Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) Receives Consensus Rating of “Moderate Buy” from Analysts

Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) has received an average recommendation of “Moderate Buy” from the seven analysts that are presently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $15.50.

STRW has been the topic of several recent research reports. Compass Point upgraded shares of Strawberry Fields REIT from a “neutral” rating to a “buy” rating in a report on Tuesday, August 18th. Cantor Fitzgerald increased their price objective on shares of Strawberry Fields REIT from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Monday, August 10th. Huntington started coverage on shares of Strawberry Fields REIT in a research note on Thursday. They issued a “market perform” rating and a $15.00 price objective for the company. B. Riley Financial restated 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. Finally, Piper Sandler set a $16.00 target price on Strawberry Fields REIT in a research report on Tuesday, August 11th.

Strawberry Fields REIT Stock Down 0.7%

STRW opened at $13.82 on Friday. The stock’s fifty day moving average is $13.87 and its two-hundred day moving average is $13.23. The company has a market capitalization of $195.69 million, a P/E ratio of 21.26 and a beta of 0.40. Strawberry Fields REIT has a 52 week low of $11.11 and a 52 week high of $14.75.

Strawberry Fields REIT (NYSEAMERICAN:STRW) last issued its 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 business had revenue of $40.05 million during the quarter, compared to analysts’ expectations of $40.24 million. Strawberry Fields REIT had a return on equity of 17.25% and a net margin of 5.30%. Equities analysts anticipate that Strawberry Fields REIT will post 1.4 earnings per share for the current year.

Strawberry Fields REIT Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 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 4.9%. The ex-dividend date is Wednesday, September 16th. Strawberry Fields REIT’s dividend payout ratio is 133.34%.

Hedge Funds Weigh In On Strawberry Fields REIT

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE grew its stake in 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 purchasing an additional 1,634 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Strawberry Fields REIT during the first quarter valued at about $121,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Strawberry Fields REIT by 58.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,431 shares of the company’s stock valued at $65,000 after buying an additional 2,011 shares in the last quarter. Jones Financial Companies Lllp bought a new stake in shares of Strawberry Fields REIT in the 1st quarter valued at about $984,000. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Strawberry Fields REIT by 14.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 17,182 shares of the company’s stock valued at $205,000 after buying an additional 2,104 shares in the last quarter.

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.