Strawberry Fields REIT (NYSEAMERICAN:STRW) Coverage Initiated by Analysts at Huntington

Analysts at Huntington began coverage on shares of Strawberry Fields REIT (NYSEAMERICAN:STRW) in a research note issued to investors on Thursday, Zacks reports. The brokerage set a “hold” rating on the stock.

Other equities research analysts have also issued research reports about the company. Compass Point upgraded Strawberry Fields REIT from a “neutral” rating to a “buy” rating in a research note on Tuesday, August 18th. B. Riley Financial reaffirmed a “neutral” rating and issued a $14.50 price objective (up from $13.50) on shares of Strawberry Fields REIT in a research report on Wednesday, July 22nd. Piper Sandler set a $16.00 target price on shares of Strawberry Fields REIT in a research note on Tuesday, August 11th. Finally, Cantor Fitzgerald boosted 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. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $15.50.

Strawberry Fields REIT Trading Down 2.5%

Shares of STRW traded down $0.31 during midday trading on Thursday, hitting $12.12. 13,659 shares of the company’s stock traded hands, compared to its average volume of 40,308. Strawberry Fields REIT has a 1 year low of $11.47 and a 1 year high of $14.75. The firm’s fifty day moving average is $13.16 and its 200-day moving average is $13.16. The stock has a market capitalization of $171.62 million, a price-to-earnings ratio of 52.70 and a beta of 0.42.

Strawberry Fields REIT (NYSEAMERICAN:STRW) last announced its earnings results on Thursday, August 6th. The company reported $0.16 earnings per share for the quarter, hitting the consensus estimate of $0.16. Strawberry Fields REIT had a return on equity of 17.25% and a net margin of 5.30%. The firm had revenue of $40.05 million for the quarter, compared to the consensus estimate of $40.24 million. On average, equities research analysts anticipate that Strawberry Fields REIT will post 1.40 EPS for the current year.

Institutional Trading of Strawberry Fields REIT

Large investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. raised its stake in shares of Strawberry Fields REIT by 30.5% in the third quarter. Russell Investments Group Ltd. now owns 8,197 shares of the company’s stock worth $106,000 after purchasing an additional 1,918 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Strawberry Fields REIT by 25.5% during the first quarter. Dimensional Fund Advisors LP now owns 38,139 shares of the company’s stock worth $454,000 after purchasing an additional 7,757 shares during the period. Deutsche Bank AG purchased a new stake in Strawberry Fields REIT in the second quarter valued at approximately $111,000. Hsbc Holdings PLC purchased a new stake in Strawberry Fields REIT in the first quarter valued at approximately $127,000. Finally, Man Group plc acquired a new position in Strawberry Fields REIT in the 2nd quarter worth approximately $158,000.

Key Stories Impacting Strawberry Fields REIT

Here are the key news stories impacting Strawberry Fields REIT this week:

• Positive Sentiment: The company declared a quarterly cash dividend of $0.17 per share, or $0.68 annualized, equivalent to a yield of about 5.4%. The dividend is payable December 30 to shareholders of record December 16. Dividend announcement
• Positive Sentiment: STRW reported quarterly EPS of $0.34, above the cited analyst consensus of $0.20. Brokerages’ average price target is $15.50, above the share price cited in the provided market data, suggesting potential upside if achieved. Analyst price target report
• Negative Sentiment: Funds from operations (FFO), a key REIT performance measure, came in at $0.34 per share, below the $0.37 consensus estimate. Revenue of $40.0 million also missed expectations of $40.42 million. These misses could pressure investor sentiment despite the EPS beat. Q3 FFO and revenue report

About Strawberry Fields REIT

Strawberry Fields REIT, Inc is a healthcare real estate investment trust that owns and manages properties used primarily by skilled nursing and other long-term care operators. The company generates revenue mainly by leasing its healthcare facilities to tenants under long-term, generally triple-net lease agreements, under which tenants are typically responsible for property operating expenses, maintenance and taxes.

The company’s portfolio is focused on healthcare properties in the United States, with an emphasis on skilled nursing facilities and related senior-care real estate.