Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) Short Interest Up 50.3% in July

Key Points

• Short interest surged 50.3% to 179,324 shares by July 31, representing approximately 1.6% of STRW’s outstanding shares and 3.3 days to cover.
• STRW traded at $13.93, near its 52-week high, while quarterly EPS of $0.16 matched estimates and revenue of $40.05 million came in slightly below expectations.
• The company declared a quarterly dividend of $0.17 per share, implying a 4.9% annualized yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $15.62.

Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW - Get Free Report) was the recipient of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 179,324 shares, a growth of 50.3% from the July 15th total of 119,331 shares. Approximately 1.6% of the shares of the company are short sold. Based on an average daily volume of 54,059 shares, the days-to-cover ratio is currently 3.3 days.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of STRW. Barclays PLC increased its holdings in shares of Strawberry Fields REIT by 14.3% in the fourth quarter. Barclays PLC now owns 11,936 shares of the company's stock worth $156,000 after purchasing an additional 1,489 shares during the period. Bank of America Corp DE boosted its stake 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. Ameriprise Financial Inc. grew its position in Strawberry Fields REIT by 2.0% during the second quarter. Ameriprise Financial Inc. now owns 87,693 shares of the company's stock worth $924,000 after buying an additional 1,757 shares in the last quarter. 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, Rhumbline Advisers increased its stake in Strawberry Fields REIT by 39.5% in the 1st quarter. Rhumbline Advisers now owns 7,412 shares of the company's stock worth $88,000 after acquiring an additional 2,098 shares during the last quarter.

Strawberry Fields REIT Price Performance

STRW stock traded up $0.33 during mid-day trading on Tuesday, reaching $13.93. 10,004 shares of the company traded hands, compared to its average volume of 30,355. The company has a market capitalization of $197.25 million, a P/E ratio of 21.43 and a beta of 0.41. Strawberry Fields REIT has a 52-week low of $11.11 and a 52-week high of $14.75. The company has a fifty day moving average price of $13.75 and a 200-day moving average price of $13.12.

Strawberry Fields REIT (NYSEAMERICAN:STRW - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.16. Strawberry Fields REIT had a net margin of 5.30% and a return on equity of 17.25%. The firm had revenue of $40.05 million for the quarter, compared to the consensus estimate of $40.24 million. As a group, analysts forecast that Strawberry Fields REIT will post 1.4 EPS for the current year.

Strawberry Fields REIT Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date of this dividend is Wednesday, September 16th. Strawberry Fields REIT's dividend payout ratio is 133.34%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Alliance Global Partners reiterated a "buy" rating on shares of Strawberry Fields REIT in a research note on Friday, May 8th. Compass Point raised shares of Strawberry Fields REIT from a "neutral" rating to a "buy" rating in a report on Tuesday. Piper Sandler set a $16.00 price objective on shares of Strawberry Fields REIT in a report on Tuesday, August 11th. B. Riley Financial reiterated 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 boosted their target price on shares of Strawberry Fields REIT from $15.00 to $16.00 and gave the company an "overweight" rating in a report on Monday, August 10th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Strawberry Fields REIT presently has a consensus rating of "Moderate Buy" and a consensus target price of $15.62.

About Strawberry Fields REIT

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source