Strawberry Fields REIT (NYSEAMERICAN:STRW) Posts Earnings Results, Hits Estimates

Strawberry Fields REIT (NYSEAMERICAN:STRW) announced its earnings results on Thursday. The company reported $0.16 earnings per share for the quarter, meeting the consensus estimate of $0.16, FiscalAI reports. The company had revenue of $40.05 million for the quarter, compared to the consensus estimate of $40.24 million. Strawberry Fields REIT had a return on equity of 14.36% and a net margin of 5.25%.

Strawberry Fields REIT Stock Up 1.3%

Shares of NYSEAMERICAN STRW traded up $0.19 during trading on Thursday, reaching $14.44. 34,479 shares of the stock were exchanged, compared to its average volume of 47,368. The business’s 50-day moving average price is $13.64 and its 200 day moving average price is $13.10. The company has a market capitalization of $193.93 million, a price-to-earnings ratio of 22.22 and a beta of 0.41. Strawberry Fields REIT has a twelve month low of $10.00 and a twelve month high of $14.75.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Bank of America Corp DE lifted its position 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 worth $50,000 after purchasing an additional 1,634 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in Strawberry Fields REIT in the first quarter worth $121,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Strawberry Fields REIT by 58.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,431 shares of the company’s stock worth $65,000 after buying an additional 2,011 shares during the last quarter. Jones Financial Companies Lllp bought a new stake in shares of Strawberry Fields REIT in the 1st quarter worth approximately $984,000. Finally, Goldman Sachs Group Inc. grew its stake in Strawberry Fields REIT by 14.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 17,182 shares of the company’s stock worth $205,000 after buying an additional 2,104 shares during the last quarter.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on STRW shares. Alliance Global Partners reaffirmed a “buy” rating on shares of Strawberry Fields REIT in a research note on Friday, May 8th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $15.00 price target on shares of Strawberry Fields REIT in a research report on Monday, May 11th. Zacks Research raised Strawberry Fields REIT to a “hold” rating in a report on Wednesday, April 22nd. Finally, B. Riley Financial reissued a “neutral” rating and issued a $14.50 price objective (up from $13.50) on shares of Strawberry Fields REIT in a research report on Wednesday, July 22nd. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $15.17.

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.