Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) Receives $13.79 Consensus Price Target from Analysts

Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) has received an average recommendation of “Moderate Buy” from the seven analysts that are covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $13.7875.

Several brokerages recently issued reports on STRW. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $15.00 price target on shares of Strawberry Fields REIT in a report on Monday, May 11th. Alliance Global Partners restated a “buy” rating on shares of Strawberry Fields REIT in a research report on Friday, May 8th. B. Riley Financial assumed coverage on shares of Strawberry Fields REIT in a research note on Tuesday, April 21st. They set a “neutral” rating and a $13.50 target price on the stock. Lake Street Capital reiterated a “buy” rating and set a $16.00 price target on shares of Strawberry Fields REIT in a report on Monday, February 23rd. Finally, Zacks Research upgraded Strawberry Fields REIT to a “hold” rating in a research note on Wednesday, April 22nd.

Strawberry Fields REIT Price Performance

Shares of NYSEAMERICAN:STRW opened at $13.14 on Wednesday. Strawberry Fields REIT has a 1 year low of $9.87 and a 1 year high of $14.00. The stock has a market capitalization of $176.40 million, a price-to-earnings ratio of 20.30 and a beta of 0.44. The company’s 50 day simple moving average is $12.84 and its 200 day simple moving average is $12.86.

Strawberry Fields REIT (NYSEAMERICAN:STRW) last released its earnings results on Friday, May 8th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.02. Strawberry Fields REIT had a return on equity of 14.36% and a net margin of 5.25%.The firm had revenue of $39.98 million during the quarter, compared to analysts’ expectations of $40.28 million. As a group, analysts anticipate that Strawberry Fields REIT will post 1.41 EPS for the current fiscal year.

Strawberry Fields REIT Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date of this dividend is Tuesday, June 16th. This is a boost from Strawberry Fields REIT’s previous quarterly dividend of $0.16. Strawberry Fields REIT’s payout ratio is currently 125.49%.

Institutional Trading of Strawberry Fields REIT

Hedge funds have recently made changes to their positions in the company. Wexford Capital LP acquired a new position in shares of Strawberry Fields REIT in the third quarter valued at approximately $44,000. Bank of America Corp DE grew its holdings in Strawberry Fields REIT by 52.9% during the 4th quarter. Bank of America Corp DE now owns 4,725 shares of the company’s stock worth $50,000 after acquiring an additional 1,634 shares during the last quarter. 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 last quarter. Rhumbline Advisers increased its position in Strawberry Fields REIT by 39.5% in the 1st quarter. Rhumbline Advisers now owns 7,412 shares of the company’s stock valued at $88,000 after acquiring an additional 2,098 shares during the period. Finally, Wells Fargo & Company MN increased its position in Strawberry Fields REIT by 67.5% in the 4th quarter. Wells Fargo & Company MN now owns 9,392 shares of the company’s stock valued at $123,000 after acquiring an additional 3,784 shares during the period.

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.