Colliers Securities analyst Barry Oxford maintained a Buy rating on Strawberry Fields REIT Inc (STRW – Research Report) today and set a price target of $12.00.
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Barry Oxford has given his Buy rating due to a combination of factors influencing Strawberry Fields REIT Inc. The company has demonstrated strong financial performance, with Funds from Operations (FFO) and Adjusted Funds from Operations (AFFO) surpassing expectations. Additionally, the company has successfully collected all contractual rents, and rental revenues have seen a significant year-over-year increase due to new master leases.
Moreover, the company’s strategic acquisitions, including healthcare facilities in Kansas and Oklahoma, are expected to bolster earnings per share in the future. The balance sheet remains robust, with a manageable debt-to-market capitalization ratio and a favorable debt maturity profile. The valuation of Strawberry Fields REIT is compelling, with a price target suggesting a substantial return potential, further supported by a solid dividend yield. These factors collectively underpin the Buy rating assigned by Barry Oxford.
In another report released today, Lake Street also reiterated a Buy rating on the stock with a $13.50 price target.
Based on the recent corporate insider activity of 15 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.