Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) Receives $13.79 Consensus PT from Brokerages

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

Several research firms have issued reports on STRW. Lake Street Capital restated a “buy” rating and set a $16.00 target price on shares of Strawberry Fields REIT in a research note on Monday, February 23rd. Cantor Fitzgerald restated an “overweight” rating and set a $15.00 target price on shares of Strawberry Fields REIT in a research note 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. B. Riley Financial initiated coverage on shares of Strawberry Fields REIT in a research report on Tuesday, April 21st. They set a “neutral” rating and a $13.50 price target for the company. Finally, Zacks Research raised shares of Strawberry Fields REIT to a “hold” rating in a research report on Wednesday, April 22nd.

Institutional Investors Weigh In On Strawberry Fields REIT

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Lazard Asset Management LLC grew its holdings in Strawberry Fields REIT by 181.1% during the 1st quarter. Lazard Asset Management LLC now owns 55,418 shares of the company’s stock valued at $659,000 after buying an additional 35,705 shares in the last quarter. Globeflex Capital L P purchased a new stake in Strawberry Fields REIT during the 1st quarter valued at approximately $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 buying an additional 7,757 shares in the last quarter. Hsbc Holdings PLC purchased a new stake in Strawberry Fields REIT during the 1st quarter valued at approximately $127,000. Finally, Barclays PLC grew its holdings in Strawberry Fields REIT by 14.3% during the 4th quarter. Barclays PLC now owns 11,936 shares of the company’s stock valued at $156,000 after buying an additional 1,489 shares in the last quarter.

Strawberry Fields REIT Stock Up 2.6%

NYSEAMERICAN:STRW opened at $13.04 on Wednesday. The company has a fifty day moving average of $12.79 and a 200 day moving average of $12.83. Strawberry Fields REIT has a 52 week low of $9.87 and a 52 week high of $14.00. The firm has a market capitalization of $175.13 million, a P/E ratio of 20.06 and a beta of 0.44.

Strawberry Fields REIT (NYSEAMERICAN:STRW) last issued its quarterly earnings data on Friday, May 8th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.02. The business 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%. As a group, analysts anticipate that Strawberry Fields REIT will post 1.41 EPS for the current year.

Strawberry Fields REIT Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 5.2%. The ex-dividend date of this dividend is Tuesday, June 16th. This is an increase from Strawberry Fields REIT’s previous quarterly dividend of $0.16. Strawberry Fields REIT’s payout ratio is currently 125.49%.

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.