Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) Given Average Recommendation of “Moderate Buy” by Analysts

Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) has been assigned an average recommendation of “Moderate Buy” from the six analysts that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $13.6625.

A number of analysts recently issued reports on STRW shares. Alliance Global Partners reiterated a “buy” rating on shares of Strawberry Fields REIT in a report on Friday, February 20th. Cantor Fitzgerald restated an “overweight” rating and set a $15.00 price objective on shares of Strawberry Fields REIT in a report on Monday, January 5th. Finally, Lake Street Capital reaffirmed a “buy” rating and set a $16.00 target price on shares of Strawberry Fields REIT in a research report on Monday, February 23rd.

Strawberry Fields REIT Stock Down 1.9%

STRW opened at $12.33 on Friday. The business has a fifty day moving average of $12.95 and a 200 day moving average of $12.51. Strawberry Fields REIT has a 52-week low of $8.70 and a 52-week high of $14.00. The stock has a market cap of $161.77 million, a P/E ratio of 20.21 and a beta of 0.38.

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 the consensus estimate of $0.33 by ($0.17). The business had revenue of $40.10 million for the quarter, compared to the consensus estimate of $40.30 million. Strawberry Fields REIT had a return on equity of 10.50% and a net margin of 4.89%. Equities analysts anticipate that Strawberry Fields REIT will post 1.12 EPS for the current fiscal year.

Strawberry Fields REIT Announces Dividend

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Barclays PLC raised its position in shares of 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 acquiring an additional 1,489 shares in the last quarter. State Street Corp boosted its position in Strawberry Fields REIT by 2.6% during the fourth quarter. State Street Corp now owns 169,865 shares of the company’s stock valued at $2,225,000 after purchasing an additional 4,380 shares in the last quarter. Wells Fargo & Company MN boosted its position in Strawberry Fields REIT by 67.5% during the fourth quarter. Wells Fargo & Company MN now owns 9,392 shares of the company’s stock valued at $123,000 after purchasing an additional 3,784 shares in the last quarter. Jane Street Group LLC boosted its position in Strawberry Fields REIT by 27.4% during the fourth quarter. Jane Street Group LLC now owns 13,124 shares of the company’s stock valued at $172,000 after purchasing an additional 2,819 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Strawberry Fields REIT by 32.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 30,382 shares of the company’s stock valued at $398,000 after purchasing an additional 7,434 shares during the last quarter.

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.