Strawberry Fields REIT, Inc. (STRW) – What Are Investment Firms Thinking About This Stock?

Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) has been given an average rating of “Moderate Buy” by the seven brokerages that are covering the company, MarketBeat reports. Three analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $15.50.

STRW has been the topic of several recent analyst reports. Huntington started coverage on Strawberry Fields REIT in a report on Thursday, September 10th. They issued a “market perform” rating and a $15.00 target price on the stock. B. Riley Financial reaffirmed a “neutral” rating and set a $14.50 price objective (up from $13.50) on shares of Strawberry Fields REIT in a report on Wednesday, July 22nd. Cantor Fitzgerald upped their target price on Strawberry Fields REIT from $15.00 to $16.00 and gave the company an “overweight” rating in a research report on Monday, August 10th. Compass Point upgraded shares of Strawberry Fields REIT from a “neutral” rating to a “buy” rating in a research note on Tuesday, August 18th. Finally, Piper Sandler set a $16.00 price target on Strawberry Fields REIT in a report on Tuesday, August 11th.

Strawberry Fields REIT Price Performance

NYSEAMERICAN STRW opened at $13.04 on Wednesday. The stock has a 50-day moving average of $13.58 and a two-hundred day moving average of $13.34. Strawberry Fields REIT has a 1-year low of $11.11 and a 1-year high of $14.75. The company has a market cap of $184.65 million, a P/E ratio of 20.06 and a beta of 0.41.

Strawberry Fields REIT (NYSEAMERICAN:STRW) last released its earnings results on Thursday, August 6th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.16. The firm had revenue of $40.05 million during the quarter, compared to analyst estimates of $40.24 million. Strawberry Fields REIT had a return on equity of 17.25% and a net margin of 5.30%. On average, analysts anticipate that Strawberry Fields REIT will post 1.40 EPS for the current fiscal year.

Strawberry Fields REIT Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th were issued a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, September 16th. This represents a $0.68 annualized dividend and a dividend yield of 5.2%. Strawberry Fields REIT’s payout ratio is presently 133.34%.

Institutional Investors Weigh In On Strawberry Fields REIT

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. purchased a new stake in shares of Strawberry Fields REIT in the 2nd quarter worth about $8,944,000. Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in shares of Strawberry Fields REIT in the second quarter valued at $4,794,000. Lazard Asset Management LLC raised its stake 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 purchasing an additional 35,705 shares during the last quarter. Man Group plc purchased a new position in Strawberry Fields REIT in the 2nd quarter valued at about $158,000. Finally, Hsbc Holdings PLC purchased a new stake in shares of Strawberry Fields REIT during the second quarter worth about $142,000.

About Strawberry Fields REIT

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.