Equities researchers at Huntington began coverage on shares of Strawberry Fields REIT (NYSEAMERICAN:STRW – Get Free Report) in a note issued to investors on Thursday, Briefing.com reports. The firm set a “market perform” rating and a $15.00 price target on the stock. Huntington’s price target points to a potential upside of 7.84% from the stock’s previous close.
Several other equities analysts also recently weighed in on STRW. Compass Point upgraded Strawberry Fields REIT from a “neutral” rating to a “buy” rating in a research report on Tuesday, August 18th. Piper Sandler set a $16.00 price target on Strawberry Fields REIT in a research note on Tuesday, August 11th. B. Riley Financial reiterated 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. Finally, Cantor Fitzgerald increased their price objective on Strawberry Fields REIT from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Monday, August 10th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $15.50.
Check Out Our Latest Report on Strawberry Fields REIT
Strawberry Fields REIT Stock Up 1.5%
Strawberry Fields REIT (NYSEAMERICAN:STRW – Get Free Report) last issued its quarterly earnings results 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 net margin of 5.30% and a return on equity of 17.25%. The firm had revenue of $40.05 million for the quarter, compared to analyst estimates of $40.24 million. As a group, sell-side analysts expect that Strawberry Fields REIT will post 1.4 earnings per share for the current year.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of STRW. BlackRock Inc. acquired a new stake in shares of Strawberry Fields REIT in the 2nd quarter worth $8,944,000. Diamond Hill Capital Management LLC Investment Advisor acquired a new position in shares of Strawberry Fields REIT during the 2nd quarter valued at about $4,794,000. Gabelli Funds LLC acquired a new position in shares of Strawberry Fields REIT during the 2nd quarter valued at about $1,515,000. Jones Financial Companies Lllp purchased a new stake in shares of Strawberry Fields REIT in the first quarter valued at about $984,000. Finally, Acadian Asset Management LLC purchased a new stake in shares of Strawberry Fields REIT in the first quarter valued at about $453,000.
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.
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