Strawberry Fields REIT, Inc. (STRW) To Go Ex-Dividend on March 17th

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

Strawberry Fields REIT has a dividend 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 Stock Up 0.6%

STRW stock opened at $12.88 on Friday. The company has a market cap of $168.99 million, a PE ratio of 21.11 and a beta of 0.38. The business has a 50-day simple moving average of $12.98 and a 200 day simple moving average of $12.49. Strawberry Fields REIT has a 52 week low of $8.70 and a 52 week high of $14.00.

Strawberry Fields REIT (NYSEAMERICAN:STRW) last posted its quarterly earnings data on Thursday, February 19th. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.17). Strawberry Fields REIT had a return on equity of 10.50% and a net margin of 4.89%.The firm had revenue of $40.10 million for the quarter, compared to the consensus estimate of $40.30 million. On average, analysts anticipate that Strawberry Fields REIT will post 1.12 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on STRW. Alliance Global Partners reaffirmed a “buy” rating on shares of Strawberry Fields REIT in a report on Friday, February 20th. Cantor Fitzgerald reissued an “overweight” rating and issued a $15.00 price objective on shares of Strawberry Fields REIT in a research note on Monday, January 5th. Finally, Lake Street Capital restated a “buy” rating and set a $16.00 price objective on shares of Strawberry Fields REIT in a research report on Monday, February 23rd. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $13.66.

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.