Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) Receives $13.79 Average Price Target from Analysts

Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) has been assigned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $13.7875.

A number of analysts have recently issued reports on STRW shares. Alliance Global Partners restated a “buy” rating on shares of Strawberry Fields REIT in a research note on Friday, May 8th. Zacks Research upgraded Strawberry Fields REIT to a “hold” rating in a research note on Wednesday, April 22nd. Lake Street Capital reiterated a “buy” rating and set a $16.00 target price on shares of Strawberry Fields REIT in a research note on Monday, February 23rd. Cantor Fitzgerald reiterated an “overweight” rating and set a $15.00 target price on shares of Strawberry Fields REIT in a research note on Monday, May 11th. Finally, B. Riley Financial assumed coverage on Strawberry Fields REIT in a research note on Tuesday, April 21st. They set a “neutral” rating and a $13.50 target price on the stock.

Strawberry Fields REIT Stock Performance

Shares of NYSEAMERICAN STRW opened at $13.04 on Wednesday. Strawberry Fields REIT has a 12 month low of $9.87 and a 12 month high of $14.00. The stock has a 50 day moving average of $12.79 and a 200-day moving average of $12.84. The company has a market capitalization of $175.13 million, a P/E ratio of 20.06 and a beta of 0.44.

Strawberry Fields REIT (NYSEAMERICAN:STRW) last posted its earnings results on Friday, May 8th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.02. The company had revenue of $39.98 million during the quarter, compared to analysts’ expectations of $40.28 million. Strawberry Fields REIT had a net margin of 5.25% and a return on equity of 14.36%. Analysts predict that Strawberry Fields REIT will post 1.41 EPS for the current fiscal year.

Strawberry Fields REIT Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.2%. This is an increase from Strawberry Fields REIT’s previous quarterly dividend of $0.16. The ex-dividend date is Tuesday, June 16th. Strawberry Fields REIT’s dividend payout ratio is 125.49%.

Hedge Funds Weigh In On Strawberry Fields REIT

Several institutional investors and hedge funds have recently modified their holdings of STRW. Wexford Capital LP acquired a new position in shares of Strawberry Fields REIT in the third quarter valued at about $44,000. Bank of America Corp DE grew its stake in shares of Strawberry Fields REIT by 52.9% in the fourth quarter. Bank of America Corp DE now owns 4,725 shares of the company’s stock valued at $50,000 after acquiring an additional 1,634 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Strawberry Fields REIT by 58.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,431 shares of the company’s stock valued at $65,000 after acquiring an additional 2,011 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of Strawberry Fields REIT by 39.5% in the first quarter. Rhumbline Advisers now owns 7,412 shares of the company’s stock valued at $88,000 after buying an additional 2,098 shares during the period. Finally, LSV Asset Management boosted its stake in shares of Strawberry Fields REIT by 51.7% in the third quarter. LSV Asset Management now owns 9,407 shares of the company’s stock valued at $116,000 after buying an additional 3,207 shares during the period.

About Strawberry Fields REIT

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.