Strawberry Fields REIT (NYSEAMERICAN:STRW) Issues Earnings Results

Strawberry Fields REIT (NYSEAMERICAN:STRW) announced its quarterly earnings results on Friday. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.15 by $0.02, FiscalAI reports. Strawberry Fields REIT had a return on equity of 11.35% and a net margin of 4.89%.The company had revenue of $39.98 million for the quarter, compared to the consensus estimate of $40.28 million.

Strawberry Fields REIT Stock Down 1.0%

NYSEAMERICAN:STRW traded down $0.13 on Friday, reaching $12.82. The stock had a trading volume of 24,876 shares, compared to its average volume of 16,090. The company has a market capitalization of $171.53 million, a P/E ratio of 21.02 and a beta of 0.43. Strawberry Fields REIT has a 1-year low of $9.46 and a 1-year high of $14.00. The stock has a fifty day moving average price of $12.63 and a 200-day moving average price of $12.64.

Strawberry Fields REIT Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 5.3%. This is a boost from Strawberry Fields REIT’s previous quarterly dividend of $0.16. The ex-dividend date is Tuesday, June 16th. Strawberry Fields REIT’s dividend payout ratio (DPR) is presently 125.49%.

Trending Headlines about Strawberry Fields REIT

Here are the key news stories impacting Strawberry Fields REIT this week:

• Positive Sentiment: Strawberry Fields REIT reported first-quarter EPS of $0.17, ahead of the $0.15 consensus, while net income rose year over year and rental income increased 7.1%. Article Title
• Positive Sentiment: The company said it collected 100% of contractual rents and signed a term sheet for up to a $300 million corporate credit facility, which should help refinance debt and fund future acquisitions. Article Title
• Positive Sentiment: Management also announced a quarterly cash dividend of $0.17 per share, up 6.3% from the prior quarter, signaling confidence in cash flow and shareholder returns. Article Title
• Neutral Sentiment: Q1 FFO came in at $0.38 per share, which missed estimates by $0.01, and revenue of $39.98 million was slightly below consensus. Article Title
• Negative Sentiment: General and administrative expenses rose 22.6% year over year, which may raise some concerns about cost pressure even as operations improved.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of STRW. Jane Street Group LLC increased its holdings in Strawberry Fields REIT by 27.4% during the 4th quarter. Jane Street Group LLC now owns 13,124 shares of the company’s stock valued at $172,000 after purchasing an additional 2,819 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Strawberry Fields REIT by 32.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 30,382 shares of the company’s stock worth $398,000 after purchasing an additional 7,434 shares in the last quarter. HighTower Advisors LLC acquired a new position in Strawberry Fields REIT in the fourth quarter worth $160,000. Lazard Asset Management LLC grew its holdings in shares of Strawberry Fields REIT by 288.7% during the second quarter. Lazard Asset Management LLC now owns 22,631 shares of the company’s stock worth $238,000 after purchasing an additional 16,809 shares during the last quarter. Finally, Gamco Investors INC. ET AL bought a new stake in shares of Strawberry Fields REIT during the second quarter worth $320,000.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on STRW. Lake Street Capital restated a “buy” rating and set a $16.00 target price on shares of Strawberry Fields REIT in a research note on Monday, February 23rd. Zacks Research raised Strawberry Fields REIT to a “hold” rating in a research report on Wednesday, April 22nd. B. Riley Financial assumed coverage on shares of Strawberry Fields REIT in a research note on Tuesday, April 21st. They issued a “neutral” rating and a $13.50 price objective on the stock. Finally, Alliance Global Partners reaffirmed a “buy” rating on shares of Strawberry Fields REIT in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $13.63.

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.