Strawberry Fields REIT (NYSEAMERICAN:STRW) Coverage Initiated at Huntington

Key Points

• Huntington initiated coverage of Strawberry Fields REIT with a “market perform” rating and a $15.00 price target, implying 7.84% potential upside.
• Analyst sentiment is somewhat positive overall, with four Buy ratings and three Holds producing a “Moderate Buy” consensus and an average price target of $15.50.
• Strawberry Fields REIT reported quarterly EPS of $0.16, matching estimates, while revenue reached $40.05 million. Institutional interest also increased, including new positions from BlackRock and Diamond Hill Capital Management.

Research analysts at Huntington began coverage on shares of Strawberry Fields REIT (NYSEAMERICAN:STRW - Get Free Report) in a research note issued on Thursday, Briefing.com reports. The firm set a "market perform" rating and a $15.00 price target on the stock. Huntington's price objective points to a potential upside of 7.84% from the company's current price.

A number of other equities analysts have also weighed in on the company. Compass Point upgraded Strawberry Fields REIT from a "neutral" rating to a "buy" rating in a research note 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 research note on Wednesday, July 22nd. 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 report on Monday, August 10th. Finally, Piper Sandler set a $16.00 price target on Strawberry Fields REIT in a research report on Tuesday, August 11th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $15.50.

Strawberry Fields REIT Price Performance

STRW stock opened at $13.91 on Thursday. The firm's fifty day simple moving average is $13.87 and its 200-day simple moving average is $13.22. The company has a market capitalization of $196.97 million, a P/E ratio of 21.40 and a beta of 0.40. Strawberry Fields REIT has a 12 month low of $11.11 and a 12 month high of $14.75.

Strawberry Fields REIT (NYSEAMERICAN:STRW - Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.16. The firm had revenue of $40.05 million during the quarter, compared to analysts' expectations of $40.24 million. Strawberry Fields REIT had a net margin of 5.30% and a return on equity of 17.25%. As a group, sell-side analysts forecast that Strawberry Fields REIT will post 1.4 earnings per share for the current year.

Institutional Investors Weigh In On Strawberry Fields REIT

A number of institutional investors have recently modified their holdings of STRW. BlackRock Inc. acquired a new position in Strawberry Fields REIT in the 2nd quarter worth about $8,944,000. Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in Strawberry Fields REIT in the second quarter valued at approximately $4,794,000. First Eagle Investment Management LLC increased its position in shares of Strawberry Fields REIT by 8.4% in the fourth quarter. First Eagle Investment Management LLC now owns 325,589 shares of the company's stock valued at $4,265,000 after buying an additional 25,205 shares in the last quarter. Diamond Hill Capital Management Inc. raised its stake in shares of Strawberry Fields REIT by 9.9% during the 4th quarter. Diamond Hill Capital Management Inc. now owns 203,816 shares of the company's stock worth $2,670,000 after buying an additional 18,415 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of Strawberry Fields REIT by 4.2% during the 4th quarter. Geode Capital Management LLC now owns 172,839 shares of the company's stock worth $2,265,000 after buying an additional 6,969 shares during the period.

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.

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