Wedbush Weighs in on Strawberry Fields REIT FY2024 Earnings

Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) – Stock analysts at Wedbush issued their FY2024 earnings estimates for Strawberry Fields REIT in a research note issued to investors 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 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.

Separately, Janney Montgomery Scott began coverage on shares of Strawberry Fields REIT in a research note on Wednesday, December 18th. They set a “buy” rating and a $12.50 price objective for the company.

Strawberry Fields REIT Trading Up 5.8 %

Strawberry Fields REIT stock opened at $10.88 on Wednesday. Strawberry Fields REIT has a fifty-two week low of $6.56 and a fifty-two week high of $12.90. The firm has a market capitalization of $81.38 million, a price-to-earnings ratio of 21.33 and a beta of 0.22.

Hedge Funds Weigh In On Strawberry Fields REIT

Hedge funds have recently made changes to their positions in the stock. Duncan Williams Asset Management LLC acquired a new position in Strawberry Fields REIT during the third quarter valued at approximately $192,000. Geode Capital Management LLC lifted its holdings in shares of Strawberry Fields REIT by 14.1% during the 3rd quarter. Geode Capital Management LLC now owns 98,445 shares of the company’s stock valued at $1,249,000 after acquiring an additional 12,129 shares in the last quarter. Barclays PLC boosted its position in Strawberry Fields REIT by 302.3% during the 3rd 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. increased its holdings in Strawberry Fields REIT by 186.7% in the 3rd 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, Rhumbline Advisers purchased a new position in Strawberry Fields REIT in the second quarter valued at about $57,000.

Insider Activity at Strawberry Fields REIT

In other Strawberry Fields REIT news, CEO Moishe Gubin purchased 17,600 shares of the stock in a transaction on Tuesday, December 3rd. The stock was bought at an average price of $11.99 per share, for a total transaction of $211,024.00. Following the acquisition, 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 purchase was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Alyeska Investment Group, L.P. sold 200,000 shares of the stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $10.25, for a total transaction of $2,050,000.00. Following the transaction, the insider now owns 1,050,000 shares in the company, valued at approximately $10,762,500. The trade was a 16.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have bought 154,547 shares of company stock valued at $1,586,276. Company insiders own 10.60% of the company’s stock.

Strawberry Fields REIT Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 16th were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 5.15%. The ex-dividend date was Monday, December 16th. This is a positive change from Strawberry Fields REIT’s previous quarterly dividend of $0.13. 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.