Strawberry Fields REIT (NYSEAMERICAN:STRW) Stock Price Down 2.7% – Should You Sell?

Shares of Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) fell 2.7% during trading on Wednesday . The stock traded as low as $13.16 and last traded at $13.21. 27,509 shares traded hands during trading, an increase of 18% from the average daily volume of 23,335 shares. The stock had previously closed at $13.57.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on STRW. B. Riley Financial assumed coverage on Strawberry Fields REIT in a research report on Tuesday, April 21st. They issued a “neutral” rating and a $13.50 target price on the stock. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $15.00 price target on shares of Strawberry Fields REIT in a research report on Monday, May 11th. Alliance Global Partners reiterated a “buy” rating on shares of Strawberry Fields REIT in a research note on Friday, May 8th. Finally, Zacks Research upgraded shares of Strawberry Fields REIT to a “hold” rating in a research note on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $13.79.

Strawberry Fields REIT Price Performance

The firm has a 50-day simple moving average of $12.97 and a 200 day simple moving average of $12.93. The company has a market capitalization of $182.65 million, a PE ratio of 20.92 and a beta of 0.44.

Strawberry Fields REIT (NYSEAMERICAN:STRW) last issued its earnings results on Friday, May 8th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.02. Strawberry Fields REIT had a return on equity of 14.36% and a net margin of 5.25%.The company had revenue of $39.98 million during the quarter, compared to the consensus estimate of $40.28 million. Equities research analysts expect that Strawberry Fields REIT, Inc. will post 1.41 EPS for the current fiscal year.

Strawberry Fields REIT Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be given a dividend of $0.17 per share. This is a boost from Strawberry Fields REIT’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $0.68 annualized dividend and a yield of 5.0%. Strawberry Fields REIT’s dividend payout ratio is presently 133.34%.

Institutional Trading of Strawberry Fields REIT

Several large investors have recently bought and sold shares of STRW. Lazard Asset Management LLC lifted its position in shares of Strawberry Fields REIT by 181.1% during the first quarter. Lazard Asset Management LLC now owns 55,418 shares of the company’s stock worth $659,000 after purchasing an additional 35,705 shares in the last quarter. Globeflex Capital L P acquired a new stake in Strawberry Fields REIT during the 1st quarter valued at $140,000. Dimensional Fund Advisors LP grew its holdings in Strawberry Fields REIT by 25.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 38,139 shares of the company’s stock valued at $454,000 after purchasing an additional 7,757 shares in the last quarter. Hsbc Holdings PLC purchased a new stake in Strawberry Fields REIT during the 1st quarter worth $127,000. Finally, Barclays PLC increased its stake in 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 buying an additional 1,489 shares during the period.

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.