Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) to Issue $0.17 Quarterly Dividend

Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) announced a quarterly dividend on Thursday, August 6th. Investors of record on Wednesday, September 16th will be paid a dividend of 0.17 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 4.8%. The ex-dividend date of this dividend is Wednesday, September 16th.

Strawberry Fields REIT has a payout ratio of 123.1% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Strawberry Fields REIT to earn $1.55 per share next year, which means the company should continue to be able to cover its $0.64 annual dividend with an expected future payout ratio of 41.3%.

Strawberry Fields REIT Stock Down 2.2%

STRW stock traded down $0.32 on Friday, reaching $14.12. 8,228 shares of the company’s stock were exchanged, compared to its average volume of 30,155. The stock has a fifty day moving average of $13.64 and a 200-day moving average of $13.10. The firm has a market cap of $189.70 million, a PE ratio of 21.73 and a beta of 0.41. Strawberry Fields REIT has a twelve month low of $10.08 and a twelve month high of $14.75.

Strawberry Fields REIT (NYSEAMERICAN:STRW) last released its quarterly earnings data on Friday, May 8th. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.02. The firm had revenue of $39.98 million for the quarter, compared to the consensus estimate of $40.28 million. Strawberry Fields REIT had a net margin of 5.25% and a return on equity of 14.36%. On average, equities research analysts predict that Strawberry Fields REIT will post 1.4 EPS for the current fiscal year.

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.