Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) has earned an average recommendation of “Moderate Buy” from the six analysts that are currently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $13.6625.

STRW has been the subject of a number of recent research reports. Cantor Fitzgerald restated an “overweight” rating and set a $15.00 price target on shares of Strawberry Fields REIT in a research note on Monday, January 5th. Lake Street Capital reissued a “buy” rating and set a $16.00 target price on shares of Strawberry Fields REIT in a research report on Monday, February 23rd. Finally, Alliance Global Partners reaffirmed a “buy” rating on shares of Strawberry Fields REIT in a research report on Friday, February 20th.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Nisa Investment Advisors LLC raised its position in Strawberry Fields REIT by 93.5% in the 3rd quarter. Nisa Investment Advisors LLC now owns 2,020 shares of the company’s stock valued at $25,000 after buying an additional 976 shares during the last quarter. Wexford Capital LP purchased a new position in Strawberry Fields REIT during the 3rd quarter worth $44,000. Bank of America Corp DE grew its stake in shares of Strawberry Fields REIT by 52.9% in the 4th quarter. Bank of America Corp DE now owns 4,725 shares of the company’s stock worth $50,000 after acquiring an additional 1,634 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Strawberry Fields REIT by 58.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,431 shares of the company’s stock worth $65,000 after acquiring an additional 2,011 shares in the last quarter. Finally, Copeland Capital Management LLC purchased a new stake in shares of Strawberry Fields REIT in the third quarter valued at about $77,000.

Strawberry Fields REIT Price Performance

Strawberry Fields REIT stock opened at $12.15 on Friday. Strawberry Fields REIT has a 1 year low of $8.70 and a 1 year high of $14.00. The business has a 50 day moving average of $12.82 and a 200-day moving average of $12.51. The company has a market capitalization of $162.57 million, a P/E ratio of 19.92 and a beta of 0.38.

Strawberry Fields REIT (NYSEAMERICAN:STRW) last released its quarterly earnings data on Thursday, February 19th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.17). Strawberry Fields REIT had a net margin of 4.89% and a return on equity of 11.35%. The firm had revenue of $40.10 million for the quarter, compared to the consensus estimate of $40.30 million. Equities analysts anticipate that Strawberry Fields REIT will post 1.12 EPS for the current year.

Strawberry Fields REIT Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be paid a $0.16 dividend. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $0.64 annualized dividend and a dividend yield of 5.3%. Strawberry Fields REIT’s dividend payout ratio is 125.49%.

About Strawberry Fields REIT

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.