Wedbush Comments on Strawberry Fields REIT FY2024 Earnings

Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) – Research 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 anticipates that the company will post earnings of $1.08 per share for the year. Wedbush has a “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 and FY2025 earnings at $1.23 EPS.

Several other research firms have also recently weighed in on STRW. Janney Montgomery Scott initiated coverage on Strawberry Fields REIT in a research report on Wednesday, December 18th. They set a “buy” rating and a $12.50 price objective for the company. Lake Street Capital initiated coverage on shares of Strawberry Fields REIT in a report on Wednesday. They set a “buy” rating and a $13.50 price objective for the company.

Strawberry Fields REIT Price Performance

STRW stock opened at $11.06 on Wednesday. The firm has a market capitalization of $82.73 million, a P/E ratio of 21.69 and a beta of 0.22. Strawberry Fields REIT has a 1 year low of $6.56 and a 1 year high of $12.90.

Hedge Funds Weigh In On Strawberry Fields REIT

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

Insider Activity

In other Strawberry Fields REIT news, major shareholder Alyeska Investment Group, L.P. sold 200,000 shares of Strawberry Fields REIT stock in a transaction that occurred 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 transaction, the insider now owns 1,050,000 shares of the company’s stock, valued at approximately $10,762,500. The trade was a 16.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Moishe Gubin acquired 17,600 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were bought at an average cost of $11.99 per share, with a total value of $211,024.00. Following the transaction, the chief executive officer now directly owns 467,700 shares of the company’s stock, valued at $5,607,723. This represents a 3.91 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought 154,547 shares of company stock valued at $1,586,276 over the last 90 days. 10.60% of the stock is owned by company insiders.

Strawberry Fields REIT Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 16th were paid a $0.14 dividend. This is a boost from Strawberry Fields REIT’s previous quarterly dividend of $0.13. This represents a $0.56 annualized dividend and a dividend yield of 5.06%. The ex-dividend date of this dividend was Monday, December 16th. Strawberry Fields REIT’s dividend payout ratio (DPR) is 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.