Strawberry Fields REIT (NYSEAMERICAN:STRW) Earns Outperform Rating from Analysts at Wedbush

Wedbush initiated coverage on shares of Strawberry Fields REIT (NYSEAMERICAN:STRW) in a research report sent to investors on Monday morning, Marketbeat reports. The brokerage issued an outperform rating and a $12.00 price objective on the stock. Wedbush also issued estimates for Strawberry Fields REIT’s Q4 2024 earnings at $0.28 EPS, FY2024 earnings at $1.08 EPS and FY2025 earnings at $1.23 EPS.

Separately, Janney Montgomery Scott initiated coverage on Strawberry Fields REIT in a report on Wednesday, December 18th. They issued a “buy” rating and a $12.50 price target for the company.

Strawberry Fields REIT Price Performance

Shares of Strawberry Fields REIT stock opened at $11.06 on Monday. The stock has a market capitalization of $82.73 million, a price-to-earnings ratio of 21.69 and a beta of 0.22. Strawberry Fields REIT has a 12-month low of $6.56 and a 12-month high of $12.90.

Strawberry Fields REIT Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 16th were paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 5.06%. The ex-dividend date of this dividend was Monday, December 16th. This is a positive change from Strawberry Fields REIT’s previous quarterly dividend of $0.13. Strawberry Fields REIT’s dividend payout ratio (DPR) is 101.96%.

Insider Transactions at Strawberry Fields REIT

In other news, Director Michael Blisko purchased 9,800 shares of the company’s stock in a transaction that occurred on Thursday, December 19th. The shares were acquired at an average cost of $10.25 per share, with a total value of $100,450.00. Following the transaction, the director now owns 224,680 shares in the company, valued at approximately $2,302,970. The trade was a 4.56 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jack Levine bought 5,000 shares of the stock in a transaction on Thursday, December 5th. The shares were acquired at an average price of $10.00 per share, with a total value of $50,000.00. Following the purchase, the director now owns 108,927 shares of the company’s stock, valued at $1,089,270. The trade was a 4.81 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 154,547 shares of company stock valued at $1,586,276. Insiders own 10.60% of the company’s stock.

Hedge Funds Weigh In On Strawberry Fields REIT

Several institutional investors have recently modified their holdings of STRW. Allspring Global Investments Holdings LLC bought a new position in Strawberry Fields REIT in the 3rd quarter valued at about $45,000. Rhumbline Advisers acquired a new stake in shares of Strawberry Fields REIT in the 2nd quarter worth approximately $57,000. Barclays PLC lifted its stake in shares of Strawberry Fields REIT by 302.3% in the 3rd quarter. Barclays PLC now owns 8,697 shares of the company’s stock worth $110,000 after acquiring an additional 6,535 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Strawberry Fields REIT by 186.7% in the third quarter. JPMorgan Chase & Co. now owns 9,572 shares of the company’s stock valued at $121,000 after acquiring an additional 6,233 shares in the last quarter. Finally, Duncan Williams Asset Management LLC bought a new stake in Strawberry Fields REIT during the third quarter worth approximately $192,000.

Strawberry Fields REIT Company Profile

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.