Strawberry Fields REIT (NYSEAMERICAN:STRW) Issues Earnings Results

by · The Cerbat Gem

Strawberry Fields REIT (NYSEAMERICAN:STRW – Get Free Report) issued its quarterly earnings data on Friday. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.02, FiscalAI reports. Strawberry Fields REIT had a net margin of 4.89% and a return on equity of 11.35%. The firm had revenue of $39.98 million for the quarter, compared to analyst estimates of $40.28 million.

Strawberry Fields REIT Stock Performance

Shares of Strawberry Fields REIT stock traded down $0.13 during trading on Friday, reaching $12.82. The company had a trading volume of 24,876 shares, compared to its average volume of 16,090. The company has a market cap of $171.53 million, a price-to-earnings ratio of 21.02 and a beta of 0.43. The firm’s fifty day moving average is $12.63 and its 200-day moving average is $12.64. Strawberry Fields REIT has a fifty-two week low of $9.46 and a fifty-two week high of $14.00.

Strawberry Fields REIT Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be paid a $0.17 dividend. This is a boost from Strawberry Fields REIT’s previous quarterly dividend of $0.16. The ex-dividend date is Tuesday, June 16th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.3%. Strawberry Fields REIT’s dividend payout ratio (DPR) is currently 125.49%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on STRW. Alliance Global Partners reiterated a “buy” rating on shares of Strawberry Fields REIT in a report on Friday. Zacks Research upgraded shares of Strawberry Fields REIT to a “hold” rating in a report on Wednesday, April 22nd. B. Riley Financial began coverage on shares of Strawberry Fields REIT in a research note on Tuesday, April 21st. They issued a “neutral” rating and a $13.50 target price on the stock. Finally, Lake Street Capital restated a “buy” rating and issued a $16.00 target price on shares of Strawberry Fields REIT in a research note on Monday, February 23rd. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $13.63.

View Our Latest Stock Report on STRW

Strawberry Fields REIT News Roundup

Here are the key news stories impacting Strawberry Fields REIT this week:

  • Positive Sentiment: Strawberry Fields REIT reported first-quarter EPS of $0.17, ahead of the $0.15 consensus, while net income rose year over year and rental income increased 7.1%. Article Title
  • Positive Sentiment: The company said it collected 100% of contractual rents and signed a term sheet for up to a $300 million corporate credit facility, which should help refinance debt and fund future acquisitions. Article Title
  • Positive Sentiment: Management also announced a quarterly cash dividend of $0.17 per share, up 6.3% from the prior quarter, signaling confidence in cash flow and shareholder returns. Article Title
  • Neutral Sentiment: Q1 FFO came in at $0.38 per share, which missed estimates by $0.01, and revenue of $39.98 million was slightly below consensus. Article Title
  • Negative Sentiment: General and administrative expenses rose 22.6% year over year, which may raise some concerns about cost pressure even as operations improved.

Institutional Investors Weigh In On Strawberry Fields REIT

Institutional investors and hedge funds have recently bought and sold shares of the business. Wexford Capital LP acquired a new stake in Strawberry Fields REIT during the third quarter worth about $44,000. Bank of America Corp DE raised its stake in Strawberry Fields REIT by 52.9% during the fourth quarter. Bank of America Corp DE now owns 4,725 shares of the company’s stock worth $50,000 after acquiring an additional 1,634 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Strawberry Fields REIT by 58.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,431 shares of the company’s stock worth $65,000 after acquiring an additional 2,011 shares during the period. Rhumbline Advisers raised its stake in Strawberry Fields REIT by 39.5% during the first quarter. Rhumbline Advisers now owns 7,412 shares of the company’s stock worth $88,000 after acquiring an additional 2,098 shares during the period. Finally, Cubist Systematic Strategies LLC acquired a new stake in Strawberry Fields REIT during the first quarter worth about $121,000.

About Strawberry Fields REIT

(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.

Read More