Strawberry Fields REIT, Inc. (STRW) - What Are Brokerages Saying About This Stock?

Key Points

• Analysts rate Strawberry Fields REIT a “Moderate Buy.” Four of seven covering firms recommend buying the stock, while three rate it a hold; the average 12-month price target is $15.50.
• STRW recently traded at $12.69, below its analyst target range of $14.50–$16.00. The company reported quarterly EPS of $0.16, matching expectations, on revenue of $40.05 million.
• The healthcare REIT declared a quarterly dividend of $0.17, equivalent to an annualized $0.68 payout and a 5.4% yield. Major institutions, including BlackRock and Diamond Hill, recently initiated positions in the company.

Shares of Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the seven research firms that are currently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $15.50.

A number of research analysts have weighed in on STRW shares. Cantor Fitzgerald raised 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. Huntington assumed 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. Piper Sandler set a $16.00 price objective on Strawberry Fields REIT in a report on Tuesday, August 11th. B. Riley Financial reissued a "neutral" rating and issued a $14.50 price objective (up from $13.50) on shares of Strawberry Fields REIT in a report on Wednesday, July 22nd. Finally, Compass Point raised shares of Strawberry Fields REIT from a "neutral" rating to a "buy" rating in a research note on Tuesday, August 18th.

Strawberry Fields REIT Price Performance

Strawberry Fields REIT stock opened at $12.69 on Friday. The company has a market cap of $179.69 million, a price-to-earnings ratio of 19.52 and a beta of 0.41. The firm has a 50-day moving average of $13.29 and a 200-day moving average of $13.18. Strawberry Fields REIT has a one year low of $11.12 and a one year high of $14.75.

Strawberry Fields REIT (NYSEAMERICAN:STRW - Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.16. Strawberry Fields REIT had a return on equity of 17.25% and a net margin of 5.30%. The business had revenue of $40.05 million for the quarter, compared to the consensus estimate of $40.24 million. As a group, sell-side analysts expect that Strawberry Fields REIT will post 1.40 earnings per share for the current year.

Strawberry Fields REIT Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th were paid a $0.17 dividend. The ex-dividend date was Wednesday, September 16th. This represents a $0.68 dividend on an annualized basis and a yield of 5.4%. Strawberry Fields REIT's dividend payout ratio (DPR) is currently 133.34%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of STRW. BlackRock Inc. acquired a new stake in Strawberry Fields REIT in the 2nd quarter valued at about $8,944,000. Diamond Hill Capital Management LLC Investment Advisor bought a new position in Strawberry Fields REIT during the second quarter worth about $4,794,000. Lazard Asset Management LLC grew its holdings in Strawberry Fields REIT by 181.1% during the first quarter. Lazard Asset Management LLC now owns 55,418 shares of the company's stock worth $659,000 after purchasing an additional 35,705 shares during the period. Bank of New York Mellon Corp acquired a new position in Strawberry Fields REIT during the second quarter worth approximately $243,000. Finally, Sumitomo Mitsui Trust Group Inc. acquired a new position in Strawberry Fields REIT during the third quarter worth approximately $189,000.

Strawberry Fields REIT Company Profile

Strawberry Fields REIT, Inc is a healthcare real estate investment trust that owns and manages properties used primarily by skilled nursing and other long-term care operators. The company generates revenue mainly by leasing its healthcare facilities to tenants under long-term, generally triple-net lease agreements, under which tenants are typically responsible for property operating expenses, maintenance and taxes.

The company's portfolio is focused on healthcare properties in the United States, with an emphasis on skilled nursing facilities and related senior-care real estate.

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