Strawberry Fields REIT (NYSEAMERICAN:STRW) Releases Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Key Points

• Strawberry Fields REIT reported quarterly EPS of $0.17, topping the $0.15 consensus estimate by $0.02, though revenue of $39.98 million came in slightly below expectations.
• The company also raised its quarterly dividend to $0.17 per share from $0.16, implying an annualized yield of about 5.3%.
• Despite the earnings beat, the stock was down about 1% in midday trading, and analysts currently rate it a Moderate Buy with a consensus target price of $13.63.

Strawberry Fields REIT (NYSEAMERICAN:STRW - Get Free Report) announced its quarterly earnings results on Friday. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.02, FiscalAI reports. Strawberry Fields REIT had a net margin of 4.89% and a return on equity of 11.35%. The firm had revenue of $39.98 million for the quarter, compared to analysts' expectations of $40.28 million.

Strawberry Fields REIT Trading Down 1.0%

STRW traded down $0.13 during mid-day trading on Friday, hitting $12.82. 24,876 shares of the stock were exchanged, compared to its average volume of 26,737. The firm's fifty 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. The company has a market cap of $171.53 million, a PE ratio of 21.02 and a beta of 0.43.

Strawberry Fields REIT Increases Dividend

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

Institutional Trading of Strawberry Fields REIT

Hedge funds have recently modified their holdings of the stock. Wexford Capital LP acquired a new position in Strawberry Fields REIT during the 3rd quarter worth $44,000. Bank of America Corp DE boosted its stake in shares of Strawberry Fields REIT by 52.9% in the 4th 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. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of 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. Rhumbline Advisers increased its stake in shares of Strawberry Fields REIT by 39.5% during the first quarter. Rhumbline Advisers now owns 7,412 shares of the company's stock worth $88,000 after buying an additional 2,098 shares during the period. Finally, Cubist Systematic Strategies LLC acquired a new stake in Strawberry Fields REIT in the first quarter valued at approximately $121,000.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Lake Street Capital reaffirmed a "buy" rating and set a $16.00 target price on shares of Strawberry Fields REIT in a research note on Monday, February 23rd. Alliance Global Partners reaffirmed a "buy" rating on shares of Strawberry Fields REIT in a research report on Friday. Zacks Research upgraded Strawberry Fields REIT to a "hold" rating in a report on Wednesday, April 22nd. Finally, B. Riley Financial started coverage on Strawberry Fields REIT in a research note on Tuesday, April 21st. They set a "neutral" rating and a $13.50 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Strawberry Fields REIT currently has an average rating of "Moderate Buy" and a consensus target price of $13.63.

More Strawberry Fields REIT News

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.

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