Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW – Get Free Report) declared a quarterly dividend on Thursday, November 5th. Investors of record on Wednesday, December 16th will be given a dividend of $0.17 per share on Wednesday, December 30th. This represents a $0.68 annualized dividend and a dividend yield of 5.6%. The ex-dividend date of this dividend is Wednesday, December 16th.
Strawberry Fields REIT has a payout ratio of 123.1% 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 $1.55 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%.
Strawberry Fields REIT Stock Performance
Strawberry Fields REIT stock opened at $12.12 on Friday. The company has a market capitalization of $171.62 million, a price-to-earnings ratio of 9.40 and a beta of 0.42. Strawberry Fields REIT has a 1 year low of $11.47 and a 1 year high of $14.75. The company’s 50 day simple moving average is $13.16 and its 200-day simple moving average is $13.16.
Strawberry Fields REIT (NYSEAMERICAN:STRW – Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported $0.16 EPS 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 business had revenue of $40.05 million for the quarter, compared to the consensus estimate of $40.24 million. Equities analysts expect that Strawberry Fields REIT will post 1.40 earnings per share for the current year.
Analysts Set New Price Targets
Several research firms recently weighed in on STRW. Cantor Fitzgerald upped their price objective on shares of Strawberry Fields REIT from $15.00 to $16.00 and gave the stock an “overweight” rating in a research report on Monday, August 10th. Compass Point upgraded shares of Strawberry Fields REIT from a “neutral” rating to a “buy” rating in a research note on Tuesday, August 18th. B. Riley Financial restated a “neutral” rating and issued a $14.50 price target (up from $13.50) on shares of Strawberry Fields REIT in a report on Wednesday, July 22nd. Piper Sandler set a $16.00 price objective on Strawberry Fields REIT in a report on Tuesday, August 11th. Finally, Huntington began coverage on shares of Strawberry Fields REIT in a research report on Thursday, September 10th. They set a “market perform” rating and a $15.00 price target on the stock. Four investment 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 currently has a consensus rating of “Moderate Buy” and an average price target of $15.50.
Check Out Our Latest Analysis on Strawberry Fields REIT
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.
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