tiprankstipranks
Strawberry Fields REIT initiated with an Outperform at Wedbush
The Fly

Strawberry Fields REIT initiated with an Outperform at Wedbush

Wedbush analyst Richard Anderson initiated coverage of Strawberry Fields REIT (STRW) with an Outperform rating and $12 price target Following recently completed and accretive transactions, Strawberry Fields owns a portfolio of predominantly skilled nursing facilities containing 14,540 beds in 11 states, the analyst tells investors in a research note. The firm says the overall sources and uses program is likely to be regularly accretive given its “unwavering investment approach that accepts nothing less than a double-digit return.” Wedbush expects “sneaky outperformance” of the shares despite the risks around a new administration and its potential spending cut initiatives.

Invest with Confidence:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App