Strawberry Fields REIT (NYSEAMERICAN:STRW) Stock Price Down 0.7% – Here’s What Happened

Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW)’s share price dropped 0.7% during trading on Wednesday . The stock traded as low as $12.90 and last traded at $12.90. Approximately 32,121 shares changed hands during mid-day trading, a decline of 10% from the average daily volume of 35,739 shares. The stock had previously closed at $12.99.

Strawberry Fields REIT Stock Down 0.7%

The business has a 50 day moving average price of $12.26 and a two-hundred day moving average price of $11.55. The stock has a market cap of $169.25 million, a P/E ratio of 20.81, a price-to-earnings-growth ratio of 1.25 and a beta of 0.38.

Strawberry Fields REIT (NYSEAMERICAN:STRW) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.18). Strawberry Fields REIT had a return on equity of 9.37% and a net margin of 4.83%.The business had revenue of $39.71 million during the quarter, compared to analysts’ expectations of $38.41 million. On average, research analysts forecast that Strawberry Fields REIT, Inc. will post 1.12 earnings per share for the current year.

Strawberry Fields REIT Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Tuesday, December 16th will be given a dividend of $0.16 per share. The ex-dividend date is Tuesday, December 16th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 5.0%. Strawberry Fields REIT’s dividend 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.