Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) have been assigned an average rating of “Moderate Buy” from the seven brokerages that are currently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $13.7875.

A number of research analysts have recently issued reports on STRW shares. B. Riley Financial assumed coverage on Strawberry Fields REIT in a report on Tuesday, April 21st. They issued a “neutral” rating and a $13.50 target price on the stock. Zacks Research upgraded shares of Strawberry Fields REIT to a “hold” rating in a research report on Wednesday, April 22nd. Cantor Fitzgerald restated an “overweight” rating and set a $15.00 price objective on shares of Strawberry Fields REIT in a research report on Monday, May 11th. Alliance Global Partners restated a “buy” rating on shares of Strawberry Fields REIT in a research note on Friday, May 8th. Finally, Lake Street Capital reiterated a “buy” rating and set a $16.00 price target on shares of Strawberry Fields REIT in a research note on Monday, February 23rd.

Institutional Trading of Strawberry Fields REIT

Several hedge funds have recently modified their holdings of STRW. Bank of America Corp DE boosted its stake in shares of Strawberry Fields REIT by 52.9% in the fourth quarter. Bank of America Corp DE now owns 4,725 shares of the company’s stock valued at $50,000 after buying an additional 1,634 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in Strawberry Fields REIT in the first quarter valued at $121,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position 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 worth $65,000 after purchasing an additional 2,011 shares in the last quarter. Jones Financial Companies Lllp purchased a new stake in shares of Strawberry Fields REIT during the 1st quarter worth $984,000. Finally, Goldman Sachs Group Inc. grew its stake 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 worth $205,000 after purchasing an additional 2,104 shares during the period.

Strawberry Fields REIT Price Performance

Shares of NYSEAMERICAN:STRW traded down $0.10 on Friday, reaching $13.03. The company’s stock had a trading volume of 10,688 shares, compared to its average volume of 16,933. Strawberry Fields REIT has a 52-week low of $9.46 and a 52-week high of $14.00. The stock has a market capitalization of $174.99 million, a P/E ratio of 20.05 and a beta of 0.43. The stock’s 50-day moving average is $12.65 and its two-hundred day moving average is $12.69.

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

Strawberry Fields REIT Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $0.68 dividend on an annualized basis and a yield of 5.2%. This is a boost from Strawberry Fields REIT’s previous quarterly dividend of $0.16. Strawberry Fields REIT’s dividend payout ratio is presently 125.49%.

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.