Short Interest in Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) Expands By 140.6%

Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) was the recipient of a large increase in short interest in the month of May. As of May 31st, there was short interest totalling 7,700 shares, an increase of 140.6% from the May 15th total of 3,200 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average trading volume of 7,800 shares, the short-interest ratio is currently 1.0 days.

Strawberry Fields REIT Stock Performance

NYSEAMERICAN:STRW traded down $0.04 during mid-day trading on Friday, hitting $10.97. The company’s stock had a trading volume of 6,999 shares, compared to its average volume of 13,093. Strawberry Fields REIT has a 1 year low of $5.93 and a 1 year high of $11.25. The firm has a market cap of $70.65 million, a price-to-earnings ratio of 25.51 and a beta of 0.21.

Strawberry Fields REIT Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 17th will be paid a dividend of $0.13 per share. This is a positive change from Strawberry Fields REIT’s previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a dividend yield of 4.74%. The ex-dividend date is Monday, June 17th. Strawberry Fields REIT’s dividend payout ratio is presently 111.63%.

About Strawberry Fields REIT

Strawberry Fields REIT, Inc, is a self-administered real estate investment trust engaged in the ownership, acquisition, development and leasing of skilled nursing and certain other healthcare-related properties. The Company's portfolio includes 109 healthcare facilities with an aggregate of 12,449 bed, located throughout the states of Arkansas, Illinois, Indiana, Kentucky, Michigan, Ohio, Oklahoma, Tennessee and Texas.