Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) Receives $13.66 Consensus Target Price from Brokerages

Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) has received an average recommendation of “Moderate Buy” from the seven analysts that are presently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $13.63.

STRW has been the topic of several recent research reports. Cantor Fitzgerald reiterated an “overweight” rating and set a $15.00 price objective on shares of Strawberry Fields REIT in a research report on Monday, January 5th. Lake Street Capital reiterated a “buy” rating and issued a $16.00 price objective on shares of Strawberry Fields REIT in a report on Monday, February 23rd. Alliance Global Partners restated a “buy” rating on shares of Strawberry Fields REIT in a research note on Friday, February 20th. Finally, B. Riley Financial assumed coverage on Strawberry Fields REIT in a research note on Tuesday. They issued a “neutral” rating and a $13.50 target price for the company.

Strawberry Fields REIT Stock Down 0.2%

STRW traded down $0.02 during trading on Tuesday, reaching $12.68. 232 shares of the company were exchanged, compared to its average volume of 28,226. The company’s 50-day moving average is $12.67 and its two-hundred day moving average is $12.58. The company has a market cap of $169.66 million, a price-to-earnings ratio of 20.79 and a beta of 0.46. Strawberry Fields REIT has a 12-month low of $9.46 and a 12-month high of $14.00.

Strawberry Fields REIT (NYSEAMERICAN:STRW) last released its quarterly earnings results 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 net margin of 4.89% and a return on equity of 11.35%. The business had revenue of $40.10 million during the quarter, compared to analysts’ expectations of $40.30 million.

Strawberry Fields REIT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th were paid a dividend of $0.16 per share. The ex-dividend date was Tuesday, March 17th. This represents a $0.64 dividend on an annualized basis and a yield of 5.0%. Strawberry Fields REIT’s payout ratio is presently 125.49%.

Institutional Trading of Strawberry Fields REIT

Institutional investors and hedge funds have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Strawberry Fields REIT by 58.8% in the first 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 during the period. Bank of America Corp DE grew its holdings in Strawberry Fields REIT by 52.9% during the fourth quarter. Bank of America Corp DE now owns 4,725 shares of the company’s stock valued at $50,000 after purchasing an additional 1,634 shares during the period. Wexford Capital LP purchased a new position in shares of Strawberry Fields REIT in the third quarter valued at about $44,000. LSV Asset Management lifted its position in shares of Strawberry Fields REIT by 137.1% in the fourth quarter. LSV Asset Management now owns 22,300 shares of the company’s stock valued at $292,000 after acquiring an additional 12,893 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. lifted its position in shares of Strawberry Fields REIT by 9.9% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 203,816 shares of the company’s stock valued at $2,670,000 after acquiring an additional 18,415 shares in 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.