Shares of Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW - Get Free Report) have earned an average rating of "Moderate Buy" from the six analysts that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $13.6625.
Several research firms have issued reports on STRW. Cantor Fitzgerald reiterated an "overweight" rating and set a $15.00 price objective on shares of Strawberry Fields REIT in a research note on Monday, January 5th. Lake Street Capital reiterated a "buy" rating and set a $16.00 price objective on shares of Strawberry Fields REIT in a research note on Monday, February 23rd. Finally, Alliance Global Partners reiterated a "buy" rating on shares of Strawberry Fields REIT in a research note on Friday, February 20th.
Get Our Latest Stock Analysis on Strawberry Fields REIT
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the stock. Nisa Investment Advisors LLC raised its stake in Strawberry Fields REIT by 93.5% during the third quarter. Nisa Investment Advisors LLC now owns 2,020 shares of the company's stock worth $25,000 after acquiring an additional 976 shares in the last quarter. Wexford Capital LP acquired a new stake in shares of Strawberry Fields REIT in the third quarter valued at $44,000. Bank of America Corp DE increased its stake in shares of Strawberry Fields REIT by 52.9% in 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Strawberry Fields REIT by 58.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,431 shares of the company's stock valued at $65,000 after buying an additional 2,011 shares in the last quarter. Finally, Copeland Capital Management LLC acquired a new stake in shares of Strawberry Fields REIT in the third quarter valued at $77,000.
Strawberry Fields REIT Trading Up 0.3%
Shares of NYSEAMERICAN STRW opened at $13.22 on Tuesday. The business has a fifty day simple moving average of $12.69 and a 200 day simple moving average of $12.56. The firm has a market capitalization of $177.15 million, a price-to-earnings ratio of 21.67 and a beta of 0.46. Strawberry Fields REIT has a one year low of $9.46 and a one year high of $14.00.
Strawberry Fields REIT (NYSEAMERICAN:STRW - Get Free Report) last issued its earnings results on Thursday, February 19th. The company reported $0.16 EPS for the quarter, missing analysts' consensus estimates of $0.33 by ($0.17). The firm had revenue of $40.10 million during the quarter, compared to analyst estimates of $40.30 million. Strawberry Fields REIT had a net margin of 4.89% and a return on equity of 11.35%. On average, research analysts anticipate that Strawberry Fields REIT will post 1.12 earnings per share for the current fiscal year.
Strawberry Fields REIT Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th were paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 4.8%. The ex-dividend date was Tuesday, March 17th. Strawberry Fields REIT's dividend payout ratio is currently 125.49%.
Strawberry Fields REIT Company Profile
(
Get Free Report)
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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