Strawberry Fields REIT, Inc. (STRW) to Distribute Quarterly Dividend of $0.17 on September 30th

Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) announced a quarterly dividend on Thursday, August 6th. Stockholders of record on Wednesday, September 16th will be given a dividend of 0.17 per share on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 4.9%. The ex-dividend date is Wednesday, September 16th.

Strawberry Fields REIT has a payout ratio of 123.1% meaning 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 $1.55 per share next year, which means the company should continue to be able to cover its $0.64 annual dividend with an expected future payout ratio of 41.3%.

Strawberry Fields REIT Price Performance

Shares of NYSEAMERICAN:STRW opened at $13.82 on Monday. The firm has a market cap of $195.69 million, a P/E ratio of 21.26 and a beta of 0.40. The company’s 50-day moving average price is $13.87 and its two-hundred day moving average price is $13.24. Strawberry Fields REIT has a 12 month low of $11.11 and a 12 month high of $14.75.

Strawberry Fields REIT (NYSEAMERICAN:STRW) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.16 EPS for the quarter, hitting analysts’ consensus estimates of $0.16. The business had revenue of $40.05 million during the quarter, compared to analysts’ expectations 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 analysts predict that Strawberry Fields REIT will post 1.4 earnings per share for the current fiscal year.

Analysts Set New Price Targets

STRW has been the topic of several recent research reports. Compass Point raised Strawberry Fields REIT from a “neutral” rating to a “buy” rating in a report on Tuesday, August 18th. 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. Piper Sandler set a $16.00 target price on shares of Strawberry Fields REIT in a report on Tuesday, August 11th. Huntington started coverage on Strawberry Fields REIT in a research note on Thursday. They set a “market perform” rating and a $15.00 target price on the stock. Finally, Cantor Fitzgerald raised their target price on Strawberry Fields REIT from $15.00 to $16.00 and gave the stock an “overweight” rating in a research report on Monday, August 10th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $15.50.

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.