Wedbush Predicts Strawberry Fields REIT FY2024 Earnings

Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) – Investment analysts at Wedbush issued their FY2024 earnings per share (EPS) estimates for Strawberry Fields REIT in a research note issued on Monday, January 6th. Wedbush analyst R. Anderson expects that the company will post earnings of $1.08 per share for the year. Wedbush has a “Outperform” rating and a $12.00 price target 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.

A number of other research analysts have also recently issued reports on the stock. Janney Montgomery Scott assumed coverage on shares of Strawberry Fields REIT in a report on Wednesday, December 18th. They issued a “buy” rating and a $12.50 target price for the company. Lake Street Capital initiated coverage on Strawberry Fields REIT in a report on Wednesday. They set a “buy” rating and a $13.50 price objective for the company.

Strawberry Fields REIT Trading Up 1.7 %

Shares of STRW stock opened at $11.06 on Wednesday. Strawberry Fields REIT has a twelve month low of $6.56 and a twelve month high of $12.90. The company has a market capitalization of $82.73 million, a price-to-earnings ratio of 21.69 and a beta of 0.22.

Institutional Trading of Strawberry Fields REIT

A number of institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. grew its position in 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 last quarter. Barclays PLC grew its holdings in shares of Strawberry Fields REIT by 302.3% in the 3rd quarter. Barclays PLC now owns 8,697 shares of the company’s stock worth $110,000 after acquiring an additional 6,535 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Strawberry Fields REIT by 14.1% during the third quarter. Geode Capital Management LLC now owns 98,445 shares of the company’s stock worth $1,249,000 after purchasing an additional 12,129 shares during the period. State Street Corp lifted its holdings in shares of Strawberry Fields REIT by 4.1% during 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 last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Strawberry Fields REIT by 20.7% in the 3rd 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.

Insider Buying and Selling at Strawberry Fields REIT

In other Strawberry Fields REIT news, Director Michael Blisko bought 9,600 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were purchased at an average price of $10.35 per share, with a total value of $99,360.00. Following the completion of the acquisition, the director now directly owns 214,880 shares of the company’s stock, valued at approximately $2,224,008. The trade was a 4.68 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Moishe Gubin purchased 112,347 shares of the company’s stock in a transaction dated Thursday, December 5th. The shares were bought at an average price of $10.00 per share, for a total transaction of $1,123,470.00. Following the completion of the transaction, the chief executive officer now directly owns 700,667 shares in the company, valued at approximately $7,006,670. This trade represents a 19.10 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired a total of 154,547 shares of company stock valued at $1,586,276 in the last three months. Corporate insiders own 10.60% of the company’s stock.

Strawberry Fields REIT Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 16th were issued a dividend of $0.14 per share. The ex-dividend date of this dividend was Monday, December 16th. This is an increase from Strawberry Fields REIT’s previous quarterly dividend of $0.13. This represents a $0.56 annualized dividend and a yield of 5.06%. Strawberry Fields REIT’s payout ratio is currently 101.96%.

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.