Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) have been assigned a consensus rating of “Moderate Buy” from the five brokerages that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $14.8333.

A number of equities analysts have weighed in on the company. Alliance Global Partners restated a “buy” rating on shares of Strawberry Fields REIT in a research note on Friday, May 8th. Cantor Fitzgerald reissued an “overweight” rating and issued a $15.00 price target on shares of Strawberry Fields REIT in a research note on Monday, May 11th. Zacks Research upgraded Strawberry Fields REIT to a “hold” rating in a research report on Wednesday, April 22nd. Finally, B. Riley Financial initiated coverage on Strawberry Fields REIT in a research report on Tuesday, April 21st. They issued a “neutral” rating and a $13.50 target price for the company.

Strawberry Fields REIT Stock Performance

Shares of NYSEAMERICAN:STRW opened at $13.77 on Friday. The company has a 50 day moving average of $13.11 and a 200 day moving average of $12.96. The stock has a market cap of $184.93 million, a P/E ratio of 21.18 and a beta of 0.42. Strawberry Fields REIT has a 12 month low of $9.87 and a 12 month high of $14.00.

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

Strawberry Fields REIT Increases Dividend

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

Hedge Funds Weigh In On Strawberry Fields REIT

A number of large investors have recently added to or reduced their stakes in STRW. Wexford Capital LP purchased a new stake in Strawberry Fields REIT during the third quarter valued at about $44,000. Bank of America Corp DE lifted 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 last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in 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 during the period. Rhumbline Advisers grew its position in 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 acquiring an additional 2,098 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new position in Strawberry Fields REIT during the 1st quarter worth approximately $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.