Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) Receives Average Recommendation of “Moderate Buy” from Brokerages

Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) has earned a consensus recommendation of “Moderate Buy” from the six ratings firms that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $15.6250.

Several equities research analysts have recently weighed in on the company. Compass Point upgraded Strawberry Fields REIT from a “neutral” rating to a “buy” rating in a research report on Tuesday. Zacks Research raised shares of Strawberry Fields REIT to a “hold” rating in a research note on Wednesday, April 22nd. Alliance Global Partners reaffirmed a “buy” rating on shares of Strawberry Fields REIT in a report on Friday, May 8th. Piper Sandler set a $16.00 target price on shares of Strawberry Fields REIT in a research note on Tuesday, August 11th. Finally, Cantor Fitzgerald raised their price target on shares of Strawberry Fields REIT from $15.00 to $16.00 and gave the company an “overweight” rating in a report on Monday, August 10th.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Wexford Capital LP bought a new position in shares of Strawberry Fields REIT during the third quarter valued at about $44,000. Bank of America Corp DE increased its holdings in Strawberry Fields REIT by 52.9% during the 4th quarter. Bank of America Corp DE now owns 4,725 shares of the company’s stock valued at $50,000 after purchasing an additional 1,634 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Strawberry Fields REIT by 58.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,431 shares of the company’s stock valued at $65,000 after purchasing an additional 2,011 shares during the last quarter. Rhumbline Advisers lifted its holdings in Strawberry Fields REIT by 39.5% in the 1st quarter. Rhumbline Advisers now owns 7,412 shares of the company’s stock worth $88,000 after buying an additional 2,098 shares during the period. Finally, Deutsche Bank AG bought a new stake in shares of Strawberry Fields REIT in the 2nd quarter worth approximately $111,000.

Strawberry Fields REIT Price Performance

Shares of Strawberry Fields REIT stock traded up $0.18 during trading hours on Tuesday, reaching $13.92. The company had a trading volume of 3,338 shares, compared to its average volume of 30,489. The firm has a market cap of $197.09 million, a PE ratio of 21.32 and a beta of 0.41. Strawberry Fields REIT has a one year low of $11.01 and a one year high of $14.75. The business has a fifty day simple moving average of $13.75 and a 200 day simple moving average of $13.12.

Strawberry Fields REIT (NYSEAMERICAN:STRW) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.16. The company had revenue of $40.05 million for the quarter, compared to analyst estimates of $40.24 million. Strawberry Fields REIT had a return on equity of 17.25% and a net margin of 5.30%. On average, research analysts forecast that Strawberry Fields REIT will post 1.4 EPS for the current year.

Strawberry Fields REIT Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th will be given a dividend of $0.17 per share. The ex-dividend date is Wednesday, September 16th. This represents a $0.68 dividend on an annualized basis and a yield of 4.9%. Strawberry Fields REIT’s dividend payout ratio (DPR) is presently 133.34%.

Strawberry Fields REIT Company Profile

Strawberry Fields REIT, Inc, is a self-administered real estate investment trust engaged in the ownership, acquisition, development and leasing of skilled nursing and certain other healthcare-related properties. The Company's portfolio includes 109 healthcare facilities with an aggregate of 12,449 bed, located throughout the states of Arkansas, Illinois, Indiana, Kentucky, Michigan, Ohio, Oklahoma, Tennessee and Texas. The 109 healthcare facilities comprise 99 skilled nursing facilities, eight assisted living facilities, and two long-term acute care hospitals.