Wedbush Comments on Strawberry Fields REIT FY2024 Earnings

Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) – Investment analysts at Wedbush issued their FY2024 earnings per share (EPS) estimates for Strawberry Fields REIT in a report issued on Monday, January 6th. Wedbush analyst R. Anderson forecasts that the company will post earnings per share of $1.08 for the year. Wedbush has a “Outperform” rating and a $12.00 price target on the stock. Wedbush also issued estimates for Strawberry Fields REIT’s Q4 2024 earnings at $0.28 EPS and FY2025 earnings at $1.23 EPS.

Other analysts have also recently issued reports about the company. Janney Montgomery Scott started coverage on Strawberry Fields REIT in a research report on Wednesday, December 18th. They set a “buy” rating and a $12.50 price objective on the stock. Lake Street Capital assumed coverage on shares of Strawberry Fields REIT in a research note on Wednesday. They issued a “buy” rating and a $13.50 price objective for the company.

Strawberry Fields REIT Stock Up 1.7 %

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

Institutional Investors Weigh In On Strawberry Fields REIT

A number of hedge funds have recently added to or reduced their stakes in STRW. Allspring Global Investments Holdings LLC acquired a new stake in shares of Strawberry Fields REIT in the 3rd quarter valued at $45,000. Rhumbline Advisers bought a new position in Strawberry Fields REIT in the second quarter valued at about $57,000. Barclays PLC increased its position in Strawberry Fields REIT by 302.3% in the third quarter. Barclays PLC now owns 8,697 shares of the company’s stock worth $110,000 after purchasing an additional 6,535 shares during the period. JPMorgan Chase & Co. raised its holdings in Strawberry Fields REIT by 186.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 9,572 shares of the company’s stock worth $121,000 after purchasing an additional 6,233 shares during the last quarter. Finally, Duncan Williams Asset Management LLC bought a new stake in Strawberry Fields REIT during the 3rd quarter worth about $192,000.

Insider Buying and Selling at Strawberry Fields REIT

In other Strawberry Fields REIT news, Director Jack Levine bought 5,000 shares of the firm’s stock in a transaction dated Thursday, December 5th. The shares were bought at an average price of $10.00 per share, for a total transaction of $50,000.00. Following the completion of the acquisition, the director now owns 108,927 shares of the company’s stock, valued at approximately $1,089,270. This trade represents a 4.81 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Alyeska Investment Group, L.P. sold 200,000 shares of the firm’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $10.25, for a total value of $2,050,000.00. Following the completion of the sale, the insider now owns 1,050,000 shares of the company’s stock, valued at approximately $10,762,500. This trade represents a 16.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have purchased 154,547 shares of company stock worth $1,586,276 over the last three months. Company insiders own 10.60% of the company’s stock.

Strawberry Fields REIT Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 16th were paid a $0.14 dividend. This is a positive change from Strawberry Fields REIT’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Monday, December 16th. This represents a $0.56 annualized dividend and a yield of 5.06%. Strawberry Fields REIT’s payout ratio is currently 101.96%.

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.