State Street Corp Acquires 1,796 Shares of Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW)

State Street Corp lifted its holdings in shares of Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) by 4.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,998 shares of the company’s stock after purchasing an additional 1,796 shares during the quarter. State Street Corp owned 0.61% of Strawberry Fields REIT worth $584,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Rhumbline Advisers bought a new position in Strawberry Fields REIT during the 2nd quarter worth about $57,000. Duncan Williams Asset Management LLC bought a new position in shares of Strawberry Fields REIT during the third quarter worth about $192,000. Allspring Global Investments Holdings LLC bought a new position in shares of Strawberry Fields REIT during the third quarter worth about $45,000. Finally, Charles Schwab Investment Management Inc. raised its position in Strawberry Fields REIT by 20.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 16,174 shares of the company’s stock valued at $205,000 after buying an additional 2,774 shares during the last quarter.

Insider Buying and Selling

In related news, major shareholder Alyeska Investment Group, L.P. sold 200,000 shares of Strawberry Fields REIT stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $10.25, for a total transaction of $2,050,000.00. Following the completion of the sale, the insider now owns 1,050,000 shares of the company’s stock, valued at approximately $10,762,500. The trade was a 16.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Moishe Gubin purchased 112,347 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The stock was bought at an average price of $10.00 per share, for a total transaction of $1,123,470.00. Following the purchase, the chief executive officer now owns 700,667 shares in the company, valued at $7,006,670. The trade was a 19.10 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 154,547 shares of company stock worth $1,586,276. Insiders own 10.60% of the company’s stock.

Strawberry Fields REIT Stock Performance

STRW opened at $10.71 on Friday. Strawberry Fields REIT, Inc. has a 52-week low of $6.56 and a 52-week high of $12.90. The stock has a market cap of $80.11 million, a P/E ratio of 21.00 and a beta of 0.22.

Strawberry Fields REIT Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 16th were paid a dividend of $0.14 per share. The ex-dividend date was Monday, December 16th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 5.23%. This is a boost from Strawberry Fields REIT’s previous quarterly dividend of $0.13. Strawberry Fields REIT’s dividend payout ratio is currently 101.96%.

Wall Street Analyst Weigh In

Separately, Janney Montgomery Scott initiated coverage on Strawberry Fields REIT in a research report on Wednesday, December 18th. They set a “buy” rating and a $12.50 price target for the company.

Strawberry Fields REIT Profile

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.