Strawberry Fields REIT (NYSEAMERICAN:STRW) Price Target Raised to $16.00

Strawberry Fields REIT (NYSEAMERICAN:STRW) had its price objective increased by Cantor Fitzgerald from $15.00 to $16.00 in a research note published on Monday morning, MarketBeat reports. Cantor Fitzgerald currently has an overweight rating on the stock.

STRW has been the topic of several other research reports. Zacks Research raised Strawberry Fields REIT to a “hold” rating in a report on Wednesday, April 22nd. B. Riley Financial reaffirmed a “neutral” rating and set a $14.50 price target (up from $13.50) on shares of Strawberry Fields REIT in a report on Wednesday, July 22nd. Finally, Alliance Global Partners reiterated a “buy” rating on shares of Strawberry Fields REIT in a report on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $15.62.

Strawberry Fields REIT Stock Performance

STRW stock opened at $13.82 on Monday. The company’s 50 day moving average price is $13.71 and its 200 day moving average price is $13.11. The firm has a market capitalization of $195.69 million, a price-to-earnings ratio of 21.26 and a beta of 0.41. Strawberry Fields REIT has a fifty-two week low of $10.62 and a fifty-two week high of $14.75.

Strawberry Fields REIT (NYSEAMERICAN:STRW) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.16 EPS for the quarter, hitting the consensus estimate of $0.16. Strawberry Fields REIT had a net margin of 5.30% and a return on equity of 17.25%. The company had revenue of $40.05 million during the quarter, compared to analysts’ expectations of $40.24 million. Equities analysts forecast that Strawberry Fields REIT will post 1.4 EPS for the current fiscal year.

Strawberry Fields REIT Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 4.9%. The ex-dividend date is Wednesday, September 16th. Strawberry Fields REIT’s dividend payout ratio (DPR) is currently 133.34%.

Hedge Funds Weigh In On Strawberry Fields REIT

Several large investors have recently bought and sold shares of STRW. Globeflex Capital L P purchased a new position in shares of Strawberry Fields REIT during the second quarter worth about $161,000. BlackRock Inc. acquired a new stake in shares of Strawberry Fields REIT in the 2nd quarter valued at about $8,944,000. Deutsche Bank AG purchased a new position in Strawberry Fields REIT during the 2nd quarter worth approximately $111,000. Diamond Hill Capital Management LLC Investment Advisor purchased a new position in Strawberry Fields REIT during the 2nd quarter worth approximately $4,794,000. Finally, Bank of New York Mellon Corp acquired a new position in Strawberry Fields REIT during the second quarter worth approximately $243,000.

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.