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

Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) announced a quarterly dividend on Thursday, August 6th. Stockholders of record on Wednesday, September 16th will be given a dividend of 0.17 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend is Wednesday, September 16th.

Strawberry Fields REIT has a dividend payout ratio of 123.1% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities 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 Trading Down 1.9%

Shares of Strawberry Fields REIT stock opened at $14.17 on Friday. The company has a market cap of $190.30 million, a P/E ratio of 21.80 and a beta of 0.41. The stock has a 50-day moving average price of $13.66 and a 200 day moving average price of $13.11. Strawberry Fields REIT has a 1 year low of $10.08 and a 1 year high of $14.75.

Strawberry Fields REIT (NYSEAMERICAN:STRW) last announced its quarterly earnings data on Friday, May 8th. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.02. Strawberry Fields REIT had a net margin of 5.30% and a return on equity of 15.52%. The firm had revenue of $39.98 million for the quarter, compared to the consensus estimate of $40.28 million. On average, equities analysts forecast that Strawberry Fields REIT will post 1.4 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Strawberry Fields REIT

Several hedge funds and other institutional investors have recently added to or reduced their stakes in STRW. BlackRock Inc. acquired a new stake in Strawberry Fields REIT in the second quarter valued at approximately $8,944,000. Deutsche Bank AG acquired a new position in shares of Strawberry Fields REIT during the 2nd quarter worth $111,000. Diamond Hill Capital Management LLC Investment Advisor acquired a new position in shares of Strawberry Fields REIT during the 2nd quarter worth $4,794,000. Bank of New York Mellon Corp bought a new position in shares of Strawberry Fields REIT during the 2nd quarter valued at $243,000. Finally, Lazard Asset Management LLC raised its holdings in shares of Strawberry Fields REIT by 181.1% during the 1st quarter. Lazard Asset Management LLC now owns 55,418 shares of the company’s stock valued at $659,000 after purchasing an additional 35,705 shares in the last quarter.

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.