Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) Sees Significant Increase in Short Interest

Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) was the target of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 179,324 shares, a growth of 50.3% from the July 15th total of 119,331 shares. Currently, 1.6% of the company’s stock are sold short. Based on an average daily trading volume, of 54,059 shares, the days-to-cover ratio is currently 3.3 days.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on STRW. Piper Sandler set a $16.00 target price on shares of Strawberry Fields REIT in a research report on Tuesday, August 11th. Zacks Research raised shares of Strawberry Fields REIT to a “hold” rating in a research report on Wednesday, April 22nd. B. Riley Financial reiterated a “neutral” rating and set a $14.50 target price (up from $13.50) on shares of Strawberry Fields REIT in a report on Wednesday, July 22nd. Cantor Fitzgerald upped their price target on shares of Strawberry Fields REIT from $15.00 to $16.00 and gave the stock an “overweight” rating in a research note on Monday, August 10th. Finally, Alliance Global Partners reiterated a “buy” rating on shares of Strawberry Fields REIT in a research note on Friday, May 8th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Strawberry Fields REIT currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.62.

Hedge Funds Weigh In On Strawberry Fields REIT

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Man Group plc bought a new position in shares of Strawberry Fields REIT during the 2nd quarter valued at approximately $158,000. Hsbc Holdings PLC purchased a new stake in Strawberry Fields REIT during the second quarter valued at $142,000. Globeflex Capital L P purchased a new stake in Strawberry Fields REIT during the second quarter valued at $161,000. BlackRock Inc. bought a new position in Strawberry Fields REIT during the second quarter valued at $8,944,000. Finally, Deutsche Bank AG bought a new position in Strawberry Fields REIT during the second quarter valued at $111,000.

Strawberry Fields REIT Stock Down 1.8%

Shares of STRW opened at $13.61 on Thursday. The business has a 50-day simple moving average of $13.78 and a two-hundred day simple moving average of $13.13. Strawberry Fields REIT has a 52 week low of $11.11 and a 52 week high of $14.75. The stock has a market cap of $192.72 million, a price-to-earnings ratio of 20.94 and a beta of 0.41.

Strawberry Fields REIT (NYSEAMERICAN:STRW) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.16 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.16. The firm had revenue of $40.05 million for the quarter, compared to analysts’ expectations of $40.24 million. Strawberry Fields REIT had a return on equity of 17.25% and a net margin of 5.30%. On average, equities analysts anticipate that Strawberry Fields REIT will post 1.4 earnings per share for the current fiscal year.

Strawberry Fields REIT Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th will be paid a $0.17 dividend. The ex-dividend date is Wednesday, September 16th. This represents a $0.68 annualized dividend and a yield of 5.0%. Strawberry Fields REIT’s payout ratio is presently 133.34%.

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.