Strawberry Fields REIT, Inc. to Issue Quarterly Dividend of $0.16 (NYSEAMERICAN:STRW)

Key Points

• Strawberry Fields REIT, Inc. declared a quarterly dividend of $0.16 per share, with stockholders of record set to receive payment on September 30th.
• The company has a \textbf{107.7% payout ratio}, indicating it cannot cover its dividends with earnings alone, relying on its balance sheet.
• Strawberry Fields REIT operates 109 healthcare facilities across several states, focusing on skilled nursing and healthcare-related properties.

Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW - Get Free Report) announced a quarterly dividend on Thursday, August 7th. Stockholders of record on Tuesday, September 16th will be paid a dividend of 0.16 per share on Tuesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date is Tuesday, September 16th.

Strawberry Fields REIT has a dividend payout ratio of 107.7% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Strawberry Fields REIT to earn $1.26 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 44.4%.

Strawberry Fields REIT Stock Performance

Shares of STRW traded down $0.20 during trading hours on Friday, hitting $12.48. 28,260 shares of the stock were exchanged, compared to its average volume of 59,346. The stock's 50-day moving average price is $11.12 and its two-hundred day moving average price is $10.98. Strawberry Fields REIT has a 12-month low of $8.70 and a 12-month high of $12.90. The company has a market cap of $162.12 million, a price-to-earnings ratio of 20.80, a price-to-earnings-growth ratio of 1.21 and a beta of 0.39.

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.