Strawberry Fields REIT, Inc. (STRW) to Issue Quarterly Dividend of $0.14 on June 30th

Strawberry Fields REIT, Inc. (NASDAQ:STRW) declared a quarterly dividend on Friday, May 9th, Wall Street Journal reports. Stockholders of record on Monday, June 16th will be paid a dividend of 0.14 per share on Monday, June 30th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 5.30%. The ex-dividend date is Monday, June 16th.

Strawberry Fields REIT has a payout ratio of 107.7% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Strawberry Fields REIT to earn $1.26 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 44.4%.

Strawberry Fields REIT Stock Down 1.7%

Shares of NASDAQ:STRW opened at $10.57 on Friday. The business has a fifty day moving average of $10.52. The company has a market cap of $131.54 million, a price-to-earnings ratio of 20.73, a price-to-earnings-growth ratio of 1.16 and a beta of 0.38. Strawberry Fields REIT has a one year low of $8.70 and a one year high of $12.90.

Insider Activity at Strawberry Fields REIT

In other Strawberry Fields REIT news, Director Michael Blisko bought 10,000 shares of Strawberry Fields REIT stock in a transaction that occurred on Tuesday, April 8th. The shares were bought at an average price of $9.25 per share, with a total value of $92,500.00. Following the acquisition, the director now owns 314,582 shares in the company, valued at approximately $2,909,883.50. This trade represents a 3.28% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders have acquired 11,904 shares of company stock valued at $112,381. Insiders own 10.60% of the company’s stock.

Hedge Funds Weigh In On Strawberry Fields REIT

Institutional investors and hedge funds have recently made changes to their positions in the business. Bank of America Corp DE grew its holdings in shares of Strawberry Fields REIT by 52.9% during the 4th 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. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Strawberry Fields REIT by 58.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,431 shares of the company’s stock valued at $65,000 after purchasing an additional 2,011 shares during the last quarter. Rhumbline Advisers grew its holdings in shares of Strawberry Fields REIT by 39.5% during the 1st quarter. Rhumbline Advisers now owns 7,412 shares of the company’s stock valued at $88,000 after purchasing an additional 2,098 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in Strawberry Fields REIT during the 1st quarter valued at $121,000. Finally, Goldman Sachs Group Inc. boosted its position in Strawberry Fields REIT by 14.0% during 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 during the period.

Wall Street Analyst Weigh In

Separately, Wedbush reissued an “outperform” rating and issued a $13.00 price target (down previously from $14.00) on shares of Strawberry Fields REIT in a report on Monday, May 12th.

About Strawberry Fields REIT

Strawberry Fields REIT, Inc engages in the ownership, acquisition, development, and leasing of skilled nursing and certain other healthcare-related properties. The company was founded by Moishe Gubin in 2014 and is headquartered in South Bend, IN.