Strawberry Fields REIT (NYSEAMERICAN:STRW) Releases Earnings Results, Beats Estimates By $0.14 EPS

Strawberry Fields REIT (NYSEAMERICAN:STRW) issued its quarterly earnings data on Thursday. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.14, reports. Strawberry Fields REIT had a return on equity of 17.25% and a net margin of 5.30%. The firm had revenue of $40.00 million during the quarter, compared to the consensus estimate of $40.42 million.

Strawberry Fields REIT Stock Down 2.5%

Shares of STRW stock traded down $0.31 during trading hours on Friday, hitting $12.12. 13,659 shares of the company were exchanged, compared to its average volume of 40,308. The firm has a fifty day moving average of $13.16 and a 200 day moving average of $13.16. Strawberry Fields REIT has a 1 year low of $11.47 and a 1 year high of $14.75. The firm has a market cap of $171.62 million, a PE ratio of 9.40 and a beta of 0.42.

Strawberry Fields REIT Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 30th. Stockholders of record on Wednesday, December 16th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 5.6%. The ex-dividend date is Wednesday, December 16th. Strawberry Fields REIT’s dividend payout ratio is presently 133.34%.

Key Headlines Impacting Strawberry Fields REIT

Here are the key news stories impacting Strawberry Fields REIT this week:

• Positive Sentiment: The company declared a quarterly cash dividend of $0.17 per share, or $0.68 annualized, equivalent to a yield of about 5.4%. The dividend is payable December 30 to shareholders of record December 16. Dividend announcement
• Positive Sentiment: STRW reported quarterly EPS of $0.34, above the cited analyst consensus of $0.20. Brokerages’ average price target is $15.50, above the share price cited in the provided market data, suggesting potential upside if achieved. Analyst price target report
• Negative Sentiment: Funds from operations (FFO), a key REIT performance measure, came in at $0.34 per share, below the $0.37 consensus estimate. Revenue of $40.0 million also missed expectations of $40.42 million. These misses could pressure investor sentiment despite the EPS beat. Q3 FFO and revenue report

Analyst Ratings Changes

STRW has been the subject of several recent research reports. B. Riley Financial reissued a “neutral” rating and set a $14.50 price target (up from $13.50) on shares of Strawberry Fields REIT in a research report on Wednesday, July 22nd. Piper Sandler set a $16.00 price target on Strawberry Fields REIT in a report on Tuesday, August 11th. Huntington assumed coverage on Strawberry Fields REIT in a research report on Thursday, September 10th. They issued a “market perform” rating and a $15.00 price objective on the stock. Compass Point raised Strawberry Fields REIT from a “neutral” rating to a “buy” rating in a research note on Tuesday, August 18th. Finally, Cantor Fitzgerald lifted 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. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $15.50.

Strawberry Fields REIT Company Profile

Strawberry Fields REIT, Inc is a healthcare real estate investment trust that owns and manages properties used primarily by skilled nursing and other long-term care operators. The company generates revenue mainly by leasing its healthcare facilities to tenants under long-term, generally triple-net lease agreements, under which tenants are typically responsible for property operating expenses, maintenance and taxes.

The company’s portfolio is focused on healthcare properties in the United States, with an emphasis on skilled nursing facilities and related senior-care real estate.