Short Interest in Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) Expands By 19.1%

Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) was the recipient of a significant growth in short interest in March. As of March 13th, there was short interest totaling 69,769 shares, a growth of 19.1% from the February 26th total of 58,561 shares. Based on an average trading volume of 22,742 shares, the days-to-cover ratio is presently 3.1 days. Approximately 0.6% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

STRW has been the topic of several recent analyst reports. Lake Street Capital restated a “buy” rating and set a $16.00 price objective on shares of Strawberry Fields REIT in a research note on Monday, February 23rd. Alliance Global Partners reiterated a “buy” rating on shares of Strawberry Fields REIT in a report on Friday, February 20th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $15.00 price target on shares of Strawberry Fields REIT in a research report on Monday, January 5th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $13.66.

Strawberry Fields REIT Price Performance

STRW stock traded down $0.09 during midday trading on Tuesday, reaching $11.90. 38,254 shares of the company were exchanged, compared to its average volume of 30,163. Strawberry Fields REIT has a one year low of $8.70 and a one year high of $14.00. The firm has a market capitalization of $159.22 million, a price-to-earnings ratio of 19.51 and a beta of 0.38. The business has a 50-day moving average price of $12.77 and a two-hundred day moving average price of $12.53.

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

Strawberry Fields REIT Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be given a dividend of $0.16 per share. The ex-dividend date is Tuesday, March 17th. This represents a $0.64 annualized dividend and a yield of 5.4%. Strawberry Fields REIT’s dividend payout ratio (DPR) is 125.49%.

Hedge Funds Weigh In On Strawberry Fields REIT

Several institutional investors and hedge funds have recently made changes to their positions in the company. Barclays PLC lifted its holdings in Strawberry Fields REIT by 14.3% during the 4th quarter. Barclays PLC now owns 11,936 shares of the company’s stock worth $156,000 after purchasing an additional 1,489 shares during the last quarter. State Street Corp boosted its stake in Strawberry Fields REIT by 2.6% in the 4th quarter. State Street Corp now owns 169,865 shares of the company’s stock valued at $2,225,000 after purchasing an additional 4,380 shares during the period. Wells Fargo & Company MN grew its holdings in Strawberry Fields REIT by 67.5% in the 4th quarter. Wells Fargo & Company MN now owns 9,392 shares of the company’s stock valued at $123,000 after buying an additional 3,784 shares in the last quarter. Jane Street Group LLC increased its position in Strawberry Fields REIT by 27.4% during the 4th quarter. Jane Street Group LLC now owns 13,124 shares of the company’s stock worth $172,000 after buying an additional 2,819 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in Strawberry Fields REIT by 32.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 30,382 shares of the company’s stock worth $398,000 after buying an additional 7,434 shares during the period.

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.