Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) Short Interest Up 19.1% in March

Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) was the recipient of a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 69,769 shares, a growth of 19.1% from the February 26th total of 58,561 shares. Based on an average daily volume of 22,742 shares, the short-interest ratio is currently 3.1 days. Approximately 0.6% of the company’s shares are short sold.

Institutional Trading of Strawberry Fields REIT

Several hedge funds and other institutional investors have recently modified their holdings of the company. Bank of America Corp DE boosted 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 purchasing an additional 1,634 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in Strawberry Fields REIT in the 1st quarter worth about $121,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in 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 worth $65,000 after purchasing an additional 2,011 shares during the last quarter. Jones Financial Companies Lllp purchased a new stake in shares of Strawberry Fields REIT during the 1st quarter worth about $984,000. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of 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 last quarter.

Strawberry Fields REIT Stock Performance

STRW stock opened at $12.15 on Thursday. The firm has a 50 day simple moving average of $12.72 and a 200 day simple moving average of $12.53. Strawberry Fields REIT has a 52 week low of $8.70 and a 52 week high of $14.00. The stock has a market cap of $162.57 million, a P/E ratio of 19.92 and a beta of 0.46.

Strawberry Fields REIT (NYSEAMERICAN:STRW) last released its quarterly earnings data on Thursday, February 19th. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.17). Strawberry Fields REIT had a net margin of 4.89% and a return on equity of 11.35%. The company had revenue of $40.10 million during the quarter, compared to analyst estimates of $40.30 million. Sell-side analysts predict that Strawberry Fields REIT will post 1.12 EPS for the current year.

Strawberry Fields REIT Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th were issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 5.3%. The ex-dividend date was Tuesday, March 17th. Strawberry Fields REIT’s payout ratio is currently 125.49%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Lake Street Capital reissued a “buy” rating and set a $16.00 target price on shares of Strawberry Fields REIT in a research note on Monday, February 23rd. Alliance Global Partners reaffirmed a “buy” rating on shares of Strawberry Fields REIT in a research report on Friday, February 20th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $15.00 price target on shares of Strawberry Fields REIT in a report on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $13.66.

Strawberry Fields REIT Company Profile

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.