Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) have been assigned a consensus rating of “Moderate Buy” from the six brokerages that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $13.6625.

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

Strawberry Fields REIT Stock Performance

Shares of NYSEAMERICAN STRW opened at $12.02 on Friday. The company has a 50 day simple moving average of $12.87 and a two-hundred day simple moving average of $12.52. Strawberry Fields REIT has a fifty-two week low of $8.70 and a fifty-two week high of $14.00. The company has a market capitalization of $160.83 million, a price-to-earnings ratio of 19.70 and a beta of 0.38.

Strawberry Fields REIT (NYSEAMERICAN:STRW) last issued its quarterly earnings results on Thursday, February 19th. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.17). Strawberry Fields REIT had a return on equity of 11.35% and a net margin of 4.89%.The company had revenue of $40.10 million during the quarter, compared to the consensus estimate of $40.30 million. On average, analysts forecast that Strawberry Fields REIT will post 1.12 earnings per share for the current fiscal year.

Strawberry Fields REIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date is Tuesday, March 17th. Strawberry Fields REIT’s dividend payout ratio (DPR) is currently 125.49%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Nisa Investment Advisors LLC grew its holdings in shares of Strawberry Fields REIT by 93.5% during the third 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. Hillsdale Investment Management Inc. raised its holdings in Strawberry Fields REIT by 4.8% in the 2nd quarter. Hillsdale Investment Management Inc. now owns 22,000 shares of the company’s stock worth $232,000 after acquiring an additional 1,000 shares during the last quarter. Barclays PLC lifted its position in Strawberry Fields REIT by 14.3% in the 4th quarter. Barclays PLC now owns 11,936 shares of the company’s stock valued at $156,000 after acquiring an additional 1,489 shares in the last quarter. Bank of America Corp DE lifted its position in 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 valued at $50,000 after acquiring an additional 1,634 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in Strawberry Fields REIT by 2.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 87,693 shares of the company’s stock valued at $924,000 after purchasing an additional 1,757 shares during the last quarter.

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.