Strawberry Fields REIT, Inc. (STRW) To Go Ex-Dividend on December 16th

Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) declared a quarterly dividend on Thursday, November 6th. Shareholders of record on Tuesday, December 16th will be paid a dividend of 0.16 per share on Tuesday, December 30th. This represents a c) dividend on an annualized basis and a yield of 5.5%. The ex-dividend date is Tuesday, December 16th.

Strawberry Fields REIT has a dividend payout ratio of 107.7% indicating that 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 $1.26 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 44.4%.

Strawberry Fields REIT Stock Up 0.9%

NYSEAMERICAN STRW opened at $11.65 on Friday. The firm has a market cap of $151.33 million, a P/E ratio of 18.79, a price-to-earnings-growth ratio of 1.08 and a beta of 0.40. The company’s 50 day moving average is $11.87 and its 200-day moving average is $11.04. Strawberry Fields REIT has a 12-month low of $8.70 and a 12-month high of $12.84.

Strawberry Fields REIT (NYSEAMERICAN:STRW) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.18). Strawberry Fields REIT had a net margin of 4.83% and a return on equity of 8.88%. The business had revenue of $39.71 million during the quarter, compared to analysts’ expectations of $38.41 million. Equities analysts expect that Strawberry Fields REIT will post 1.12 EPS for the current year.

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.