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

Key Points

• Analyst sentiment is positive: Strawberry Fields REIT has a consensus rating of “Moderate Buy” from seven analysts, with an average price target of $13.63. Recent calls include buy ratings from Lake Street Capital and Alliance Global Partners, while B. Riley started coverage with a neutral rating.
• Recent results topped earnings expectations: The company reported quarterly EPS of $0.17, beating the $0.15 estimate, though revenue came in slightly below expectations at $39.98 million. Management also highlighted strong rent collection and year-over-year improvement in net income and rental income.
• The dividend was raised: Strawberry Fields REIT increased its quarterly dividend to $0.17 per share from $0.16, implying an annualized payout of $0.68 and a 5.3% yield. The company also disclosed plans for a potential $300 million credit facility to support refinancing and future acquisitions.

Shares of Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW - Get Free Report) have received an average rating of "Moderate Buy" from the seven research firms that are currently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $13.63.

STRW has been the subject of a number of recent analyst reports. Lake Street Capital reiterated a "buy" rating and issued a $16.00 target price on shares of Strawberry Fields REIT in a research note on Monday, February 23rd. B. Riley Financial began coverage on shares of Strawberry Fields REIT in a report on Tuesday, April 21st. They issued a "neutral" rating and a $13.50 price target for the company. Alliance Global Partners reiterated a "buy" rating on shares of Strawberry Fields REIT in a research note on Friday. Finally, Zacks Research raised shares of Strawberry Fields REIT to a "hold" rating in a report on Wednesday, April 22nd.

Strawberry Fields REIT Price Performance

Shares of Strawberry Fields REIT stock opened at $12.82 on Friday. The stock has a market cap of $171.53 million, a price-to-earnings ratio of 21.02 and a beta of 0.43. The firm's 50-day moving average is $12.63 and its two-hundred day moving average is $12.64. Strawberry Fields REIT has a 1 year low of $9.46 and a 1 year high of $14.00.

Strawberry Fields REIT (NYSEAMERICAN:STRW - Get Free Report) last issued its quarterly earnings data on Friday, May 8th. The company reported $0.17 earnings per share for the quarter, topping analysts' consensus estimates of $0.15 by $0.02. Strawberry Fields REIT had a return on equity of 11.35% and a net margin of 4.89%.The firm had revenue of $39.98 million during the quarter, compared to analysts' expectations of $40.28 million. On average, equities analysts expect that Strawberry Fields REIT will post 1.41 earnings per share for the current year.

Strawberry Fields REIT Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be paid a $0.17 dividend. The ex-dividend date is Tuesday, June 16th. This is an increase from Strawberry Fields REIT's previous quarterly dividend of $0.16. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.3%. Strawberry Fields REIT's dividend payout ratio (DPR) is currently 125.49%.

Institutional Trading of Strawberry Fields REIT

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. 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 valued at $50,000 after buying an additional 1,634 shares during the period. Cubist Systematic Strategies LLC purchased a new stake in shares of Strawberry Fields REIT during the 1st quarter worth about $121,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Strawberry Fields REIT by 58.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,431 shares of the company's stock worth $65,000 after acquiring an additional 2,011 shares in the last quarter. Jones Financial Companies Lllp acquired a new stake in shares of Strawberry Fields REIT during the 1st quarter valued at about $984,000. Finally, Goldman Sachs Group Inc. grew its position in shares of Strawberry Fields REIT by 14.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 17,182 shares of the company's stock valued at $205,000 after acquiring an additional 2,104 shares during the period.

Key Stories Impacting Strawberry Fields REIT

Here are the key news stories impacting Strawberry Fields REIT this week:

• Positive Sentiment: Strawberry Fields REIT reported first-quarter EPS of $0.17, ahead of the $0.15 consensus, while net income rose year over year and rental income increased 7.1%. Article Title
• Positive Sentiment: The company said it collected 100% of contractual rents and signed a term sheet for up to a $300 million corporate credit facility, which should help refinance debt and fund future acquisitions. Article Title
• Positive Sentiment: Management also announced a quarterly cash dividend of $0.17 per share, up 6.3% from the prior quarter, signaling confidence in cash flow and shareholder returns. Article Title
• Neutral Sentiment: Q1 FFO came in at $0.38 per share, which missed estimates by $0.01, and revenue of $39.98 million was slightly below consensus. Article Title
• Negative Sentiment: General and administrative expenses rose 22.6% year over year, which may raise some concerns about cost pressure even as operations improved.

Strawberry Fields REIT Company 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.

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.