Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) Stock Has Average Price Target of $15.50

Shares of Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) have earned a consensus rating of “Moderate Buy” from the seven analysts that are currently covering the company, Marketbeat reports. Three investment 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 analysts that have issued ratings on the stock in the last year is $15.50.

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

Institutional Investors Weigh In On Strawberry Fields REIT

Institutional investors have recently made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. acquired a new position in shares of Strawberry Fields REIT in the third quarter valued at approximately $189,000. Asset Management One Co. Ltd. acquired a new stake in Strawberry Fields REIT during the 3rd quarter worth approximately $152,000. Man Group plc acquired a new stake in Strawberry Fields REIT during the 2nd quarter worth approximately $158,000. Hsbc Holdings PLC acquired a new stake in Strawberry Fields REIT during the 2nd quarter worth approximately $142,000. Finally, Globeflex Capital L P bought a new stake in Strawberry Fields REIT in the 2nd quarter valued at $161,000.

Strawberry Fields REIT Trading Up 0.9%

STRW stock opened at $12.69 on Friday. Strawberry Fields REIT has a 1-year low of $11.12 and a 1-year high of $14.75. The business’s 50 day simple moving average is $13.29 and its 200 day simple moving average is $13.18. The firm has a market capitalization of $179.69 million, a PE ratio of 19.52 and a beta of 0.41.

Strawberry Fields REIT (NYSEAMERICAN:STRW) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 the consensus estimate of $40.24 million. As a group, sell-side analysts predict that Strawberry Fields REIT will post 1.40 EPS for the current fiscal year.

Strawberry Fields REIT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th were given a dividend of $0.17 per share. The ex-dividend date was Wednesday, September 16th. This represents a $0.68 annualized dividend and a yield of 5.4%. Strawberry Fields REIT’s dividend payout ratio (DPR) is 133.34%.

Strawberry Fields REIT Company Profile

Strawberry Fields REIT, Inc is a healthcare real estate investment trust that owns and manages properties used primarily by skilled nursing and other long-term care operators. The company generates revenue mainly by leasing its healthcare facilities to tenants under long-term, generally triple-net lease agreements, under which tenants are typically responsible for property operating expenses, maintenance and taxes.

The company’s portfolio is focused on healthcare properties in the United States, with an emphasis on skilled nursing facilities and related senior-care real estate.