Strawberry Fields REIT, Inc. (NASDAQ:STRW – Get Free Report) 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
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.
Read Our Latest Stock 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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