Strawberry Fields REIT (NYSEAMERICAN:STRW) Shares Down 3.9% - Here's What Happened

Key Points

• Strawberry Fields REIT shares fell 3.9% to $12.97 in Monday trading, with volume slightly below its average.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and an average price target of $15.50, implying upside from the current price.
• The REIT reported quarterly EPS of $0.16, matching estimates, and maintains a quarterly dividend of $0.17, equivalent to a 5.2% annualized yield.

Shares of Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW - Get Free Report) traded down 3.9% during trading on Monday. The company traded as low as $12.86 and last traded at $12.97. Approximately 41,428 shares were traded during mid-day trading, a decline of 9% from the average daily volume of 45,665 shares. The stock had previously closed at $13.50.

Analyst Ratings Changes

STRW has been the subject of a number of research reports. Compass Point upgraded Strawberry Fields REIT from a "neutral" rating to a "buy" rating in a report on Tuesday, August 18th. Piper Sandler set a $16.00 target price on Strawberry Fields REIT in a report on Tuesday, August 11th. Huntington began coverage on Strawberry Fields REIT in a research note on Thursday, September 10th. They set a "market perform" rating and a $15.00 price target on the stock. B. Riley Financial reaffirmed a "neutral" rating and issued a $14.50 price objective (up from $13.50) on shares of Strawberry Fields REIT in a research note on Wednesday, July 22nd. Finally, Cantor Fitzgerald increased their target price 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. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $15.50.

Strawberry Fields REIT Stock Performance

The firm has a market capitalization of $183.66 million, a PE ratio of 19.95 and a beta of 0.41. The stock has a fifty day moving average price of $13.75 and a 200-day moving average price of $13.31.

Strawberry Fields REIT (NYSEAMERICAN:STRW - Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.16. The company had revenue of $40.05 million for 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%. Research analysts expect that Strawberry Fields REIT, Inc. will post 1.4 earnings per share for the current fiscal year.

Strawberry Fields REIT Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 5.2%. The ex-dividend date was Wednesday, September 16th. Strawberry Fields REIT's dividend payout ratio (DPR) is 133.34%.

Institutional Trading of Strawberry Fields REIT

Several hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. purchased a new position in Strawberry Fields REIT during the 2nd quarter worth $8,944,000. Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in Strawberry Fields REIT in the second quarter worth about $4,794,000. Lazard Asset Management LLC boosted its holdings in Strawberry Fields REIT by 181.1% in the first quarter. Lazard Asset Management LLC now owns 55,418 shares of the company's stock worth $659,000 after acquiring an additional 35,705 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Strawberry Fields REIT by 25.5% during the first quarter. Dimensional Fund Advisors LP now owns 38,139 shares of the company's stock worth $454,000 after acquiring an additional 7,757 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Strawberry Fields REIT during the second quarter worth about $243,000.

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.

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