Strawberry Fields REIT, Inc. (STRW) – What Are Analysts Saying About This Stock?

Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) has been given a consensus rating of “Moderate Buy” by the seven analysts that are presently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $15.50.

STRW has been the subject of several analyst reports. Huntington began coverage on shares of Strawberry Fields REIT in a research note on Thursday, September 10th. They set a “market perform” rating and a $15.00 price target for the company. Compass Point raised shares of Strawberry Fields REIT from a “neutral” rating to a “buy” rating in a research note on Tuesday, August 18th. B. Riley Financial restated a “neutral” rating and issued a $14.50 price objective (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 report on Tuesday, August 11th. Finally, Cantor Fitzgerald raised their target price on Strawberry Fields REIT from $15.00 to $16.00 and gave the stock an “overweight” rating in a research report on Monday, August 10th.

Strawberry Fields REIT Price Performance

Strawberry Fields REIT stock opened at $12.93 on Wednesday. The business has a 50 day moving average of $13.63 and a 200-day moving average of $13.33. The company has a market capitalization of $183.09 million, a P/E ratio of 19.89 and a beta of 0.41. Strawberry Fields REIT has a 1 year low of $11.11 and a 1 year high of $14.75.

Strawberry Fields REIT (NYSEAMERICAN:STRW) last posted 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 net margin of 5.30% and a return on equity of 17.25%. The business had revenue of $40.05 million for the quarter, compared to the consensus estimate of $40.24 million. Equities analysts anticipate that Strawberry Fields REIT will post 1.40 EPS for the current year.

Strawberry Fields REIT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date was Wednesday, September 16th. Strawberry Fields REIT’s dividend payout ratio (DPR) is 133.34%.

Hedge Funds Weigh In On Strawberry Fields REIT

A number of hedge funds and other institutional investors have recently made changes to their positions in STRW. Man Group plc bought a new stake in Strawberry Fields REIT in the second quarter valued at approximately $158,000. Hsbc Holdings PLC acquired a new stake in Strawberry Fields REIT during the 2nd quarter valued at approximately $142,000. Globeflex Capital L P acquired a new stake in Strawberry Fields REIT during the 2nd quarter valued at approximately $161,000. BlackRock Inc. bought a new position in Strawberry Fields REIT during the 2nd quarter worth approximately $8,944,000. Finally, Deutsche Bank AG bought a new position in Strawberry Fields REIT during the 2nd quarter worth approximately $111,000.

About Strawberry Fields REIT

Strawberry Fields REIT, Inc is a healthcare-focused real estate investment trust that owns and acquires properties used by healthcare providers. Its portfolio is centered primarily on skilled nursing facilities and other healthcare-related real estate.

The company generally leases its properties to healthcare operators, primarily under long-term, triple-net lease arrangements. Under these agreements, tenants typically operate the facilities and are responsible for many property-level expenses, while Strawberry Fields REIT receives rental income as the property owner.

Strawberry Fields REIT serves healthcare markets primarily in the Midwestern and Southern United States.