Strawberry Fields REIT, Inc. (STRW) To Go Ex-Dividend on March 17th

Strawberry Fields REIT, Inc. (NASDAQ:STRW) announced a quarterly dividend on Friday, February 21st, Wall Street Journal reports. Shareholders of record on Monday, March 17th will be given a dividend of 0.14 per share on Monday, March 31st. This represents a $0.56 dividend on an annualized basis 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. 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

Shares of STRW stock opened at $12.56 on Friday. Strawberry Fields REIT has a twelve month low of $6.56 and a twelve month high of $12.90. The stock has a market capitalization of $93.96 million, a P/E ratio of 24.63, a PEG ratio of 1.16 and a beta of 0.47.

Institutional Trading of Strawberry Fields REIT

An institutional investor recently raised its position in Strawberry Fields REIT stock. Bank of America Corp DE lifted its position in shares of Strawberry Fields REIT, Inc. (NASDAQ:STRW) by 52.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 4,725 shares of the company’s stock after purchasing an additional 1,634 shares during the quarter. Bank of America Corp DE owned about 0.06% of Strawberry Fields REIT worth $50,000 as of its most recent filing with the SEC.

Analysts Set New Price Targets

Several research firms have commented on STRW. Compass Point set a $14.00 price target on Strawberry Fields REIT in a report on Wednesday, January 15th. Wedbush lifted their price target on Strawberry Fields REIT from $12.00 to $14.00 and gave the company an “outperform” rating in a report on Wednesday, March 5th.

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.