Strawberry Fields REIT (NYSEAMERICAN:STRW) Shares Down 2.1% – Here’s What Happened

Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW)’s share price fell 2.1% during mid-day trading on Monday . The company traded as low as $13.79 and last traded at $13.85. 24,148 shares were traded during trading, a decline of 37% from the average session volume of 38,497 shares. The stock had previously closed at $14.15.

Wall Street Analyst Weigh In

STRW has been the subject of several analyst reports. Cantor Fitzgerald reissued an “overweight” rating and issued a $15.00 target price on shares of Strawberry Fields REIT in a research note on Monday, May 11th. Zacks Research raised shares of Strawberry Fields REIT to a “hold” rating in a research report on Wednesday, April 22nd. Alliance Global Partners reiterated a “buy” rating on shares of Strawberry Fields REIT in a research note on Friday, May 8th. Finally, B. Riley Financial started coverage on shares of Strawberry Fields REIT in a research note on Tuesday, April 21st. They issued a “neutral” rating and a $13.50 price target for the company. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Strawberry Fields REIT has a consensus rating of “Moderate Buy” and a consensus target price of $14.83.

Strawberry Fields REIT Price Performance

The business has a 50-day simple moving average of $13.34 and a two-hundred day simple moving average of $13.00. The stock has a market cap of $186.01 million, a price-to-earnings ratio of 21.31 and a beta of 0.42.

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

Strawberry Fields REIT Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th were paid a $0.17 dividend. This is a boost from Strawberry Fields REIT’s previous quarterly dividend of $0.16. The ex-dividend date was Tuesday, June 16th. This represents a $0.68 dividend on an annualized basis and a yield of 4.9%. Strawberry Fields REIT’s dividend payout ratio (DPR) is currently 133.34%.

Institutional Investors Weigh In On Strawberry Fields REIT

Several hedge funds have recently added to or reduced their stakes in the business. Wexford Capital LP acquired a new position in shares of Strawberry Fields REIT in the third quarter valued at $44,000. Bank of America Corp DE raised its position in shares of 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 valued at $50,000 after purchasing an additional 1,634 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Strawberry Fields REIT by 58.8% in the first 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 period. Rhumbline Advisers boosted its holdings 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 worth $88,000 after buying an additional 2,098 shares during the period. Finally, Cubist Systematic Strategies LLC acquired a new position in Strawberry Fields REIT in the 1st quarter valued at about $121,000.

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.