Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) Announces Quarterly Dividend of $0.17

Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) announced a quarterly dividend on Thursday, August 6th. Stockholders of record on Wednesday, September 16th will be paid a dividend of 0.17 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend is Wednesday, September 16th.

Strawberry Fields REIT has a payout ratio of 123.1% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Strawberry Fields REIT to earn $1.55 per share next year, which means the company should continue to be able to cover its $0.64 annual dividend with an expected future payout ratio of 41.3%.

Strawberry Fields REIT Trading Down 2.2%

NYSEAMERICAN STRW traded down $0.32 during trading hours on Friday, reaching $14.12. The company’s stock had a trading volume of 8,228 shares, compared to its average volume of 30,155. The stock has a market cap of $189.70 million, a PE ratio of 21.73 and a beta of 0.41. Strawberry Fields REIT has a 52 week low of $10.08 and a 52 week high of $14.75. The business has a 50-day simple moving average of $13.64 and a 200 day simple moving average of $13.10.

Strawberry Fields REIT (NYSEAMERICAN:STRW) last released its quarterly earnings data on Friday, May 8th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.02. The business had revenue of $39.98 million for 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%. As a group, equities analysts predict that Strawberry Fields REIT will post 1.4 EPS for the current year.

Institutional Trading of Strawberry Fields REIT

Hedge funds have recently modified their holdings of the stock. Bank of America Corp DE grew its stake in shares of Strawberry Fields REIT by 52.9% during the fourth quarter. Bank of America Corp DE now owns 4,725 shares of the company’s stock worth $50,000 after purchasing an additional 1,634 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in Strawberry Fields REIT in the 1st quarter valued at approximately $121,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Strawberry Fields REIT by 58.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,431 shares of the company’s stock worth $65,000 after purchasing an additional 2,011 shares during the last quarter. Jones Financial Companies Lllp acquired a new position in shares of Strawberry Fields REIT during the 1st quarter worth about $984,000. Finally, Goldman Sachs Group Inc. increased its position in shares of Strawberry Fields REIT by 14.0% in the first quarter. Goldman Sachs Group Inc. now owns 17,182 shares of the company’s stock valued at $205,000 after acquiring an additional 2,104 shares during the last quarter.

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.