Strawberry Fields REIT, Inc. (NASDAQ:STRW) to Issue Quarterly Dividend of $0.14

Strawberry Fields REIT, Inc. (NASDAQ:STRW) 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

An institutional investor recently raised its position in Strawberry Fields REIT stock. Bank of America Corp DE increased its stake in Strawberry Fields REIT, Inc. (NASDAQ:STRW) by 52.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,725 shares of the company’s stock after acquiring an additional 1,634 shares during the period. Bank of America Corp DE owned approximately 0.06% of Strawberry Fields REIT worth $50,000 at the end of the most recent reporting period.

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.

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.