Compass Point Upgrades Strawberry Fields REIT (NYSEAMERICAN:STRW) to Buy

Key Points

• Compass Point upgraded Strawberry Fields REIT from “neutral” to “buy,” while analysts’ consensus remains “Moderate Buy” with an average price target of $15.62.
• Shares opened at $13.60, with a 12-month range of $11.01 to $14.75. The company’s latest quarterly results matched expectations at $0.16 EPS, while revenue of $40.05 million was slightly below consensus.
• Institutional interest increased during the second quarter, including a new position by BlackRock worth approximately $8.9 million, alongside purchases by Man Group, HSBC, Globeflex Capital and Deutsche Bank.

Strawberry Fields REIT (NYSEAMERICAN:STRW - Get Free Report) was upgraded by equities research analysts at Compass Point from a "neutral" rating to a "buy" rating in a report issued on Tuesday.

Several other equities research analysts have also weighed in on STRW. Piper Sandler set a $16.00 target price on Strawberry Fields REIT in a research report on Tuesday, August 11th. Alliance Global Partners reaffirmed a "buy" rating on shares of Strawberry Fields REIT in a report on Friday, May 8th. Cantor Fitzgerald increased their price target on shares of Strawberry Fields REIT from $15.00 to $16.00 and gave the company an "overweight" rating in a research note on Monday, August 10th. Zacks Research upgraded shares of Strawberry Fields REIT to a "hold" rating in a research note on Wednesday, April 22nd. Finally, B. Riley Financial reissued a "neutral" rating and set a $14.50 price objective (up from $13.50) on shares of Strawberry Fields REIT in a report on Wednesday, July 22nd. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Strawberry Fields REIT currently has an average rating of "Moderate Buy" and a consensus target price of $15.62.

Strawberry Fields REIT Price Performance

NYSEAMERICAN:STRW opened at $13.60 on Tuesday. The firm has a market capitalization of $192.58 million, a PE ratio of 20.92 and a beta of 0.41. The business's fifty day moving average price is $13.75 and its 200 day moving average price is $13.12. Strawberry Fields REIT has a 12 month low of $11.01 and a 12 month high of $14.75.

Strawberry Fields REIT (NYSEAMERICAN:STRW - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.16. The company had revenue of $40.05 million during the quarter, compared to the consensus estimate 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 anticipate that Strawberry Fields REIT will post 1.4 EPS for the current year.

Institutional Trading of Strawberry Fields REIT

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Man Group plc acquired a new stake in Strawberry Fields REIT during the 2nd quarter worth approximately $158,000. Hsbc Holdings PLC acquired a new position in shares of Strawberry Fields REIT in the second quarter valued at approximately $142,000. Globeflex Capital L P acquired a new position in shares of Strawberry Fields REIT in the second quarter valued at approximately $161,000. BlackRock Inc. purchased a new stake in shares of Strawberry Fields REIT during the second quarter worth approximately $8,944,000. Finally, Deutsche Bank AG purchased a new stake in shares of Strawberry Fields REIT during the second quarter worth approximately $111,000.

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.

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