Strawberry Fields REIT (NYSEAMERICAN:STRW) Upgraded at Compass Point

Compass Point upgraded shares of Strawberry Fields REIT (NYSEAMERICAN:STRW) from a neutral rating to a buy rating in a research report sent to investors on Tuesday, MarketBeat reports.

Other research analysts have also recently issued research reports about the stock. B. Riley Financial restated a “neutral” rating and set a $14.50 target price (up from $13.50) on shares of Strawberry Fields REIT in a research note on Wednesday, July 22nd. Alliance Global Partners reiterated a “buy” rating on shares of Strawberry Fields REIT in a research note on Friday, May 8th. Cantor Fitzgerald increased their price target on Strawberry Fields REIT from $15.00 to $16.00 and gave the stock an “overweight” rating in a research note on Monday, August 10th. Zacks Research raised Strawberry Fields REIT to a “hold” rating in a report on Wednesday, April 22nd. Finally, Piper Sandler set a $16.00 price objective on Strawberry Fields REIT in a research note on Tuesday, August 11th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Strawberry Fields REIT has a consensus rating of “Moderate Buy” and a consensus price target of $15.62.

Strawberry Fields REIT Trading Up 0.2%

NYSEAMERICAN STRW opened at $13.64 on Tuesday. Strawberry Fields REIT has a 12 month low of $11.11 and a 12 month high of $14.75. The stock has a market cap of $193.14 million, a price-to-earnings ratio of 20.98 and a beta of 0.41. The company’s 50 day moving average is $13.79 and its two-hundred day moving average is $13.14.

Strawberry Fields REIT (NYSEAMERICAN:STRW) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.16 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.16. The business had revenue of $40.05 million during the quarter, compared to analyst estimates of $40.24 million. Strawberry Fields REIT had a net margin of 5.30% and a return on equity of 17.25%. Sell-side analysts forecast that Strawberry Fields REIT will post 1.4 EPS for the current year.

Strawberry Fields REIT Announces Dividend

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. purchased a new stake in shares of Strawberry Fields REIT in the second quarter worth about $8,944,000. Diamond Hill Capital Management LLC Investment Advisor bought a new position in Strawberry Fields REIT during the second quarter valued at approximately $4,794,000. Gabelli Funds LLC bought a new position in Strawberry Fields REIT during the second quarter valued at approximately $1,515,000. Jones Financial Companies Lllp purchased a new position in Strawberry Fields REIT during the 1st quarter valued at approximately $984,000. Finally, Acadian Asset Management LLC purchased a new position in Strawberry Fields REIT during the 1st quarter valued at approximately $453,000.

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.