Strawberry Fields REIT (NYSEAMERICAN:STRW) Price Target Raised to $16.00

Strawberry Fields REIT (NYSEAMERICAN:STRW) had its price objective upped by Cantor Fitzgerald from $15.00 to $16.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Cantor Fitzgerald’s target price suggests a potential upside of 12.91% from the stock’s previous close.

Several other research analysts have also commented on STRW. Zacks Research raised shares of Strawberry Fields REIT to a “hold” rating in a research note on Wednesday, April 22nd. B. Riley Financial restated a “neutral” rating and issued a $14.50 target price (up from $13.50) on shares of Strawberry Fields REIT in a report on Wednesday, July 22nd. Finally, Alliance Global Partners reiterated a “buy” rating on shares of Strawberry Fields REIT in a report on Friday, May 8th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $15.50.

Strawberry Fields REIT Price Performance

Shares of NYSEAMERICAN STRW opened at $14.17 on Monday. Strawberry Fields REIT has a 1-year low of $10.08 and a 1-year high of $14.75. The business’s 50 day moving average is $13.66 and its two-hundred day moving average is $13.10. The stock has a market capitalization of $200.65 million, a P/E ratio of 21.80 and a beta of 0.41.

Strawberry Fields REIT (NYSEAMERICAN:STRW) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.16. The business had revenue of $40.05 million during the quarter, compared to analyst estimates of $40.24 million. Strawberry Fields REIT had a return on equity of 17.25% and a net margin of 5.30%. As a group, equities research analysts anticipate that Strawberry Fields REIT will post 1.4 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Strawberry Fields REIT

Several institutional investors have recently made changes to their positions in the company. Barclays PLC raised its holdings 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 valued at $156,000 after purchasing an additional 1,489 shares in the last quarter. Bank of America Corp DE boosted 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 purchasing an additional 1,634 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in 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. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in 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. Finally, Rhumbline Advisers raised its stake in Strawberry Fields REIT by 39.5% in the first quarter. Rhumbline Advisers now owns 7,412 shares of the company’s stock worth $88,000 after buying an additional 2,098 shares in 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.