Strawberry Fields REIT (NYSEAMERICAN:STRW) Upgraded to Hold at Zacks Research

Strawberry Fields REIT (NYSEAMERICAN:STRW) was upgraded by analysts at Zacks Research to a “hold” rating in a research note issued to investors on Wednesday,Zacks.com reports.

A number of other research analysts have also issued reports on the company. Alliance Global Partners reiterated a “buy” rating on shares of Strawberry Fields REIT in a research report on Friday, February 20th. Lake Street Capital reissued a “buy” rating and issued a $16.00 price target on shares of Strawberry Fields REIT in a report on Monday, February 23rd. Cantor Fitzgerald restated an “overweight” rating and set a $15.00 price objective on shares of Strawberry Fields REIT in a research report on Monday, January 5th. Finally, B. Riley Financial started coverage on shares of Strawberry Fields REIT in a research report on Tuesday. They issued a “neutral” rating and a $13.50 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Strawberry Fields REIT currently has an average rating of “Moderate Buy” and an average price target of $13.63.

Strawberry Fields REIT Stock Up 0.5%

Shares of Strawberry Fields REIT stock opened at $12.45 on Wednesday. The firm has a market cap of $166.58 million, a PE ratio of 20.41 and a beta of 0.46. Strawberry Fields REIT has a twelve month low of $9.46 and a twelve month high of $14.00. The business has a 50-day moving average price of $12.65 and a 200 day moving average price of $12.58.

Strawberry Fields REIT (NYSEAMERICAN:STRW) last issued its quarterly earnings results on Thursday, February 19th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.17). The business had revenue of $40.10 million for the quarter, compared to analysts’ expectations of $40.30 million. Strawberry Fields REIT had a return on equity of 11.35% and a net margin of 4.89%. On average, sell-side analysts expect that Strawberry Fields REIT will post 1.41 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC increased its stake in Strawberry Fields REIT by 93.5% during the third quarter. Nisa Investment Advisors LLC now owns 2,020 shares of the company’s stock worth $25,000 after acquiring an additional 976 shares during the last quarter. Wexford Capital LP acquired a new position in shares of Strawberry Fields REIT in the 3rd quarter valued at $44,000. Bank of America Corp DE grew its holdings in shares of Strawberry Fields REIT by 52.9% during the 4th quarter. Bank of America Corp DE now owns 4,725 shares of the company’s stock worth $50,000 after purchasing an additional 1,634 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Strawberry Fields REIT by 58.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,431 shares of the company’s stock worth $65,000 after purchasing an additional 2,011 shares during the period. Finally, Copeland Capital Management LLC acquired a new stake in shares of Strawberry Fields REIT during the 3rd quarter worth about $77,000.

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.