Strawberry Fields REIT (NYSEAMERICAN:STRW) Stock Rated “Hold” in New Coverage at Huntington

Huntington began coverage on shares of Strawberry Fields REIT (NYSEAMERICAN:STRW) in a research report issued on Thursday, Zacks reports. The firm set a “hold” rating on the stock.

Other analysts have also issued reports about the company. B. Riley Financial reaffirmed a “neutral” rating and set a $14.50 target price (up from $13.50) on shares of Strawberry Fields REIT in a report on Wednesday, July 22nd. Compass Point upgraded Strawberry Fields REIT from a “neutral” rating to a “buy” rating in a research report on Tuesday, August 18th. Piper Sandler set a $16.00 price objective on shares of Strawberry Fields REIT in a research note on Tuesday, August 11th. Finally, Cantor Fitzgerald increased their price target on shares of Strawberry Fields REIT from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Monday, August 10th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $15.50.

Strawberry Fields REIT Price Performance

NYSEAMERICAN:STRW traded down $0.31 during mid-day trading on Thursday, hitting $12.12. The company’s stock had a trading volume of 13,659 shares, compared to its average volume of 40,308. Strawberry Fields REIT has a 1 year low of $11.47 and a 1 year high of $14.75. The stock has a market cap of $171.62 million, a price-to-earnings ratio of 52.70 and a beta of 0.42. The business’s fifty day moving average is $13.16 and its two-hundred day moving average is $13.16.

Strawberry Fields REIT (NYSEAMERICAN:STRW) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.16 earnings per share for the quarter, hitting the consensus estimate of $0.16. The company had revenue of $40.05 million for the quarter, compared to the consensus estimate of $40.24 million. Strawberry Fields REIT had a return on equity of 17.25% and a net margin of 5.30%. Analysts anticipate that Strawberry Fields REIT will post 1.40 EPS for the current fiscal year.

Institutional Investors Weigh In On Strawberry Fields REIT

A number of institutional investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. increased its holdings in Strawberry Fields REIT by 30.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 8,197 shares of the company’s stock worth $106,000 after acquiring an additional 1,918 shares in the last quarter. Deutsche Bank AG purchased a new stake in shares of Strawberry Fields REIT during the second quarter worth about $111,000. Hsbc Holdings PLC purchased a new stake in shares of Strawberry Fields REIT during the first quarter worth about $127,000. Globeflex Capital L P purchased a new stake in shares of Strawberry Fields REIT during the first quarter worth about $140,000. Finally, Asset Management One Co. Ltd. acquired a new position in shares of Strawberry Fields REIT during the 3rd quarter worth about $152,000.

More Strawberry Fields REIT News

Here are the key news stories impacting Strawberry Fields REIT this week:

• Positive Sentiment: The company declared a quarterly cash dividend of $0.17 per share, or $0.68 annualized, equivalent to a yield of about 5.4%. The dividend is payable December 30 to shareholders of record December 16. Dividend announcement
• Positive Sentiment: STRW reported quarterly EPS of $0.34, above the cited analyst consensus of $0.20. Brokerages’ average price target is $15.50, above the share price cited in the provided market data, suggesting potential upside if achieved. Analyst price target report
• Negative Sentiment: Funds from operations (FFO), a key REIT performance measure, came in at $0.34 per share, below the $0.37 consensus estimate. Revenue of $40.0 million also missed expectations of $40.42 million. These misses could pressure investor sentiment despite the EPS beat. Q3 FFO and revenue report

About Strawberry Fields REIT

Strawberry Fields REIT, Inc is a healthcare real estate investment trust that owns and manages properties used primarily by skilled nursing and other long-term care operators. The company generates revenue mainly by leasing its healthcare facilities to tenants under long-term, generally triple-net lease agreements, under which tenants are typically responsible for property operating expenses, maintenance and taxes.

The company’s portfolio is focused on healthcare properties in the United States, with an emphasis on skilled nursing facilities and related senior-care real estate.