Barclays PLC Grows Stake in Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW)

Barclays PLC raised its stake in Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) by 302.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,697 shares of the company’s stock after acquiring an additional 6,535 shares during the period. Barclays PLC owned approximately 0.12% of Strawberry Fields REIT worth $110,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Duncan Williams Asset Management LLC purchased a new stake in shares of Strawberry Fields REIT during the third quarter valued at $192,000. Rhumbline Advisers purchased a new stake in shares of Strawberry Fields REIT during the second quarter valued at $57,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Strawberry Fields REIT during the third quarter valued at $45,000. Charles Schwab Investment Management Inc. boosted its position in shares of 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 buying an additional 2,774 shares during the last quarter. Finally, State Street Corp boosted its position in shares of 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 buying an additional 1,796 shares during the last quarter.

Wall Street Analysts Forecast Growth

STRW has been the topic of several recent analyst reports. 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 objective on the stock. Wedbush initiated coverage on Strawberry Fields REIT in a research report on Monday. They set an “outperform” rating and a $12.00 price objective on the stock. Finally, Lake Street Capital started coverage on Strawberry Fields REIT in a research report on Wednesday. They set a “buy” rating and a $13.50 price objective on the stock.

Strawberry Fields REIT Stock Performance

NYSEAMERICAN:STRW opened at $11.06 on Thursday. Strawberry Fields REIT, Inc. has a 1 year low of $6.56 and a 1 year high of $12.90. The company has a market capitalization of $82.73 million, a price-to-earnings ratio of 21.69 and a beta of 0.22.

Strawberry Fields REIT Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 16th were paid a $0.14 dividend. This is an increase from Strawberry Fields REIT’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Monday, December 16th. This represents a $0.56 dividend on an annualized basis and a yield of 5.06%. Strawberry Fields REIT’s payout ratio is presently 101.96%.

Insiders Place Their Bets

In other news, major shareholder Alyeska Investment Group, L.P. sold 200,000 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $10.25, for a total transaction of $2,050,000.00. Following the transaction, 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Michael Blisko bought 9,800 shares of the business’s stock in a transaction dated Thursday, December 19th. The shares were bought at an average cost of $10.25 per share, for a total transaction of $100,450.00. Following the transaction, the director now owns 224,680 shares in the company, valued at approximately $2,302,970. The trade was a 4.56 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought a total of 154,547 shares of company stock valued at $1,586,276 in the last quarter. 10.60% of the stock is currently owned by insiders.

Strawberry Fields REIT Company 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.