Strawberry Fields REIT (NYSEAMERICAN:STRW) Price Target Raised to $16.00

Key Points

• Cantor Fitzgerald raised Strawberry Fields REIT’s price target to $16 from $15 and maintained an “overweight” rating, implying approximately 12.9% upside. Analysts collectively give the stock a “Moderate Buy” rating with a consensus target of $15.50.
• Strawberry Fields REIT reported quarterly EPS of $0.16, matching estimates, while revenue of $40.05 million slightly missed the $40.24 million consensus. The stock opened at $14.17 and remains near its 12-month high of $14.75.
• The REIT owns and leases 109 healthcare facilities totaling 12,449 beds across nine states, primarily skilled nursing facilities, along with assisted living facilities and long-term acute care hospitals.

Strawberry Fields REIT (NYSEAMERICAN:STRW - Get Free Report) had its price objective increased by research analysts at Cantor Fitzgerald from $15.00 to $16.00 in a research note issued on Monday,Benzinga reports. The firm presently has an "overweight" rating on the stock. Cantor Fitzgerald's price target points to a potential upside of 12.91% from the company's current price.

A number of other equities research analysts also recently issued reports on the stock. Alliance Global Partners reissued a "buy" rating on shares of Strawberry Fields REIT in a research report on Friday, May 8th. B. Riley Financial reissued a "neutral" rating and issued a $14.50 target price (up from $13.50) on shares of Strawberry Fields REIT in a report on Wednesday, July 22nd. Finally, Zacks Research raised shares of Strawberry Fields REIT to a "hold" rating in a research note on Wednesday, April 22nd. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $15.50.

Strawberry Fields REIT Price Performance

STRW stock opened at $14.17 on Monday. Strawberry Fields REIT has a twelve month low of $10.08 and a twelve month high of $14.75. The business has a 50 day moving average of $13.66 and a 200 day moving average of $13.10. The firm has a market cap of $200.65 million, a PE ratio of 21.80 and a beta of 0.41.

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, meeting analysts' consensus estimates of $0.16. The firm had revenue of $40.05 million for the quarter, compared to the consensus estimate of $40.24 million. Strawberry Fields REIT had a net margin of 5.30% and a return on equity of 17.25%. On average, research analysts expect that Strawberry Fields REIT will post 1.4 earnings per share for the current fiscal year.

Institutional Trading of Strawberry Fields REIT

Large investors have recently added to or reduced their stakes in the company. Wexford Capital LP bought a new position in shares of Strawberry Fields REIT during the 3rd quarter valued at approximately $44,000. Bank of America Corp DE increased its position in 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 worth $50,000 after purchasing an additional 1,634 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in 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 worth $65,000 after purchasing an additional 2,011 shares during the last quarter. Rhumbline Advisers raised its stake in Strawberry Fields REIT by 39.5% during the first quarter. Rhumbline Advisers now owns 7,412 shares of the company's stock valued at $88,000 after purchasing an additional 2,098 shares in the last quarter. Finally, Deutsche Bank AG purchased a new stake in Strawberry Fields REIT during the second quarter valued at $111,000.

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.

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