Strawberry Fields REIT, Inc. (NASDAQ:STRW) Declares Quarterly Dividend of $0.14

Strawberry Fields REIT, Inc. (NASDAQ:STRW) declared a quarterly dividend on Friday, February 28th, Wall Street Journal reports. Stockholders of record on Monday, March 17th will be paid a dividend of 0.14 per share on Monday, March 31st. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.78%. The ex-dividend date of this dividend is Monday, March 17th.

Strawberry Fields REIT has a payout ratio of 119.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research 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 5.3 %

NASDAQ STRW traded up $0.59 during trading hours on Friday, hitting $11.72. The company had a trading volume of 66,939 shares, compared to its average volume of 70,175. Strawberry Fields REIT has a fifty-two week low of $6.56 and a fifty-two week high of $12.90. The company has a market cap of $87.68 million, a P/E ratio of 22.98, a P/E/G ratio of 1.16 and a beta of 0.52.

Institutional Trading of Strawberry Fields REIT

A hedge fund recently raised its stake in Strawberry Fields REIT stock. Bank of America Corp DE boosted its stake in Strawberry Fields REIT, Inc. (NASDAQ:STRW) by 52.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,725 shares of the company’s stock after acquiring an additional 1,634 shares during the period. Bank of America Corp DE owned 0.06% of Strawberry Fields REIT worth $50,000 at the end of the most recent reporting period.

Analysts Set New Price Targets

Separately, Compass Point set a $14.00 target price on Strawberry Fields REIT in a research note on Wednesday, January 15th.

Strawberry Fields REIT Company Profile

Strawberry Fields REIT, Inc engages in the ownership, acquisition, development, and leasing of skilled nursing and certain other healthcare-related properties. The company was founded by Moishe Gubin in 2014 and is headquartered in South Bend, IN.