Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) Given Average Rating of "Moderate Buy" by Brokerages

Key Points

• Strawberry Fields REIT has a “Moderate Buy” consensus rating from seven analysts, with four buys and three holds. The average 12-month price target is $15.50, above the reported share price of $13.82.
• Recent institutional activity was largely positive, with investors including Bank of America, Mirae Asset, and RhumbLine Advisers increasing their positions, while Wexford Capital and Deutsche Bank initiated new stakes.
• The company reported quarterly EPS of $0.16, in line with estimates, and revenue of $40.05 million. It declared a quarterly dividend of $0.17, or $0.68 annualized, representing a 4.9% yield.

Shares of Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW - Get Free Report) have earned a consensus rating of "Moderate Buy" from the seven research firms that are presently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $15.50.

Several research analysts have commented on STRW shares. Piper Sandler set a $16.00 price objective on shares of Strawberry Fields REIT in a report on Tuesday, August 11th. Compass Point raised Strawberry Fields REIT from a "neutral" rating to a "buy" rating in a report on Tuesday, August 18th. B. Riley Financial reiterated a "neutral" rating and issued a $14.50 target price (up from $13.50) on shares of Strawberry Fields REIT in a research report on Wednesday, July 22nd. Cantor Fitzgerald increased their price target on Strawberry Fields REIT from $15.00 to $16.00 and gave the company an "overweight" rating in a research note on Monday, August 10th. Finally, Huntington began coverage on Strawberry Fields REIT in a report on Thursday. They set a "market perform" rating and a $15.00 price target for the company.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Wexford Capital LP purchased a new position in Strawberry Fields REIT during the 3rd quarter valued at $44,000. Bank of America Corp DE increased its stake in Strawberry Fields REIT by 52.9% in the fourth quarter. Bank of America Corp DE now owns 4,725 shares of the company's stock worth $50,000 after purchasing an additional 1,634 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Strawberry Fields REIT by 58.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,431 shares of the company's stock worth $65,000 after purchasing an additional 2,011 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of Strawberry Fields REIT by 39.5% during the first quarter. Rhumbline Advisers now owns 7,412 shares of the company's stock valued at $88,000 after purchasing an additional 2,098 shares during the period. Finally, Deutsche Bank AG bought a new position in shares of Strawberry Fields REIT in the second quarter worth about $111,000.

Strawberry Fields REIT Price Performance

Shares of STRW opened at $13.82 on Friday. Strawberry Fields REIT has a 1 year low of $11.11 and a 1 year high of $14.75. The company has a 50 day simple moving average of $13.87 and a two-hundred day simple moving average of $13.23. The firm has a market cap of $195.69 million, a P/E ratio of 21.26 and a beta of 0.40.

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

Strawberry Fields REIT Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be given a $0.17 dividend. The ex-dividend date is Wednesday, September 16th. This represents a $0.68 dividend on an annualized basis and a yield of 4.9%. Strawberry Fields REIT's dividend payout ratio (DPR) is currently 133.34%.

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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