Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) Plans Quarterly Dividend of $0.16

Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) announced a quarterly dividend on Thursday, February 26th. Shareholders of record on Tuesday, March 17th will be given a dividend of 0.16 per share on Tuesday, March 31st. This represents a c) annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend is Tuesday, March 17th.

Strawberry Fields REIT has a payout ratio of 107.7% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Strawberry Fields REIT to earn $1.26 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 44.4%.

Strawberry Fields REIT Price Performance

Shares of STRW stock opened at $12.88 on Friday. The firm has a market cap of $168.99 million, a P/E ratio of 21.11 and a beta of 0.38. Strawberry Fields REIT has a 1-year low of $8.70 and a 1-year high of $14.00. The firm’s 50-day simple moving average is $12.98 and its 200-day simple moving average is $12.49.

Strawberry Fields REIT (NYSEAMERICAN:STRW) last released its earnings results on Thursday, February 19th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.17). The company had revenue of $40.10 million during the quarter, compared to analysts’ expectations of $40.30 million. Strawberry Fields REIT had a net margin of 4.89% and a return on equity of 10.50%. Analysts expect that Strawberry Fields REIT will post 1.12 earnings per share for the current fiscal year.

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.