Strawberry Fields REIT, Inc. (NASDAQ:STRW – Get Free Report) declared a quarterly dividend on Friday, February 21st, Wall Street Journal reports. Investors of record on Monday, March 17th will be paid a dividend of 0.14 per share on Monday, March 31st. This represents a $0.56 annualized dividend and a yield of 4.46%. The ex-dividend date of this dividend is Monday, March 17th.
Strawberry Fields REIT has a payout ratio of 66.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Strawberry Fields REIT to earn $1.26 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 44.4%.
Strawberry Fields REIT Price Performance
STRW opened at $12.56 on Friday. Strawberry Fields REIT has a 52 week low of $6.56 and a 52 week high of $12.90. The firm has a market cap of $93.96 million, a PE ratio of 24.63, a PEG ratio of 1.16 and a beta of 0.47.
Institutional Inflows and Outflows
Wall Street Analyst Weigh In
Several research analysts have recently commented on the company. Wedbush raised their price target on Strawberry Fields REIT from $12.00 to $14.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 5th. Compass Point set a $14.00 price target on Strawberry Fields REIT in a research report on Wednesday, January 15th.
Get Our Latest Research Report on STRW
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.
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