Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its position in shares of Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) by 20.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,174 shares of the company’s stock after purchasing an additional 2,774 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.24% of Strawberry Fields REIT worth $205,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in STRW. Allspring Global Investments Holdings LLC bought a new position in shares of Strawberry Fields REIT during the third quarter valued at approximately $45,000. Rhumbline Advisers acquired a new position in Strawberry Fields REIT during the 2nd quarter valued at approximately $57,000. Finally, Duncan Williams Asset Management LLC acquired a new position in Strawberry Fields REIT during the 3rd quarter valued at approximately $192,000.

Strawberry Fields REIT Stock Performance

Shares of NYSEAMERICAN:STRW opened at $10.20 on Friday. Strawberry Fields REIT, Inc. has a fifty-two week low of $6.56 and a fifty-two week high of $12.90. The stock has a market capitalization of $76.30 million, a P/E ratio of 20.00 and a beta of 0.22.

Strawberry Fields REIT Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 16th will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 5.49%. The ex-dividend date of this dividend is Monday, December 16th. This is a boost from Strawberry Fields REIT’s previous quarterly dividend of $0.13. Strawberry Fields REIT’s payout ratio is 101.96%.

Analyst Ratings Changes

Separately, Janney Montgomery Scott assumed coverage on Strawberry Fields REIT in a research report on Wednesday. They issued a “buy” rating and a $12.50 target price on the stock.

Insider Transactions at Strawberry Fields REIT

In related 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 sale, the insider now owns 1,050,000 shares of the company’s stock, valued at $10,762,500. The trade was a 16.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Moishe Gubin purchased 17,600 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The shares were purchased at an average cost of $11.99 per share, with a total value of $211,024.00. Following the completion of the purchase, the chief executive officer now owns 467,700 shares in the company, valued at $5,607,723. This represents a 3.91 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 144,547 shares of company stock worth $1,483,854. Company insiders own 10.60% of the company’s stock.

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.