Strawberry Fields REIT (NYSEAMERICAN:STRW) Now Covered by Analysts at Wedbush

Wedbush assumed coverage on shares of Strawberry Fields REIT (NYSEAMERICAN:STRW) in a research report released on Monday morning, MarketBeat reports. The brokerage issued an outperform rating and a $12.00 price objective on the stock.

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

Strawberry Fields REIT Stock Performance

NYSEAMERICAN STRW opened at $10.28 on Monday. The company has a market cap of $76.89 million, a P/E ratio of 20.16 and a beta of 0.22. Strawberry Fields REIT has a twelve month low of $6.56 and a twelve month high of $12.90.

Strawberry Fields REIT Increases Dividend

The firm also recently declared 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. This represents a $0.56 annualized dividend and a dividend yield of 5.45%. The ex-dividend date of this dividend was Monday, December 16th. This is a boost from Strawberry Fields REIT’s previous quarterly dividend of $0.13. Strawberry Fields REIT’s dividend payout ratio (DPR) is currently 101.96%.

Insider Transactions at Strawberry Fields REIT

In other Strawberry Fields REIT news, CEO Moishe Gubin acquired 17,600 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The stock was purchased at an average price of $11.99 per share, with a total value of $211,024.00. Following the completion of the purchase, the chief executive officer now directly owns 467,700 shares in the company, valued at approximately $5,607,723. The trade was a 3.91 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Alyeska Investment Group, L.P. sold 200,000 shares of the stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $10.25, for a total value of $2,050,000.00. Following the sale, the insider now owns 1,050,000 shares of the company’s stock, valued at $10,762,500. This represents a 16.00 % decrease in their position. The disclosure for this sale can be found here. Insiders purchased 154,547 shares of company stock worth $1,586,276 in the last three months. Corporate insiders own 10.60% of the company’s stock.

Institutional Trading of Strawberry Fields REIT

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. increased its stake in Strawberry Fields REIT by 186.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 9,572 shares of the company’s stock worth $121,000 after acquiring an additional 6,233 shares during the last quarter. Barclays PLC grew its holdings in shares of Strawberry Fields REIT by 302.3% in the third quarter. Barclays PLC now owns 8,697 shares of the company’s stock valued at $110,000 after purchasing an additional 6,535 shares in the last quarter. Geode Capital Management LLC increased its position in Strawberry Fields REIT by 14.1% in the third quarter. Geode Capital Management LLC now owns 98,445 shares of the company’s stock worth $1,249,000 after purchasing an additional 12,129 shares during the last quarter. State Street Corp raised its stake in Strawberry Fields REIT by 4.1% during the third quarter. State Street Corp now owns 45,998 shares of the company’s stock valued at $584,000 after purchasing an additional 1,796 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Strawberry Fields REIT by 20.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 16,174 shares of the company’s stock valued at $205,000 after purchasing an additional 2,774 shares during the last quarter.

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.