Strawberry Fields REIT (NYSEAMERICAN:STRW) Announces Quarterly Earnings Results

Strawberry Fields REIT (NYSEAMERICAN:STRW) released its quarterly earnings results on Thursday. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.14, reports. Strawberry Fields REIT had a return on equity of 17.25% and a net margin of 5.30%. The business had revenue of $40.00 million during the quarter, compared to the consensus estimate of $40.42 million.

Strawberry Fields REIT Trading Down 2.5%

NYSEAMERICAN STRW traded down $0.31 during trading hours on Friday, reaching $12.12. The company’s stock had a trading volume of 13,659 shares, compared to its average volume of 40,308. The business has a 50-day simple moving average of $13.16 and a 200 day simple moving average of $13.16. Strawberry Fields REIT has a 52 week low of $11.47 and a 52 week high of $14.75. The stock has a market cap of $171.62 million, a PE ratio of 9.40 and a beta of 0.42.

Strawberry Fields REIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 30th. Investors of record on Wednesday, December 16th will be paid a dividend of $0.17 per share. The ex-dividend date is Wednesday, December 16th. This represents a $0.68 annualized dividend and a yield of 5.6%. Strawberry Fields REIT’s dividend payout ratio (DPR) is 133.34%.

Wall Street Analysts Forecast Growth

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

Strawberry Fields REIT News Summary

Here are the key news stories impacting Strawberry Fields REIT this week:

• Positive Sentiment: The company declared a quarterly cash dividend of $0.17 per share, or $0.68 annualized, equivalent to a yield of about 5.4%. The dividend is payable December 30 to shareholders of record December 16. Dividend announcement
• Positive Sentiment: STRW reported quarterly EPS of $0.34, above the cited analyst consensus of $0.20. Brokerages’ average price target is $15.50, above the share price cited in the provided market data, suggesting potential upside if achieved. Analyst price target report
• Negative Sentiment: Funds from operations (FFO), a key REIT performance measure, came in at $0.34 per share, below the $0.37 consensus estimate. Revenue of $40.0 million also missed expectations of $40.42 million. These misses could pressure investor sentiment despite the EPS beat. Q3 FFO and revenue report

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.