Strawberry Fields REIT (NYSEAMERICAN:STRW) Shares Down 3.9% – Time to Sell?

Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) shares traded down 3.9% on Monday. The company traded as low as $12.86 and last traded at $12.97. 41,428 shares traded hands during trading, a decline of 9% from the average session volume of 45,665 shares. The stock had previously closed at $13.50.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Huntington began coverage on shares of Strawberry Fields REIT in a report on Thursday, September 10th. They issued a “market perform” rating and a $15.00 price objective on the stock. Cantor Fitzgerald lifted their target price on shares of Strawberry Fields REIT from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Monday, August 10th. B. Riley Financial reissued a “neutral” rating and issued a $14.50 price target (up from $13.50) on shares of Strawberry Fields REIT in a research note on Wednesday, July 22nd. Piper Sandler set a $16.00 price target on Strawberry Fields REIT in a research report on Tuesday, August 11th. Finally, Compass Point upgraded Strawberry Fields REIT from a “neutral” rating to a “buy” rating in a research report on Tuesday, August 18th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $15.50.

Strawberry Fields REIT Stock Performance

The firm has a fifty day moving average price of $13.72 and a 200 day moving average price of $13.31. The company has a market cap of $185.45 million, a price-to-earnings ratio of 20.22 and a beta of 0.41.

Strawberry Fields REIT (NYSEAMERICAN:STRW) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.16 EPS for the quarter, hitting analysts’ consensus estimates of $0.16. Strawberry Fields REIT had a return on equity of 17.25% and a net margin of 5.30%.The business had revenue of $40.05 million during the quarter, compared to analysts’ expectations of $40.24 million. On average, analysts expect that Strawberry Fields REIT, Inc. will post 1.4 EPS for the current fiscal year.

Strawberry Fields REIT Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Wednesday, September 16th. This represents a $0.68 annualized dividend and a yield of 5.2%. Strawberry Fields REIT’s dividend payout ratio (DPR) is currently 133.34%.

Hedge Funds Weigh In On Strawberry Fields REIT

Institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. bought a new stake in shares of Strawberry Fields REIT during the 2nd quarter worth about $8,944,000. Diamond Hill Capital Management LLC Investment Advisor acquired a new position in Strawberry Fields REIT in the 2nd quarter valued at about $4,794,000. Lazard Asset Management LLC raised its holdings in Strawberry Fields REIT by 181.1% in the 1st quarter. Lazard Asset Management LLC now owns 55,418 shares of the company’s stock valued at $659,000 after acquiring an additional 35,705 shares during the period. Man Group plc bought a new position in Strawberry Fields REIT in the 2nd quarter valued at about $158,000. Finally, Hsbc Holdings PLC bought a new position in Strawberry Fields REIT in the 2nd quarter valued at about $142,000.

Strawberry Fields REIT Company Profile

Strawberry Fields REIT, Inc is a healthcare-focused real estate investment trust that owns and acquires properties used by healthcare providers. Its portfolio is centered primarily on skilled nursing facilities and other healthcare-related real estate.

The company generally leases its properties to healthcare operators, primarily under long-term, triple-net lease arrangements. Under these agreements, tenants typically operate the facilities and are responsible for many property-level expenses, while Strawberry Fields REIT receives rental income as the property owner.

Strawberry Fields REIT serves healthcare markets primarily in the Midwestern and Southern United States.