Strawberry Fields REIT (NYSEAMERICAN:STRW) Research Coverage Started at Huntington

by · The Markets Daily

Huntington began coverage on shares of Strawberry Fields REIT (NYSEAMERICAN:STRW – Free Report) in a research report report published on Thursday, Marketbeat.com reports. The brokerage issued a market perform rating and a $15.00 price target on the stock.

A number of other brokerages have also recently weighed in on STRW. Compass Point upgraded shares of Strawberry Fields REIT from a “neutral” rating to a “buy” rating in a research note on Tuesday, August 18th. Piper Sandler set a $16.00 target price on shares of Strawberry Fields REIT in a research note on Tuesday, August 11th. B. Riley Financial restated 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 upped their price target on shares of Strawberry Fields REIT from $15.00 to $16.00 and gave the stock an “overweight” rating in a research note on Monday, August 10th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $15.50.

Check Out Our Latest Stock Analysis on STRW

Strawberry Fields REIT Stock Performance

Shares of NYSEAMERICAN STRW opened at $13.82 on Thursday. The firm has a market capitalization of $195.69 million, a P/E ratio of 21.26 and a beta of 0.40. Strawberry Fields REIT has a one year low of $11.11 and a one year high of $14.75. The company’s fifty day moving average is $13.87 and its two-hundred day moving average is $13.23.

Strawberry Fields REIT (NYSEAMERICAN:STRW – Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting 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 analysts’ expectations of $40.24 million. On average, sell-side analysts forecast that Strawberry Fields REIT will post 1.4 earnings per share for the current fiscal year.

Strawberry Fields REIT Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date of this dividend is Wednesday, September 16th. Strawberry Fields REIT’s payout ratio is currently 133.34%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of STRW. BlackRock Inc. acquired a new position in Strawberry Fields REIT during the second quarter worth about $8,944,000. Diamond Hill Capital Management LLC Investment Advisor bought a new position in shares of Strawberry Fields REIT during the 2nd quarter valued at about $4,794,000. First Eagle Investment Management LLC boosted its position in shares of Strawberry Fields REIT by 8.4% during the 4th quarter. First Eagle Investment Management LLC now owns 325,589 shares of the company’s stock valued at $4,265,000 after purchasing an additional 25,205 shares in the last quarter. Diamond Hill Capital Management Inc. grew its stake in shares of Strawberry Fields REIT by 9.9% in the 4th quarter. Diamond Hill Capital Management Inc. now owns 203,816 shares of the company’s stock worth $2,670,000 after purchasing an additional 18,415 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Strawberry Fields REIT by 4.2% in the 4th quarter. Geode Capital Management LLC now owns 172,839 shares of the company’s stock worth $2,265,000 after purchasing an additional 6,969 shares during the last quarter.

Strawberry Fields REIT Company Profile

(Get Free Report)

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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