Diamond Hill Capital Management LLC Investment Advisor Acquires New Stake in Strawberry Fields REIT, Inc. $STRW

Diamond Hill Capital Management LLC Investment Advisor bought a new position in Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) during the second quarter, Holdings Channel.com reports. The institutional investor bought 348,631 shares of the company’s stock, valued at approximately $4,794,000.

Other large investors have also recently modified their holdings of the company. Gabelli Funds LLC purchased a new position in shares of Strawberry Fields REIT during the second quarter worth about $1,515,000. Jones Financial Companies Lllp purchased a new stake in Strawberry Fields REIT in the first quarter valued at approximately $984,000. Acadian Asset Management LLC bought a new stake in Strawberry Fields REIT during the first quarter valued at approximately $453,000. Lazard Asset Management LLC lifted its position in Strawberry Fields REIT by 181.1% during the first quarter. Lazard Asset Management LLC now owns 55,418 shares of the company’s stock valued at $659,000 after purchasing an additional 35,705 shares during the last quarter. Finally, Gamco Investors INC. ET AL purchased a new position in Strawberry Fields REIT in the 2nd quarter worth approximately $320,000.

Analysts Set New Price Targets

STRW has been the topic of a number of research analyst reports. Piper Sandler set a $16.00 price target on shares of Strawberry Fields REIT in a report on Tuesday, August 11th. Cantor Fitzgerald upped their target price on shares of Strawberry Fields REIT from $15.00 to $16.00 and gave the stock an “overweight” rating in a research report on Monday, August 10th. Zacks Research raised Strawberry Fields REIT to a “hold” rating in a research note on Wednesday, April 22nd. B. Riley Financial restated a “neutral” rating and set a $14.50 price target (up from $13.50) on shares of Strawberry Fields REIT in a research report on Wednesday, July 22nd. Finally, Alliance Global Partners reaffirmed a “buy” rating on shares of Strawberry Fields REIT in a research note on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Strawberry Fields REIT has a consensus rating of “Moderate Buy” and a consensus target price of $15.62.

Strawberry Fields REIT Stock Performance

Shares of Strawberry Fields REIT stock opened at $13.60 on Tuesday. Strawberry Fields REIT, Inc. has a 52-week low of $11.01 and a 52-week high of $14.75. The company has a fifty day moving average of $13.75 and a 200-day moving average of $13.12. The stock has a market capitalization of $192.58 million, a price-to-earnings ratio of 20.92 and a beta of 0.41.

Strawberry Fields REIT (NYSEAMERICAN:STRW) last issued its earnings results on Thursday, August 6th. The company reported $0.16 EPS for the quarter, hitting analysts’ consensus estimates of $0.16. The company had revenue of $40.05 million for the quarter, compared to analysts’ expectations of $40.24 million. Strawberry Fields REIT had a net margin of 5.30% and a return on equity of 17.25%. On average, equities research analysts forecast that Strawberry Fields REIT, Inc. will post 1.4 earnings per share for the current fiscal year.

Strawberry Fields REIT Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend is Wednesday, September 16th. Strawberry Fields REIT’s dividend payout ratio (DPR) is 133.34%.

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.