Strawberry Fields REIT (NASDAQ:STRW) Given New $14.00 Price Target at Wedbush

Strawberry Fields REIT (NASDAQ:STRW - Free Report) had its target price lifted by Wedbush from $12.00 to $14.00 in a report released on Wednesday,Benzinga reports. Wedbush currently has an outperform rating on the stock. Wedbush also issued estimates for Strawberry Fields REIT's Q1 2025 earnings at $0.28 EPS, Q2 2025 earnings at $0.30 EPS, Q3 2025 earnings at $0.31 EPS, Q4 2025 earnings at $0.31 EPS, FY2025 earnings at $1.20 EPS, Q1 2026 earnings at $0.32 EPS, Q2 2026 earnings at $0.33 EPS, Q3 2026 earnings at $0.33 EPS, Q4 2026 earnings at $0.34 EPS and FY2026 earnings at $1.32 EPS.

Separately, Compass Point set a $14.00 price objective on Strawberry Fields REIT in a research note on Wednesday, January 15th.

Strawberry Fields REIT Stock Performance

Strawberry Fields REIT stock traded up $0.18 during trading on Wednesday, reaching $12.22. 59,671 shares of the company were exchanged, compared to its average volume of 68,036. Strawberry Fields REIT has a 52-week low of $6.56 and a 52-week high of $12.90. The company has a market cap of $91.42 million, a price-to-earnings ratio of 23.96, a PEG ratio of 1.16 and a beta of 0.47.

Strawberry Fields REIT Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 4.58%. The ex-dividend date of this dividend is Monday, March 17th. Strawberry Fields REIT's payout ratio is currently 98.25%.

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Institutional Trading of Strawberry Fields REIT

Several institutional investors and hedge funds have recently made changes to their positions in STRW. Wells Fargo & Company MN lifted its holdings in shares of Strawberry Fields REIT by 39.6% in the 4th quarter. Wells Fargo & Company MN now owns 3,902 shares of the company's stock valued at $41,000 after purchasing an additional 1,107 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Strawberry Fields REIT by 52.9% in the 4th quarter. Bank of America Corp DE now owns 4,725 shares of the company's stock valued at $50,000 after purchasing an additional 1,634 shares during the last quarter. BNP Paribas Financial Markets purchased a new stake in shares of Strawberry Fields REIT in the 4th quarter valued at about $84,000. Pentwater Capital Management LP purchased a new stake in shares of Strawberry Fields REIT in the 4th quarter valued at about $105,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Strawberry Fields REIT in the 4th quarter valued at about $109,000.

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.