Strawberry Fields REIT (STRW) to Release Quarterly Earnings on Tuesday

Strawberry Fields REIT (NYSEAMERICAN:STRW - Get Free Report) is expected to be issuing its quarterly earnings data before the market opens on Tuesday, March 18th. Analysts expect the company to announce earnings of $0.29 per share for the quarter.

Strawberry Fields REIT Trading Up 0.8 %

Shares of STRW traded up $0.10 during midday trading on Thursday, reaching $12.56. 130,262 shares of the stock were exchanged, compared to its average volume of 69,495. Strawberry Fields REIT has a twelve month low of $6.56 and a twelve month high of $12.90. The stock has a market capitalization of $93.95 million, a P/E ratio of 24.63, a P/E/G ratio of 1.10 and a beta of 0.51. The firm has a 50 day moving average of $11.27.

Insiders Place Their Bets

In other news, Director Michael Blisko purchased 9,800 shares of Strawberry Fields REIT stock in a transaction dated Thursday, December 19th. The shares were bought at an average cost of $10.25 per share, for a total transaction of $100,450.00. Following the completion of the acquisition, the director now owns 224,680 shares in the company, valued at approximately $2,302,970. This trade represents a 4.56 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 10.60% of the company's stock.

Wall Street Analysts Forecast Growth

STRW has been the subject of a number of research reports. Compass Point initiated coverage on Strawberry Fields REIT in a report on Thursday, January 16th. They set a "buy" rating and a $14.00 target price for the company. Janney Montgomery Scott started coverage on Strawberry Fields REIT in a research note on Wednesday, December 18th. They issued a "buy" rating and a $12.50 price target for the company. Lake Street Capital started coverage on Strawberry Fields REIT in a research note on Wednesday, January 8th. They issued a "buy" rating and a $13.50 price target for the company. Finally, Wedbush started coverage on Strawberry Fields REIT in a research note on Monday, January 6th. They issued an "outperform" rating and a $12.00 price target for the company.

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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.