BlackRock Inc. Purchases Shares of 650,466 Strawberry Fields REIT, Inc. $STRW

Key Points

• BlackRock acquired 650,466 shares of Strawberry Fields REIT in the second quarter, worth approximately $8.94 million and representing a 4.84% stake. Several other institutional investors also increased or initiated positions.
• Analyst sentiment is favorable, with four Buy ratings and two Holds giving the stock a consensus “Moderate Buy” rating and an average price target of $15.62.
• Strawberry Fields REIT reported quarterly earnings of $0.16 per share, matching estimates, and declared a quarterly dividend of $0.17, equivalent to a 5.0% annualized yield.

BlackRock Inc. acquired a new position in shares of Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 650,466 shares of the company's stock, valued at approximately $8,944,000. BlackRock Inc. owned 4.84% of Strawberry Fields REIT at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Diamond Hill Capital Management LLC Investment Advisor bought a new stake in Strawberry Fields REIT in the 2nd quarter valued at about $4,794,000. Lazard Asset Management LLC raised its position in shares of Strawberry Fields REIT by 181.1% in the first quarter. Lazard Asset Management LLC now owns 55,418 shares of the company's stock valued at $659,000 after buying an additional 35,705 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Strawberry Fields REIT by 25.5% in the first quarter. Dimensional Fund Advisors LP now owns 38,139 shares of the company's stock valued at $454,000 after buying an additional 7,757 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in 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 buying an additional 2,011 shares in the last quarter. Finally, Bank of America Corp DE grew its position in Strawberry Fields REIT by 52.9% during the fourth quarter. Bank of America Corp DE now owns 4,725 shares of the company's stock worth $50,000 after buying an additional 1,634 shares in the last quarter.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on STRW. Compass Point upgraded shares of Strawberry Fields REIT from a "neutral" rating to a "buy" rating in a research note on Tuesday, August 18th. Piper Sandler set a $16.00 price target on shares of Strawberry Fields REIT in a report on Tuesday, August 11th. B. Riley Financial reiterated a "neutral" rating and set a $14.50 price target (up from $13.50) on shares of Strawberry Fields REIT in a research report on Wednesday, July 22nd. Cantor Fitzgerald raised their target price on Strawberry Fields REIT from $15.00 to $16.00 and gave the company an "overweight" rating in a report on Monday, August 10th. Finally, Alliance Global Partners restated a "buy" rating on shares of Strawberry Fields REIT in a research report on Friday, May 8th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, Strawberry Fields REIT presently has a consensus rating of "Moderate Buy" and a consensus target price of $15.62.

Strawberry Fields REIT Trading Down 0.6%

Shares of STRW opened at $13.62 on Friday. The stock has a 50 day moving average of $13.86 and a 200 day moving average of $13.19. The company has a market capitalization of $192.86 million, a price-to-earnings ratio of 20.95 and a beta of 0.40. Strawberry Fields REIT, Inc. 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 posted its quarterly earnings results on Thursday, August 6th. The company reported $0.16 earnings per share for the quarter, meeting the consensus estimate of $0.16. Strawberry Fields REIT had a net margin of 5.30% and a return on equity of 17.25%. The company had revenue of $40.05 million during the quarter, compared to analyst estimates of $40.24 million. As a group, equities research analysts predict that Strawberry Fields REIT, Inc. will post 1.4 earnings per share for the current year.

Strawberry Fields REIT Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be paid a $0.17 dividend. The ex-dividend date is Wednesday, September 16th. This represents a $0.68 annualized dividend and a dividend yield of 5.0%. Strawberry Fields REIT's dividend payout ratio (DPR) is presently 133.34%.

Strawberry Fields REIT 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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