Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) Plans Quarterly Dividend of $0.17

Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW – Get Free Report) declared a quarterly dividend on Thursday, August 6th. Shareholders of record on Wednesday, September 16th will be given a dividend of 0.17 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 4.8%. The ex-dividend date of this dividend is Wednesday, September 16th.

Strawberry Fields REIT has a dividend payout ratio of 123.1% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Strawberry Fields REIT to earn $1.55 per share next year, which means the company should continue to be able to cover its $0.64 annual dividend with an expected future payout ratio of 41.3%.

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Strawberry Fields REIT Trading Down 2.2%

Shares of STRW stock traded down $0.32 during trading hours on Friday, hitting $14.12. 8,527 shares of the company were exchanged, compared to its average volume of 30,155. Strawberry Fields REIT has a 52-week low of $10.08 and a 52-week high of $14.75. The firm has a fifty day simple moving average of $13.64 and a 200 day simple moving average of $13.10. The stock has a market capitalization of $189.70 million, a price-to-earnings ratio of 21.73 and a beta of 0.41.

Strawberry Fields REIT (NYSEAMERICAN:STRW – Get Free Report) last released its earnings results on Friday, May 8th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.02. Strawberry Fields REIT had a return on equity of 14.36% and a net margin of 5.25%.The business had revenue of $39.98 million during the quarter, compared to the consensus estimate of $40.28 million. Sell-side analysts anticipate that Strawberry Fields REIT will post 1.4 EPS for the current year.

Strawberry Fields REIT Company Profile

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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.

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