Strawberry Fields REIT, Inc. (NASDAQ:STRW) Plans Quarterly Dividend of $0.14

Strawberry Fields REIT, Inc. (NASDAQ:STRW) declared a quarterly dividend on Friday, February 21st, Wall Street Journal reports. Investors of record on Monday, March 17th will be given a dividend of 0.14 per share on Monday, March 31st. This represents a $0.56 annualized dividend and a yield of 4.46%. The ex-dividend date is Monday, March 17th.

Strawberry Fields REIT has a dividend payout ratio of 66.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Strawberry Fields REIT to earn $1.26 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 44.4%.

Strawberry Fields REIT Stock Performance

Shares of STRW opened at $12.56 on Friday. Strawberry Fields REIT has a 52-week low of $6.56 and a 52-week high of $12.90. The company has a market capitalization of $93.96 million, a price-to-earnings ratio of 24.63, a price-to-earnings-growth ratio of 1.16 and a beta of 0.47.

Institutional Investors Weigh In On Strawberry Fields REIT

An institutional investor recently raised its position in Strawberry Fields REIT stock. Bank of America Corp DE lifted its position in shares of Strawberry Fields REIT, Inc. (NASDAQ:STRW) by 52.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,725 shares of the company’s stock after acquiring an additional 1,634 shares during the period. Bank of America Corp DE owned about 0.06% of Strawberry Fields REIT worth $50,000 at the end of the most recent reporting period.

Analysts Set New Price Targets

STRW has been the topic of a number of recent analyst reports. Compass Point set a $14.00 target price on Strawberry Fields REIT in a research report on Wednesday, January 15th. Wedbush upped their target price on Strawberry Fields REIT from $12.00 to $14.00 and gave the company an “outperform” rating in a research report on Wednesday, March 5th.

Strawberry Fields REIT Company Profile

Strawberry Fields REIT, Inc engages in the ownership, acquisition, development, and leasing of skilled nursing and certain other healthcare-related properties. The company was founded by Moishe Gubin in 2014 and is headquartered in South Bend, IN.