Strawberry Fields REIT (NYSEAMERICAN:STRW) Trading Down 4.5% - Here's Why

Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW - Get Free Report) shares dropped 4.5% during mid-day trading on Tuesday . The company traded as low as $11.35 and last traded at $11.35. Approximately 40,786 shares changed hands during mid-day trading, an increase of 30% from the average daily volume of 31,382 shares. The stock had previously closed at $11.89.

Strawberry Fields REIT Price Performance

The firm has a market cap of $147.44 million, a P/E ratio of 18.92, a PEG ratio of 1.11 and a beta of 0.41. The stock's 50-day simple moving average is $11.59 and its two-hundred day simple moving average is $10.96.

Strawberry Fields REIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th were given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 5.6%. The ex-dividend date of this dividend was Tuesday, September 16th. Strawberry Fields REIT's dividend payout ratio is 125.49%.

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.

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