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

Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) has been assigned an average recommendation of “Moderate Buy” from the seven research firms that are presently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $13.7875.

STRW has been the topic of several recent analyst reports. B. Riley Financial assumed 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. Alliance Global Partners reissued a “buy” rating on shares of Strawberry Fields REIT in a research note on Friday, May 8th. Zacks Research raised Strawberry Fields REIT to a “hold” rating in a report on Wednesday, April 22nd. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $15.00 price objective on shares of Strawberry Fields REIT in a research note on Monday, May 11th.

Institutional Investors Weigh In On Strawberry Fields REIT

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Barclays PLC increased its position in shares of Strawberry Fields REIT by 14.3% during the 4th quarter. Barclays PLC now owns 11,936 shares of the company’s stock valued at $156,000 after purchasing an additional 1,489 shares during the period. Bank of America Corp DE raised its position in Strawberry Fields REIT by 52.9% in 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 in the last quarter. Ameriprise Financial Inc. lifted its holdings in Strawberry Fields REIT by 2.0% in the 2nd 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 last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted 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 in the last quarter. Finally, Rhumbline Advisers grew its stake in shares of Strawberry Fields REIT by 39.5% in the 1st quarter. Rhumbline Advisers now owns 7,412 shares of the company’s stock worth $88,000 after purchasing an additional 2,098 shares during the last quarter.

Strawberry Fields REIT Trading Up 1.8%

STRW opened at $13.60 on Friday. Strawberry Fields REIT has a twelve month low of $9.87 and a twelve month high of $14.00. The firm has a market cap of $182.65 million, a price-to-earnings ratio of 20.92 and a beta of 0.44. The company has a fifty day simple moving average of $12.98 and a 200 day simple moving average of $12.93.

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, topping the consensus estimate 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 company had revenue of $39.98 million during the quarter, compared to the consensus estimate of $40.28 million. On average, analysts forecast that Strawberry Fields REIT will post 1.41 earnings per share for the current fiscal year.

Strawberry Fields REIT Increases Dividend

The business also recently disclosed 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 5.0%. This is a boost from Strawberry Fields REIT’s previous quarterly dividend of $0.16. The ex-dividend date is Tuesday, June 16th. Strawberry Fields REIT’s payout ratio 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.