Brokerages Set Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) Price Target at $13.66

Shares of Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) have received an average rating of “Moderate Buy” from the six research firms that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $13.6625.

A number of analysts recently issued reports on STRW shares. Cantor Fitzgerald restated an “overweight” rating and set a $15.00 target price on shares of Strawberry Fields REIT in a research report on Monday, January 5th. Lake Street Capital reiterated a “buy” rating and issued a $16.00 price target on shares of Strawberry Fields REIT in a report on Monday, February 23rd. Finally, Alliance Global Partners reissued a “buy” rating on shares of Strawberry Fields REIT in a research note on Friday, February 20th.

Institutional Trading of Strawberry Fields REIT

Hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP grew its holdings in Strawberry Fields REIT by 32.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 30,382 shares of the company’s stock valued at $398,000 after buying an additional 7,434 shares during the period. Gamco Investors INC. ET AL purchased a new position in shares of Strawberry Fields REIT during the 2nd quarter worth about $320,000. Lazard Asset Management LLC boosted its position in shares of Strawberry Fields REIT by 288.7% in the second quarter. Lazard Asset Management LLC now owns 22,631 shares of the company’s stock worth $238,000 after acquiring an additional 16,809 shares during the last quarter. Jane Street Group LLC boosted its position in shares of Strawberry Fields REIT by 27.4% in the fourth quarter. Jane Street Group LLC now owns 13,124 shares of the company’s stock worth $172,000 after acquiring an additional 2,819 shares during the last quarter. Finally, Barclays PLC grew its holdings in Strawberry Fields REIT by 14.3% in the fourth quarter. Barclays PLC now owns 11,936 shares of the company’s stock valued at $156,000 after purchasing an additional 1,489 shares during the period.

Strawberry Fields REIT Trading Up 2.9%

Shares of STRW stock opened at $12.81 on Tuesday. The company has a market capitalization of $171.40 million, a price-to-earnings ratio of 21.00 and a beta of 0.46. The firm has a 50-day moving average price of $12.67 and a 200 day moving average price of $12.57. Strawberry Fields REIT has a twelve month low of $9.46 and a twelve month high of $14.00.

Strawberry Fields REIT (NYSEAMERICAN:STRW) last released its quarterly earnings results on Thursday, February 19th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.17). The firm had revenue of $40.10 million for the quarter, compared to analyst estimates of $40.30 million. Strawberry Fields REIT had a return on equity of 11.35% and a net margin of 4.89%. As a group, research analysts predict that Strawberry Fields REIT will post 1.12 earnings per share for the current year.

Strawberry Fields REIT Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 5.0%. The ex-dividend date was Tuesday, March 17th. Strawberry Fields REIT’s dividend payout ratio is presently 125.49%.

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.