Strawberry Fields REIT (NYSEAMERICAN:STRW) Trading Down 2.7% – Time to Sell?

Shares of Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) dropped 2.7% on Wednesday . The stock traded as low as $13.16 and last traded at $13.21. Approximately 27,509 shares were traded during mid-day trading, an increase of 18% from the average session volume of 23,335 shares. The stock had previously closed at $13.57.

Analyst Ratings Changes

Several brokerages recently commented on STRW. Cantor Fitzgerald restated an “overweight” rating and set a $15.00 target price on shares of Strawberry Fields REIT in a research report on Monday, May 11th. B. Riley Financial initiated coverage on Strawberry Fields REIT in a report on Tuesday, April 21st. They issued a “neutral” rating and a $13.50 target price for the company. Zacks Research raised Strawberry Fields REIT to a “hold” rating in a research note on Wednesday, April 22nd. Finally, Alliance Global Partners restated a “buy” rating on shares of Strawberry Fields REIT in a report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $13.79.

Strawberry Fields REIT Stock Performance

The business has a 50 day moving average of $12.97 and a two-hundred day moving average of $12.93. The firm has a market capitalization of $177.41 million, a price-to-earnings ratio of 20.32 and a beta of 0.44.

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

Strawberry Fields REIT Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 5.1%. The ex-dividend date of this dividend is Tuesday, June 16th. This is an increase from Strawberry Fields REIT’s previous quarterly dividend of $0.16. Strawberry Fields REIT’s payout ratio is 133.34%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of STRW. Wexford Capital LP acquired a new position in shares of Strawberry Fields REIT during the third quarter valued at about $44,000. Bank of America Corp DE increased 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Strawberry Fields REIT by 58.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,431 shares of the company’s stock worth $65,000 after acquiring an additional 2,011 shares during the last quarter. Rhumbline Advisers raised its holdings 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 acquiring an additional 2,098 shares during the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Strawberry Fields REIT in the 1st quarter worth about $121,000.

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.