Strawberry Fields REIT (NYSEAMERICAN:STRW) Shares Down 1.1% – Time to Sell?

Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) shares dropped 1.1% during mid-day trading on Monday . The stock traded as low as $12.74 and last traded at $12.98. Approximately 46,485 shares changed hands during trading, an increase of 144% from the average daily volume of 19,027 shares. The stock had previously closed at $13.12.

Wall Street Analyst Weigh In

STRW has been the topic of several recent analyst reports. B. Riley Financial initiated coverage on Strawberry Fields REIT in a research note on Tuesday, April 21st. They set a “neutral” rating and a $13.50 target price on the stock. Zacks Research raised Strawberry Fields REIT to a “hold” rating in a research note on Wednesday, April 22nd. Lake Street Capital reissued a “buy” rating and set a $16.00 target price on shares of Strawberry Fields REIT in a research note on Monday, February 23rd. Alliance Global Partners reissued a “buy” rating on shares of Strawberry Fields REIT in a research note on Friday, May 8th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $15.00 target price on shares of Strawberry Fields REIT in a research note on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $13.79.

Strawberry Fields REIT Trading Down 1.1%

The stock has a market cap of $174.32 million, a P/E ratio of 19.97 and a beta of 0.44. The company has a 50-day moving average price of $12.74 and a two-hundred day moving average price of $12.82.

Strawberry Fields REIT (NYSEAMERICAN:STRW) last released its earnings results on Friday, May 8th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.02. The firm had revenue of $39.98 million for the quarter, compared to the consensus estimate of $40.28 million. Strawberry Fields REIT had a return on equity of 14.36% and a net margin of 5.25%. As a group, equities analysts forecast that Strawberry Fields REIT, Inc. will post 1.41 earnings per share for the current fiscal year.

Strawberry Fields REIT Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $0.68 annualized dividend and a dividend yield of 5.2%. This is an increase from Strawberry Fields REIT’s previous quarterly dividend of $0.16. Strawberry Fields REIT’s dividend payout ratio is presently 125.49%.

Hedge Funds Weigh In On Strawberry Fields REIT

Large investors have recently modified their holdings of the stock. Wexford Capital LP bought a new position in shares of Strawberry Fields REIT during the 3rd quarter valued at approximately $44,000. Bank of America Corp DE increased its position in shares of Strawberry Fields REIT by 52.9% during the 4th 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 last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Strawberry Fields REIT by 58.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,431 shares of the company’s stock valued at $65,000 after purchasing an additional 2,011 shares during the last quarter. Rhumbline Advisers increased its position in shares of Strawberry Fields REIT by 39.5% during the 1st quarter. Rhumbline Advisers now owns 7,412 shares of the company’s stock valued at $88,000 after purchasing an additional 2,098 shares during the last quarter. Finally, LSV Asset Management increased its position in shares of Strawberry Fields REIT by 51.7% during the 3rd quarter. LSV Asset Management now owns 9,407 shares of the company’s stock valued at $116,000 after purchasing an additional 3,207 shares during the last quarter.

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.