Wedbush Comments on Strawberry Fields REIT FY2024 Earnings

Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW - Free Report) - Stock analysts at Wedbush issued their FY2024 EPS estimates for Strawberry Fields REIT in a research note issued on Monday, January 6th. Wedbush analyst R. Anderson forecasts that the company will earn $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 equities research analysts have also recently weighed in on the company. Lake Street Capital initiated coverage on Strawberry Fields REIT in a research note on Wednesday. They set a "buy" rating and a $13.50 target price for the company. Janney Montgomery Scott started coverage on shares of 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.

Strawberry Fields REIT Stock Up 1.7 %

NYSEAMERICAN STRW traded up $0.18 on Wednesday, hitting $11.06. 238,257 shares of the stock were exchanged, compared to its average volume of 148,791. Strawberry Fields REIT has a fifty-two week low of $6.56 and a fifty-two week high of $12.90. The stock has a market capitalization of $82.73 million, a PE ratio of 21.69 and a beta of 0.22.

Strawberry Fields REIT Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 16th were given a dividend of $0.14 per share. This is an increase from Strawberry Fields REIT's previous quarterly dividend of $0.13. The ex-dividend date was Monday, December 16th. This represents a $0.56 annualized dividend and a yield of 5.06%. Strawberry Fields REIT's dividend payout ratio (DPR) is presently 101.96%.

Insider Transactions at Strawberry Fields REIT

In other news, Director Michael Blisko acquired 9,800 shares of Strawberry Fields REIT stock in a transaction that occurred on Thursday, December 19th. The shares were acquired at an average price of $10.25 per share, with a total value of $100,450.00. Following the completion of the purchase, the director now owns 224,680 shares of the company's stock, valued at approximately $2,302,970. This represents a 4.56 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 value of $2,050,000.00. Following the transaction, the insider now owns 1,050,000 shares in the company, valued at $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 purchased a total of 154,547 shares of company stock valued at $1,586,276 over the last three months. 10.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Strawberry Fields REIT

A number of institutional investors have recently added to or reduced their stakes in STRW. 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. State Street Corp raised its position in Strawberry Fields REIT by 4.1% in the third quarter. State Street Corp now owns 45,998 shares of the company's stock valued at $584,000 after purchasing an additional 1,796 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Strawberry Fields REIT by 20.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 16,174 shares of the company's stock worth $205,000 after purchasing an additional 2,774 shares in the last quarter. Duncan Williams Asset Management LLC acquired a new position in shares of Strawberry Fields REIT during the third quarter worth about $192,000. Finally, JPMorgan Chase & Co. boosted its position in shares of Strawberry Fields REIT by 186.7% in the third quarter. JPMorgan Chase & Co. now owns 9,572 shares of the company's stock worth $121,000 after buying an additional 6,233 shares during the period.

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.