Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) Sees Significant Increase in Short Interest

Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) saw a significant growth in short interest in July. As of July 31st, there was short interest totaling 179,324 shares, a growth of 50.3% from the July 15th total of 119,331 shares. Based on an average daily volume of 54,059 shares, the days-to-cover ratio is currently 3.3 days. Currently, 1.6% of the shares of the stock are sold short.

Strawberry Fields REIT Stock Up 2.4%

Shares of Strawberry Fields REIT stock traded up $0.33 during trading on Tuesday, hitting $13.93. 10,004 shares of the stock traded hands, compared to its average volume of 30,355. The stock has a market cap of $197.25 million, a price-to-earnings ratio of 21.43 and a beta of 0.41. Strawberry Fields REIT has a 52 week low of $11.11 and a 52 week high of $14.75. The firm’s fifty day moving average is $13.75 and its 200-day moving average is $13.12.

Strawberry Fields REIT (NYSEAMERICAN:STRW) last released its earnings results on Thursday, August 6th. The company reported $0.16 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.16. The company had revenue of $40.05 million during the quarter, compared to the consensus estimate of $40.24 million. Strawberry Fields REIT had a return on equity of 17.25% and a net margin of 5.30%. On average, analysts forecast that Strawberry Fields REIT will post 1.4 earnings per share for the current fiscal year.

Strawberry Fields REIT Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $0.68 annualized dividend and a dividend yield of 4.9%. Strawberry Fields REIT’s dividend payout ratio (DPR) is 133.34%.

Institutional Investors Weigh In On Strawberry Fields REIT

Hedge funds have recently made changes to their positions in the business. Barclays PLC boosted its stake in shares of Strawberry Fields REIT by 14.3% in the 4th quarter. Barclays PLC now owns 11,936 shares of the company’s stock valued at $156,000 after purchasing an additional 1,489 shares in the last quarter. Bank of America Corp DE raised its position in 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 worth $50,000 after purchasing an additional 1,634 shares during the period. Ameriprise Financial Inc. raised its position in Strawberry Fields REIT by 2.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 87,693 shares of the company’s stock worth $924,000 after purchasing an additional 1,757 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in 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 worth $65,000 after purchasing an additional 2,011 shares during the last quarter. Finally, Rhumbline Advisers lifted its stake 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 purchasing an additional 2,098 shares during the last quarter.

Analyst Ratings Changes

STRW has been the topic of a number of recent analyst reports. Zacks Research raised shares of Strawberry Fields REIT to a “hold” rating in a research note on Wednesday, April 22nd. Alliance Global Partners reiterated a “buy” rating on shares of Strawberry Fields REIT in a research report on Friday, May 8th. Compass Point raised shares of Strawberry Fields REIT from a “neutral” rating to a “buy” rating in a research note on Tuesday. Cantor Fitzgerald increased their price target on shares of Strawberry Fields REIT from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Monday, August 10th. Finally, Piper Sandler set a $16.00 price objective on shares of Strawberry Fields REIT in a research report on Tuesday, August 11th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $15.62.

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.