Barclays PLC Boosts Stock Holdings in Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW)

Barclays PLC lifted its stake in Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) by 302.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,697 shares of the company’s stock after buying 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 hedge funds and other institutional investors also recently modified their holdings of STRW. Geode Capital Management LLC boosted its position in Strawberry Fields REIT by 14.1% during the 3rd quarter. Geode Capital Management LLC now owns 98,445 shares of the company’s stock valued at $1,249,000 after buying an additional 12,129 shares during the period. State Street Corp raised its stake 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 acquiring an additional 1,796 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings 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 worth $205,000 after purchasing an additional 2,774 shares during the period. Duncan Williams Asset Management LLC bought a new stake in shares of Strawberry Fields REIT in the third quarter worth about $192,000. Finally, Rhumbline Advisers purchased a new position in Strawberry Fields REIT during the 2nd quarter valued at about $57,000.

Strawberry Fields REIT Stock Performance

Strawberry Fields REIT stock opened at $11.10 on Friday. Strawberry Fields REIT, Inc. has a one year low of $6.56 and a one year high of $12.90. The firm has a market cap of $83.03 million, a P/E ratio of 21.77, a price-to-earnings-growth ratio of 1.10 and a beta of 0.51.

Strawberry Fields REIT Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 16th were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 5.05%. The ex-dividend date of this dividend was Monday, December 16th. This is an increase from Strawberry Fields REIT’s previous quarterly dividend of $0.13. Strawberry Fields REIT’s dividend payout ratio (DPR) is presently 109.81%.

Insider Activity

In other Strawberry Fields REIT news, 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 transaction, the insider now owns 1,050,000 shares of the company’s stock, valued at approximately $10,762,500. This represents a 16.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jack Levine purchased 5,000 shares of Strawberry Fields REIT stock in a transaction dated Thursday, December 5th. The shares were acquired at an average cost of $10.00 per share, with a total value of $50,000.00. Following the transaction, the director now directly owns 108,927 shares in the company, valued at approximately $1,089,270. The trade was a 4.81 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 154,547 shares of company stock valued at $1,586,276 over the last three months. Insiders own 10.60% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Wedbush started coverage on Strawberry Fields REIT in a research report on Monday, January 6th. They issued an “outperform” rating and a $12.00 price objective on the stock. Janney Montgomery Scott started coverage on shares of Strawberry Fields REIT in a report on Wednesday, December 18th. They issued a “buy” rating and a $12.50 price target on the stock. Lake Street Capital initiated coverage on shares of Strawberry Fields REIT in a report on Wednesday, January 8th. They issued a “buy” rating and a $13.50 price objective for the company. Finally, Compass Point started coverage on shares of Strawberry Fields REIT in a research note on Thursday, January 16th. They set a “buy” rating and a $14.00 target price on the stock. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $12.40.

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.