Strawberry Fields REIT Raises Price Target to $16, Secures $300M Credit Facility after 100% Rent Collection
Analyst Gaurav Mehta lifted Strawberry Fields REIT’s price target to $16.00 from $13.23, implying roughly 20.94% upside after full Q1 rent collections. The REIT, with 143 healthcare facilities and 15,600 beds across Arkansas, Illinois and Texas, secured a $300 million credit facility and declared a $0.17 Q2 dividend.
1. Analyst Price Target Increase
Gaurav Mehta of Industrial Alliance Securities raised Strawberry Fields REIT’s price target to $16.00 per share, up from $13.23, signaling an anticipated 20.94% gain based on current trading levels.
2. Q1 Operational Performance
The REIT achieved 100% collection of contractual rents in the first quarter of 2026, underlining tenant stability across its 143 healthcare properties. The portfolio encompasses 15,600 beds located in Arkansas, Illinois and Texas, reflecting high occupancy rates.
3. Credit Facility and Dividend
Strawberry Fields REIT arranged a $300 million corporate credit facility aimed at refinancing debt and backing new acquisitions, including a recent hospital campus purchase. The board also approved a $0.17 per share cash dividend for Q2 2026 to reward shareholders.