Strawberry Fields REIT (NYSEAMERICAN:STRW) Rating Increased to Buy at Compass Point

Strawberry Fields REIT (NYSEAMERICAN:STRW) was upgraded by equities researchers at Compass Point from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Tuesday.

A number of other equities analysts also recently issued reports on the company. Piper Sandler set a $16.00 target price on Strawberry Fields REIT in a research note on Tuesday, August 11th. Zacks Research raised Strawberry Fields REIT to a “hold” rating in a report 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. Cantor Fitzgerald increased their price objective on Strawberry Fields REIT from $15.00 to $16.00 and gave the stock an “overweight” rating in a research report on Monday, August 10th. Finally, B. Riley Financial reissued a “neutral” rating and issued a $14.50 target price (up from $13.50) on shares of Strawberry Fields REIT in a report on Wednesday, July 22nd. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Strawberry Fields REIT presently has an average rating of “Moderate Buy” and an average target price of $15.62.

Strawberry Fields REIT Stock Down 1.0%

NYSEAMERICAN STRW opened at $13.60 on Tuesday. The stock has a market capitalization of $192.58 million, a P/E ratio of 20.92 and a beta of 0.41. Strawberry Fields REIT has a 52-week low of $11.01 and a 52-week high of $14.75. The firm has a 50-day moving average price of $13.75 and a 200 day moving average price of $13.12.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in STRW. Barclays PLC grew its stake in 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 acquiring an additional 1,489 shares during the last quarter. Bank of America Corp DE raised its position in 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 during the last quarter. Ameriprise Financial Inc. raised its position in Strawberry Fields REIT by 2.0% during the second quarter. Ameriprise Financial Inc. now owns 87,693 shares of the company’s stock worth $924,000 after acquiring an additional 1,757 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Strawberry Fields REIT by 58.8% during the first 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. Finally, Rhumbline Advisers lifted its holdings in shares of Strawberry Fields REIT by 39.5% in the first quarter. Rhumbline Advisers now owns 7,412 shares of the company’s stock valued at $88,000 after purchasing an additional 2,098 shares in the last quarter.

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.