Strawberry Fields REIT (STRW) Projected to Post Quarterly Earnings on Tuesday

Strawberry Fields REIT (NYSEAMERICAN:STRW) is expected to be announcing its earnings results 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 Stock Up 0.7 %

Shares of NYSEAMERICAN:STRW opened at $12.30 on Tuesday. The firm has a market cap of $92.00 million, a P/E ratio of 24.12, a price-to-earnings-growth ratio of 1.10 and a beta of 0.51. The company has a 50 day moving average price of $11.14. Strawberry Fields REIT has a fifty-two week low of $6.56 and a fifty-two week high of $12.90.

Insider Buying and Selling

In other news, Director Michael Blisko bought 9,800 shares of the company’s stock in a transaction dated Thursday, December 19th. The stock was bought at an average price of $10.25 per share, with a total value of $100,450.00. Following the completion of the acquisition, the director now owns 224,680 shares of the company’s stock, valued at $2,302,970. This represents a 4.56 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. In the last three months, insiders acquired 19,600 shares of company stock valued at $201,782. 10.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

Strawberry Fields REIT Company Profile

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.