Analysts Set Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) PT at $13.63

Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) has been given an average rating of “Moderate Buy” by the seven analysts that are covering the company, MarketBeat reports. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is $13.7875.

A number of equities research analysts have commented on the company. Zacks Research raised Strawberry Fields REIT to a “hold” rating in a report on Wednesday, April 22nd. B. Riley Financial began coverage on Strawberry Fields REIT in a research report on Tuesday, April 21st. They set a “neutral” rating and a $13.50 target price for the company. Alliance Global Partners reissued a “buy” rating on shares of Strawberry Fields REIT in a report on Friday. Cantor Fitzgerald restated an “overweight” rating and issued a $15.00 price target on shares of Strawberry Fields REIT in a research note on Monday. Finally, Lake Street Capital reiterated a “buy” rating and set a $16.00 price objective on shares of Strawberry Fields REIT in a research report on Monday, February 23rd.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. First Eagle Investment Management LLC boosted its stake in Strawberry Fields REIT by 8.4% during the fourth quarter. First Eagle Investment Management LLC now owns 325,589 shares of the company’s stock valued at $4,265,000 after buying an additional 25,205 shares during the last quarter. Diamond Hill Capital Management Inc. raised its holdings in shares of Strawberry Fields REIT by 9.9% during the 4th quarter. Diamond Hill Capital Management Inc. now owns 203,816 shares of the company’s stock worth $2,670,000 after acquiring an additional 18,415 shares in the last quarter. State of New Jersey Common Pension Fund D raised its holdings in shares of Strawberry Fields REIT by 2.9% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 178,000 shares of the company’s stock worth $2,189,000 after acquiring an additional 5,000 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Strawberry Fields REIT by 4.2% during the 4th quarter. Geode Capital Management LLC now owns 172,839 shares of the company’s stock valued at $2,265,000 after acquiring an additional 6,969 shares during the last quarter. Finally, State Street Corp boosted its position in shares of Strawberry Fields REIT by 2.6% during the 4th quarter. State Street Corp now owns 169,865 shares of the company’s stock valued at $2,225,000 after acquiring an additional 4,380 shares during the last quarter.

Strawberry Fields REIT Price Performance

Shares of NYSEAMERICAN:STRW opened at $12.90 on Friday. The company has a market capitalization of $172.60 million, a P/E ratio of 19.85 and a beta of 0.43. Strawberry Fields REIT has a 1-year low of $9.46 and a 1-year high of $14.00. The firm’s 50 day simple moving average is $12.63 and its two-hundred day simple moving average is $12.66.

Strawberry Fields REIT (NYSEAMERICAN:STRW) last released its earnings results on Friday, May 8th. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.02. The company had revenue of $39.98 million for the quarter, compared to analysts’ expectations of $40.28 million. Strawberry Fields REIT had a net margin of 5.25% and a return on equity of 13.80%. On average, sell-side analysts anticipate that Strawberry Fields REIT will post 1.41 earnings per share for the current fiscal year.

Strawberry Fields REIT Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be issued a $0.17 dividend. The ex-dividend date is Tuesday, June 16th. This represents a $0.68 dividend on an annualized basis and a yield of 5.3%. This is an increase from Strawberry Fields REIT’s previous quarterly dividend of $0.16. Strawberry Fields REIT’s payout ratio is presently 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.