Analysts Set Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) PT at $15.62

Shares of Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) have been given an average rating of “Moderate Buy” by the six research firms that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $15.6250.

A number of research analysts have issued reports on the company. B. Riley Financial reiterated a “neutral” rating and issued a $14.50 target price (up from $13.50) on shares of Strawberry Fields REIT in a research report on Wednesday, July 22nd. Cantor Fitzgerald increased their target price 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. Compass Point upgraded shares of Strawberry Fields REIT from a “neutral” rating to a “buy” rating in a research note on Tuesday, August 18th. Piper Sandler set a $16.00 price target on shares of Strawberry Fields REIT in a report on Tuesday, August 11th. Finally, Alliance Global Partners reiterated a “buy” rating on shares of Strawberry Fields REIT in a research report on Friday, May 8th.

Hedge Funds Weigh In On Strawberry Fields REIT

A number of institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. bought a new stake in shares of Strawberry Fields REIT during the second quarter worth about $8,944,000. Diamond Hill Capital Management LLC Investment Advisor acquired a new position in shares of Strawberry Fields REIT in the second quarter valued at approximately $4,794,000. Gabelli Funds LLC bought a new position in Strawberry Fields REIT in the 2nd quarter valued at approximately $1,515,000. Jones Financial Companies Lllp bought a new position in Strawberry Fields REIT in the 1st quarter valued at approximately $984,000. Finally, Acadian Asset Management LLC acquired a new stake in Strawberry Fields REIT during the 1st quarter worth approximately $453,000.

Strawberry Fields REIT Stock Performance

Shares of STRW stock opened at $13.91 on Tuesday. The stock’s fifty day moving average price is $13.81 and its two-hundred day moving average price is $13.15. The company has a market cap of $196.97 million, a PE ratio of 21.40 and a beta of 0.41. Strawberry Fields REIT has a fifty-two week low of $11.11 and a fifty-two week high of $14.75.

Strawberry Fields REIT (NYSEAMERICAN:STRW) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.16 EPS for the quarter, hitting analysts’ consensus estimates of $0.16. Strawberry Fields REIT had a return on equity of 17.25% and a net margin of 5.30%.The company had revenue of $40.05 million during the quarter, compared to analysts’ expectations of $40.24 million. On average, equities analysts predict that Strawberry Fields REIT will post 1.4 EPS for the current fiscal year.

Strawberry Fields REIT Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $0.68 annualized dividend and a dividend yield of 4.9%. Strawberry Fields REIT’s dividend payout ratio (DPR) is 133.34%.

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.