Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) Stock Rated "Moderate Buy" by Wall Street Brokerages

Key Points

• Analyst sentiment is moderately bullish: Seven brokerages rate Strawberry Fields REIT a “Moderate Buy,” with four buy ratings and three holds. The average 12-month price target is $15.50, above the stock’s reported $13.10 price.
• Institutional interest increased: Several hedge funds initiated positions in the second quarter, including BlackRock, which purchased approximately $8.9 million worth of shares.
• The REIT offers a 5.2% dividend yield but has a high payout ratio: Its quarterly dividend is $0.17 per share, or $0.68 annually, while its payout ratio stands at 133.34%. The company’s latest quarterly EPS of $0.16 matched estimates, though revenue slightly missed expectations.

Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the seven brokerages that are currently covering the company, MarketBeat reports. Three research 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 issued ratings on the stock in the last year is $15.50.

A number of analysts have recently issued reports on the stock. Cantor Fitzgerald lifted their price objective on shares of Strawberry Fields REIT from $15.00 to $16.00 and gave the stock an "overweight" rating in a report on Monday, August 10th. Piper Sandler set a $16.00 target price on shares of Strawberry Fields REIT in a research report on Tuesday, August 11th. B. Riley Financial reissued a "neutral" rating and issued a $14.50 price target (up from $13.50) on shares of Strawberry Fields REIT in a research note on Wednesday, July 22nd. Compass Point upgraded shares of Strawberry Fields REIT from a "neutral" rating to a "buy" rating in a research report on Tuesday, August 18th. Finally, Huntington started coverage on Strawberry Fields REIT in a research note on Thursday, September 10th. They set a "market perform" rating and a $15.00 price objective on the stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Man Group plc bought a new position in shares of Strawberry Fields REIT during the second quarter valued at approximately $158,000. Hsbc Holdings PLC bought a new stake in shares of Strawberry Fields REIT during the 2nd quarter valued at about $142,000. Globeflex Capital L P purchased a new position in shares of Strawberry Fields REIT during the second quarter valued at about $161,000. BlackRock Inc. bought a new position in Strawberry Fields REIT in the second quarter worth about $8,944,000. Finally, Deutsche Bank AG bought a new position in Strawberry Fields REIT in the second quarter worth about $111,000.

Strawberry Fields REIT Stock Up 1.0%

NYSEAMERICAN:STRW opened at $13.10 on Wednesday. The business's 50-day moving average price is $13.72 and its two-hundred day moving average price is $13.31. Strawberry Fields REIT has a twelve month low of $11.11 and a twelve month high of $14.75. The stock has a market cap of $185.50 million, a P/E ratio of 20.15 and a beta of 0.41.

Strawberry Fields REIT (NYSEAMERICAN:STRW - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.16 EPS for the quarter, hitting the consensus estimate of $0.16. The company had revenue of $40.05 million during the quarter, compared to analyst estimates of $40.24 million. Strawberry Fields REIT had a return on equity of 17.25% and a net margin of 5.30%. On average, equities research analysts expect that Strawberry Fields REIT will post 1.4 EPS for the current fiscal year.

Strawberry Fields REIT Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th were issued a dividend of $0.17 per share. The ex-dividend date was Wednesday, September 16th. This represents a $0.68 annualized dividend and a yield of 5.2%. Strawberry Fields REIT's dividend payout ratio is currently 133.34%.

About Strawberry Fields REIT

Strawberry Fields REIT, Inc is a healthcare-focused real estate investment trust that owns and acquires properties used by healthcare providers. Its portfolio is centered primarily on skilled nursing facilities and other healthcare-related real estate.

The company generally leases its properties to healthcare operators, primarily under long-term, triple-net lease arrangements. Under these agreements, tenants typically operate the facilities and are responsible for many property-level expenses, while Strawberry Fields REIT receives rental income as the property owner.

Strawberry Fields REIT serves healthcare markets primarily in the Midwestern and Southern United States.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.