JPMorgan Chase & Co. Purchases 6,233 Shares of Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW)

JPMorgan Chase & Co. lifted its position in shares of Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) by 186.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,572 shares of the company’s stock after acquiring an additional 6,233 shares during the period. JPMorgan Chase & Co. owned approximately 0.13% of Strawberry Fields REIT worth $121,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in STRW. Allspring Global Investments Holdings LLC acquired a new position in shares of Strawberry Fields REIT during the third quarter valued at about $45,000. Charles Schwab Investment Management Inc. lifted its holdings 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 worth $205,000 after acquiring an additional 2,774 shares during the period. State Street Corp boosted its holdings in shares of Strawberry Fields REIT by 4.1% in the 3rd quarter. State Street Corp now owns 45,998 shares of the company’s stock worth $584,000 after buying an additional 1,796 shares during the last quarter. Barclays PLC grew its position in shares of Strawberry Fields REIT by 302.3% during the 3rd quarter. Barclays PLC now owns 8,697 shares of the company’s stock valued at $110,000 after acquiring an additional 6,535 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of Strawberry Fields REIT by 14.1% in the third 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.

Analyst Upgrades and Downgrades

STRW has been the subject of a number of research analyst reports. Compass Point assumed coverage on Strawberry Fields REIT in a research report on Thursday, January 16th. They set a “buy” rating and a $14.00 price target for the company. Janney Montgomery Scott began coverage on Strawberry Fields REIT in a research note on Wednesday, December 18th. They issued a “buy” rating and a $12.50 target price on the stock. Wedbush started coverage on shares of Strawberry Fields REIT in a research note on Monday, January 6th. They issued an “outperform” rating and a $12.00 price target for the company. Finally, Lake Street Capital assumed coverage on Strawberry Fields REIT in a research note on Wednesday, January 8th. They set a “buy” rating and a $13.50 price objective on the stock.

Insider Buying and Selling at Strawberry Fields REIT

In other Strawberry Fields REIT news, Director Jack Levine bought 5,000 shares of the firm’s stock in a transaction dated Thursday, December 5th. The stock was acquired at an average price of $10.00 per share, for a total transaction of $50,000.00. Following the completion of the purchase, the director now owns 108,927 shares of the company’s stock, valued at approximately $1,089,270. This represents a 4.81 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael Blisko purchased 9,800 shares of the firm’s stock in a transaction that occurred on Thursday, December 19th. The stock was acquired at an average price of $10.25 per share, for a total transaction of $100,450.00. Following the completion of the purchase, the director now owns 224,680 shares of the company’s stock, valued at approximately $2,302,970. This represents a 4.56 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have bought 154,547 shares of company stock valued at $1,586,276. Insiders own 10.60% of the company’s stock.

Strawberry Fields REIT Stock Performance

Shares of NYSEAMERICAN STRW opened at $11.20 on Monday. Strawberry Fields REIT, Inc. has a 12 month low of $6.56 and a 12 month high of $12.90. The company has a market cap of $83.78 million, a PE ratio of 21.96, a PEG ratio of 1.10 and a beta of 0.51.

Strawberry Fields REIT Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 16th were paid a dividend of $0.14 per share. This is an increase from Strawberry Fields REIT’s previous quarterly dividend of $0.13. This represents a $0.56 annualized dividend and a yield of 5.00%. The ex-dividend date of this dividend was Monday, December 16th. Strawberry Fields REIT’s dividend payout ratio is presently 109.81%.

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.