Strawberry Fields REIT, Inc. Announces Quarterly Dividend of $0.16 (NYSEAMERICAN:STRW)

Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) declared a quarterly dividend on Thursday, February 26th. Shareholders of record on Tuesday, March 17th will be paid a dividend of 0.16 per share on Tuesday, March 31st. This represents a c) annualized dividend and a yield of 5.0%. The ex-dividend date is Tuesday, March 17th.

Strawberry Fields REIT has a dividend payout ratio of 107.7% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Strawberry Fields REIT to earn $1.26 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 44.4%.

Strawberry Fields REIT Stock Up 0.6%

Shares of Strawberry Fields REIT stock opened at $12.88 on Friday. Strawberry Fields REIT has a fifty-two week low of $8.70 and a fifty-two week high of $14.00. The business’s fifty day moving average is $12.98 and its two-hundred day moving average is $12.49. The firm has a market cap of $168.99 million, a PE ratio of 21.11 and a beta of 0.38.

Strawberry Fields REIT (NYSEAMERICAN:STRW) last announced its quarterly earnings data on Thursday, February 19th. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.17). The business had revenue of $40.10 million during the quarter, compared to analysts’ expectations of $40.30 million. Strawberry Fields REIT had a net margin of 4.89% and a return on equity of 10.50%. Equities research analysts anticipate that Strawberry Fields REIT will post 1.12 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of STRW. Nisa Investment Advisors LLC lifted its position in Strawberry Fields REIT by 93.5% during the third quarter. Nisa Investment Advisors LLC now owns 2,020 shares of the company’s stock valued at $25,000 after buying an additional 976 shares in the last quarter. Wexford Capital LP purchased a new position in shares of Strawberry Fields REIT in the 3rd quarter valued at $44,000. Bank of America Corp DE raised its stake in shares of Strawberry Fields REIT by 52.9% in the 4th quarter. Bank of America Corp DE now owns 4,725 shares of the company’s stock valued at $50,000 after acquiring an additional 1,634 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings 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 acquiring an additional 2,011 shares in the last quarter. Finally, Copeland Capital Management LLC acquired a new position in shares of Strawberry Fields REIT during the 3rd quarter valued at $77,000.

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.