Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) Declares $0.16 Quarterly Dividend

Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) announced a quarterly dividend on Thursday, February 26th. Shareholders of record on Tuesday, March 17th will be paid a dividend of 0.16 per share on Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 5.0%. The ex-dividend date of this dividend is Tuesday, March 17th.

Strawberry Fields REIT has a dividend payout ratio of 107.7% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Strawberry Fields REIT to earn $1.26 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 44.4%.

Strawberry Fields REIT Trading Up 0.6%

STRW stock opened at $12.88 on Friday. The company has a market cap of $168.99 million, a P/E ratio of 21.11 and a beta of 0.38. Strawberry Fields REIT has a 52 week low of $8.70 and a 52 week high of $14.00. The company’s 50-day moving average price is $12.98 and its 200 day moving average price is $12.49.

Strawberry Fields REIT (NYSEAMERICAN:STRW) last issued 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). Strawberry Fields REIT had a return on equity of 10.50% and a net margin of 4.89%.The company had revenue of $40.10 million for the quarter, compared to analyst estimates of $40.30 million. On average, equities research analysts expect that Strawberry Fields REIT will post 1.12 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on STRW. Lake Street Capital restated a “buy” rating and issued a $16.00 price target on shares of Strawberry Fields REIT in a report on Monday, February 23rd. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $15.00 price objective on shares of Strawberry Fields REIT in a report on Monday, January 5th. Finally, Alliance Global Partners reiterated a “buy” rating on shares of Strawberry Fields REIT in a research report on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Strawberry Fields REIT has a consensus rating of “Moderate Buy” and a consensus target price of $13.66.

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.