Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) Plans Quarterly Dividend of $0.17

Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) announced a quarterly dividend on Thursday, November 5th. Shareholders of record on Wednesday, December 16th will be paid a dividend of $0.17 per share on Wednesday, December 30th. This represents a $0.68 dividend on an annualized basis and a yield of 5.5%. The ex-dividend date of this dividend is Wednesday, December 16th.

Strawberry Fields REIT has a 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. Research 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 Price Performance

STRW opened at $12.43 on Friday. Strawberry Fields REIT has a 12 month low of $11.27 and a 12 month high of $14.75. The business has a 50-day moving average of $13.19 and a two-hundred day moving average of $13.16. The stock has a market capitalization of $176.01 million, a price-to-earnings ratio of 9.83 and a beta of 0.42.

Strawberry Fields REIT (NYSEAMERICAN:STRW) last announced its quarterly earnings data on Thursday, November 5th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.14. Strawberry Fields REIT had a net margin of 5.30% and a return on equity of 17.25%. The business had revenue of $40.00 million for the quarter, compared to analyst estimates of $40.42 million. Equities research analysts anticipate that Strawberry Fields REIT will post 1.40 earnings per share for the current year.

About Strawberry Fields REIT

Strawberry Fields REIT, Inc is a healthcare real estate investment trust that owns and manages properties used primarily by skilled nursing and other long-term care operators. The company generates revenue mainly by leasing its healthcare facilities to tenants under long-term, generally triple-net lease agreements, under which tenants are typically responsible for property operating expenses, maintenance and taxes.

The company’s portfolio is focused on healthcare properties in the United States, with an emphasis on skilled nursing facilities and related senior-care real estate.