348,631 Shares in Strawberry Fields REIT, Inc. $STRW Bought by Diamond Hill Capital Management LLC Investment Advisor

Diamond Hill Capital Management LLC Investment Advisor acquired a new position in Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 348,631 shares of the company’s stock, valued at approximately $4,794,000. Diamond Hill Capital Management LLC Investment Advisor owned about 2.60% of Strawberry Fields REIT at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Barclays PLC raised its stake in shares of Strawberry Fields REIT by 14.3% during the 4th quarter. Barclays PLC now owns 11,936 shares of the company’s stock worth $156,000 after purchasing an additional 1,489 shares during the period. Bank of America Corp DE grew its position in 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 valued at $50,000 after buying an additional 1,634 shares during the period. Ameriprise Financial Inc. grew its position in Strawberry Fields REIT by 2.0% during the second quarter. Ameriprise Financial Inc. now owns 87,693 shares of the company’s stock valued at $924,000 after buying an additional 1,757 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased 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 buying an additional 2,011 shares during the last quarter. Finally, Rhumbline Advisers increased its holdings in Strawberry Fields REIT by 39.5% during the first 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 last quarter.

Strawberry Fields REIT Stock Performance

NYSEAMERICAN:STRW opened at $13.60 on Tuesday. The business’s fifty day moving average is $13.75 and its 200 day moving average is $13.12. The firm has a market cap of $192.58 million, a price-to-earnings ratio of 20.92 and a beta of 0.41. Strawberry Fields REIT, Inc. has a 52-week low of $11.01 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 EPS for the quarter, hitting the consensus estimate of $0.16. Strawberry Fields REIT had a return on equity of 17.25% and a net margin of 5.30%.The business had revenue of $40.05 million during the quarter, compared to the consensus estimate of $40.24 million. Equities analysts predict that Strawberry Fields REIT, Inc. will post 1.4 EPS for the current fiscal year.

Strawberry Fields REIT Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date of this dividend is Wednesday, September 16th. Strawberry Fields REIT’s dividend payout ratio is 133.34%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on STRW. Cantor Fitzgerald boosted their target price 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. Zacks Research upgraded shares of Strawberry Fields REIT to a “hold” rating in a research note on Wednesday, April 22nd. B. Riley Financial reaffirmed a “neutral” rating and issued a $14.50 price target (up from $13.50) on shares of Strawberry Fields REIT in a report on Wednesday, July 22nd. Piper Sandler set a $16.00 price objective on Strawberry Fields REIT in a research note on Tuesday, August 11th. Finally, Alliance Global Partners reissued a “buy” rating on shares of Strawberry Fields REIT in a report on Friday, May 8th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Strawberry Fields REIT presently has an average rating of “Moderate Buy” and a consensus target price of $15.62.

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.