Barry Oxford, an analyst from Colliers Securities, maintained the Buy rating on Strawberry Fields REIT Inc (STRW – Research Report). The associated price target remains the same with $13.00.
Barry Oxford has given his Buy rating due to a combination of factors that underscore the potential growth and stability of Strawberry Fields REIT Inc. The company is strategically invested in skilled nursing facilities, long-term care hospitals, and assisted living facilities, primarily in second-tier cities in the Midwest and Southwest. These assets are leased to high-credit healthcare operators, which positions the company favorably in the market.
Strawberry Fields REIT’s stock is trading at an attractive valuation compared to its peers, with a notable growth rate driven by acquisitions. The company’s recent acquisitions in Missouri, Oklahoma, and Kansas are expected to be accretive, enhancing earnings per share by 2025. Additionally, the company’s balance sheet is robust, with a manageable debt-to-market capitalization ratio. The recent issuance of common shares has bolstered their financial position, and the increased dividend payout reflects confidence in their financial health and future cash flow growth.
In another report released today, Alliance Global Partners also reiterated a Buy rating on the stock with a $14.00 price target.
Based on the recent corporate insider activity of 12 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of STRW in relation to earlier this year.