Strawberry Fields REIT (NYSEAMERICAN:STRW) Posts Quarterly Earnings Results, Hits Expectations

Strawberry Fields REIT (NYSEAMERICAN:STRW) posted its quarterly earnings data on Thursday. The company reported $0.16 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.16, FiscalAI reports. Strawberry Fields REIT had a return on equity of 14.36% and a net margin of 5.25%.The business had revenue of $40.05 million for the quarter, compared to analysts’ expectations of $40.24 million.

Strawberry Fields REIT Stock Performance

Shares of NYSEAMERICAN:STRW traded up $0.19 during mid-day trading on Thursday, hitting $14.44. 34,479 shares of the company traded hands, compared to its average volume of 47,368. The firm’s 50 day simple moving average is $13.64 and its 200 day simple moving average is $13.10. The firm has a market cap of $193.93 million, a P/E ratio of 22.22 and a beta of 0.41. Strawberry Fields REIT has a 52-week low of $10.00 and a 52-week high of $14.75.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $15.00 target price on shares of Strawberry Fields REIT in a research report on Monday, May 11th. Zacks Research raised Strawberry Fields REIT to a “hold” rating in a research report on Wednesday, April 22nd. B. Riley Financial restated a “neutral” rating and set a $14.50 price target (up from $13.50) on shares of Strawberry Fields REIT in a research note on Wednesday, July 22nd. Finally, Alliance Global Partners reaffirmed a “buy” rating on shares of Strawberry Fields REIT in a research note on Friday, May 8th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $15.17.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in STRW. Barclays PLC raised 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 worth $156,000 after purchasing an additional 1,489 shares during the period. Bank of America Corp DE boosted its position in Strawberry Fields REIT by 52.9% during the 4th 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. Ameriprise Financial Inc. grew its stake in Strawberry Fields REIT by 2.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 87,693 shares of the company’s stock worth $924,000 after buying an additional 1,757 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake 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 worth $65,000 after buying an additional 2,011 shares during the last quarter. Finally, Rhumbline Advisers increased its position in Strawberry Fields REIT by 39.5% in the first 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.

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.