Strawberry Fields REIT (NYSEAMERICAN:STRW) Now Covered by Analysts at B. Riley Financial

B. Riley Financial assumed coverage on shares of Strawberry Fields REIT (NYSEAMERICAN:STRW) in a report published on Tuesday, MarketBeat.com reports. The firm issued a neutral rating and a $13.50 price target on the stock.

STRW has been the subject of a number of other reports. Alliance Global Partners reiterated a “buy” rating on shares of Strawberry Fields REIT in a research note on Friday, February 20th. Lake Street Capital reiterated a “buy” rating and issued a $16.00 price target on shares of Strawberry Fields REIT in a research note on Monday, February 23rd. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $15.00 price objective on shares of Strawberry Fields REIT in a report on Monday, January 5th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $13.63.

Strawberry Fields REIT Stock Performance

Shares of STRW opened at $12.28 on Tuesday. 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 $164.31 million, a price-to-earnings ratio of 20.13 and a beta of 0.46. The stock has a fifty day moving average of $12.66 and a 200-day moving average of $12.58.

Strawberry Fields REIT (NYSEAMERICAN:STRW) last announced its quarterly earnings results on Thursday, February 19th. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.17). Strawberry Fields REIT had a net margin of 4.89% and a return on equity of 11.35%. The firm had revenue of $40.10 million during the quarter, compared to the consensus estimate of $40.30 million.

Strawberry Fields REIT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th were issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date was Tuesday, March 17th. Strawberry Fields REIT’s dividend payout ratio is presently 125.49%.

Institutional Trading of Strawberry Fields REIT

Institutional investors and hedge funds have recently bought and sold shares of the stock. Nisa Investment Advisors LLC increased its holdings in Strawberry Fields REIT by 93.5% in the third quarter. Nisa Investment Advisors LLC now owns 2,020 shares of the company’s stock valued at $25,000 after purchasing an additional 976 shares during the period. Wexford Capital LP acquired a new stake in Strawberry Fields REIT in the third quarter valued at $44,000. Bank of America Corp DE increased its holdings in 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 purchasing an additional 1,634 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in 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 acquiring an additional 2,011 shares during the period. Finally, Copeland Capital Management LLC acquired a new stake in Strawberry Fields REIT during the 3rd quarter worth about $77,000.

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.