Strawberry Fields REIT (NYSEAMERICAN:STRW) Stock Rating Upgraded by Zacks Research

Key Points

• Upgraded to a "hold" by Zacks Research, Strawberry Fields REIT also has mixed analyst coverage (1 Strong Buy, 3 Buy, 3 Hold) and an overall consensus rating of “Moderate Buy” with an average price target of $13.63.
• The company missed quarterly expectations, reporting $0.16 EPS vs. $0.33 expected and revenue of $40.10M versus $40.30M analyst estimates.
• Shares trade around $12.45 with a market cap of $166.6M and a P/E of 20.41, and the REIT owns and operates 109 healthcare facilities (99 skilled nursing, eight assisted living, two LTAC hospitals).

Strawberry Fields REIT (NYSEAMERICAN:STRW - Get Free Report) was upgraded by investment analysts at Zacks Research to a "hold" rating in a report released on Wednesday,Zacks.com reports.

Other equities analysts also recently issued research reports about the stock. Cantor Fitzgerald reiterated an "overweight" rating and issued a $15.00 price target on shares of Strawberry Fields REIT in a report on Monday, January 5th. B. Riley Financial initiated coverage on shares of Strawberry Fields REIT in a report on Tuesday. They issued a "neutral" rating and a $13.50 price objective on the stock. Lake Street Capital reiterated a "buy" rating and issued a $16.00 price objective on shares of Strawberry Fields REIT in a research note on Monday, February 23rd. Finally, Alliance Global Partners reissued a "buy" rating on shares of Strawberry Fields REIT in a report on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $13.63.

Strawberry Fields REIT Stock Performance

Shares of STRW opened at $12.45 on Wednesday. The stock has a 50-day moving average of $12.65 and a two-hundred day moving average of $12.58. The stock has a market cap of $166.58 million, a P/E ratio of 20.41 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 announced its quarterly earnings data on Thursday, February 19th. The company reported $0.16 earnings per share for the quarter, missing analysts' consensus estimates of $0.33 by ($0.17). Strawberry Fields REIT had a net margin of 4.89% and a return on equity of 11.35%. The firm had revenue of $40.10 million during the quarter, compared to analyst estimates of $40.30 million. Analysts predict that Strawberry Fields REIT will post 1.41 EPS for the current fiscal year.

Institutional Investors Weigh In On Strawberry Fields REIT

Hedge funds have recently bought and sold shares of the stock. Nisa Investment Advisors LLC grew its stake in shares of Strawberry Fields REIT by 93.5% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,020 shares of the company's stock worth $25,000 after purchasing an additional 976 shares during the period. Barclays PLC lifted its stake in shares of Strawberry Fields REIT by 14.3% in the 4th quarter. Barclays PLC now owns 11,936 shares of the company's stock valued at $156,000 after purchasing an additional 1,489 shares during the period. Bank of America Corp DE boosted its holdings 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 worth $50,000 after buying an additional 1,634 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings 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. Finally, 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 valued at $65,000 after buying an additional 2,011 shares during the period.

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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