Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) have earned an average recommendation of “Moderate Buy” from the seven analysts that are covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $13.7875.

A number of equities research analysts have weighed in on the company. Lake Street Capital reaffirmed a “buy” rating and set a $16.00 price objective on shares of Strawberry Fields REIT in a report on Monday, February 23rd. Zacks Research raised Strawberry Fields REIT to a “hold” rating in a report on Wednesday, April 22nd. B. Riley Financial began coverage on Strawberry Fields REIT in a research note on Tuesday, April 21st. They issued a “neutral” rating and a $13.50 price target on the stock. Alliance Global Partners reiterated a “buy” rating on shares of Strawberry Fields REIT in a research report on Friday, May 8th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $15.00 price objective on shares of Strawberry Fields REIT in a research note on Monday, May 11th.

Strawberry Fields REIT Stock Performance

NYSEAMERICAN:STRW opened at $13.02 on Wednesday. The company has a 50-day moving average of $12.74 and a 200-day moving average of $12.82. Strawberry Fields REIT has a 52 week low of $9.87 and a 52 week high of $14.00. The company has a market capitalization of $174.86 million, a price-to-earnings ratio of 20.03 and a beta of 0.44.

Strawberry Fields REIT (NYSEAMERICAN:STRW) last posted its earnings results on Friday, May 8th. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.02. Strawberry Fields REIT had a net margin of 5.25% and a return on equity of 14.36%. The business had revenue of $39.98 million for the quarter, compared to analysts’ expectations of $40.28 million. Sell-side analysts forecast that Strawberry Fields REIT will post 1.41 EPS for the current year.

Strawberry Fields REIT Increases Dividend

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

Hedge Funds Weigh In On Strawberry Fields REIT

Several institutional investors have recently added to or reduced their stakes in the company. Barclays PLC lifted its holdings in Strawberry Fields REIT by 14.3% during the 4th quarter. Barclays PLC now owns 11,936 shares of the company’s stock worth $156,000 after buying an additional 1,489 shares in the last quarter. Bank of America Corp DE raised its position in shares of 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 worth $50,000 after acquiring an additional 1,634 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in shares of Strawberry Fields REIT by 2.0% during the second quarter. Ameriprise Financial Inc. now owns 87,693 shares of the company’s stock valued at $924,000 after acquiring an additional 1,757 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Strawberry Fields REIT by 58.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,431 shares of the company’s stock valued at $65,000 after acquiring an additional 2,011 shares during the period. Finally, Rhumbline Advisers boosted its holdings in Strawberry Fields REIT by 39.5% in the first quarter. Rhumbline Advisers now owns 7,412 shares of the company’s stock valued at $88,000 after acquiring an additional 2,098 shares during 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.