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.
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