Strawberry Fields REIT (NYSEAMERICAN:STRW) Upgraded at Zacks Research

Zacks Research upgraded shares of Strawberry Fields REIT (NYSEAMERICAN:STRW) to a hold rating in a research report report published on Wednesday,Zacks.com reports.

A number of other analysts also recently weighed in on the company. Cantor Fitzgerald restated an “overweight” rating and issued a $15.00 target price on shares of Strawberry Fields REIT in a research report on Monday, January 5th. B. Riley Financial initiated coverage on Strawberry Fields REIT in a research report on Tuesday. They issued a “neutral” rating and a $13.50 target price for the company. Lake Street Capital reaffirmed 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, Alliance Global Partners reaffirmed a “buy” rating on shares of Strawberry Fields REIT in a research note on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $13.63.

Strawberry Fields REIT Price Performance

NYSEAMERICAN:STRW opened at $12.37 on Wednesday. The business has a 50 day moving average of $12.63 and a 200 day moving average of $12.58. The company has a market capitalization of $165.51 million, a price-to-earnings ratio of 20.28 and a beta of 0.46. Strawberry Fields REIT has a 1-year low of $9.46 and a 1-year high of $14.00.

Strawberry Fields REIT (NYSEAMERICAN:STRW) last released its earnings results on Thursday, February 19th. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.17). The firm had revenue of $40.10 million during the quarter, compared to the consensus estimate of $40.30 million. Strawberry Fields REIT had a return on equity of 11.35% and a net margin of 4.89%. As a group, sell-side analysts anticipate that Strawberry Fields REIT will post 1.41 EPS for the current year.

Strawberry Fields REIT Dividend Announcement

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

Hedge Funds Weigh In On Strawberry Fields REIT

A number of large investors have recently bought and sold shares of the stock. Nisa Investment Advisors LLC increased its stake in Strawberry Fields REIT by 93.5% in the 3rd quarter. Nisa Investment Advisors LLC now owns 2,020 shares of the company’s stock worth $25,000 after purchasing an additional 976 shares during the period. Barclays PLC increased its stake in Strawberry Fields REIT by 14.3% in the 4th quarter. Barclays PLC now owns 11,936 shares of the company’s stock worth $156,000 after purchasing an additional 1,489 shares during the period. Bank of America Corp DE increased its stake in shares of Strawberry Fields REIT by 52.9% during 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 during the period. Ameriprise Financial Inc. increased its stake in shares of Strawberry Fields REIT by 2.0% during the second quarter. Ameriprise Financial Inc. now owns 87,693 shares of the company’s stock valued at $924,000 after buying an additional 1,757 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Strawberry Fields REIT by 58.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,431 shares of the company’s stock valued at $65,000 after buying an additional 2,011 shares during the period.

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.