Strawberry Fields REIT (NYSEAMERICAN:STRW) Research Coverage Started at Janney Montgomery Scott

Janney Montgomery Scott began coverage on shares of Strawberry Fields REIT (NYSEAMERICAN:STRW) in a research note issued to investors on Wednesday, MarketBeat reports. The firm issued a buy rating and a $12.50 price objective on the stock.

Strawberry Fields REIT Trading Up 4.4 %

Shares of NYSEAMERICAN:STRW opened at $10.65 on Wednesday. The firm has a market capitalization of $79.66 million, a price-to-earnings ratio of 20.88 and a beta of 0.22. Strawberry Fields REIT has a fifty-two week low of $6.56 and a fifty-two week high of $12.90.

Strawberry Fields REIT Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 16th will be issued 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 5.26%. The ex-dividend date is Monday, December 16th. Strawberry Fields REIT’s dividend payout ratio (DPR) is currently 101.96%.

Insider Buying and Selling at Strawberry Fields REIT

In other news, CEO Moishe Gubin acquired 17,600 shares of Strawberry Fields REIT stock in a transaction on Tuesday, December 3rd. The shares were purchased at an average price of $11.99 per share, with a total value of $211,024.00. Following the acquisition, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Michael Blisko acquired 9,600 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was purchased at an average price of $10.35 per share, with a total value of $99,360.00. Following the completion of the transaction, the director now owns 214,880 shares of the company’s stock, valued at approximately $2,224,008. This trade represents a 4.68 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 144,547 shares of company stock worth $1,483,854 over the last ninety days. Corporate insiders own 10.60% of the company’s stock.

Hedge Funds Weigh In On Strawberry Fields REIT

A number of hedge funds and other institutional investors have recently bought and sold shares of STRW. Duncan Williams Asset Management LLC acquired a new position in Strawberry Fields REIT during the third quarter valued at approximately $192,000. Geode Capital Management LLC boosted its position in shares of Strawberry Fields REIT by 14.1% during 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 in the last quarter. Barclays PLC grew its holdings in shares of Strawberry Fields REIT by 302.3% in the 3rd quarter. Barclays PLC now owns 8,697 shares of the company’s stock valued at $110,000 after buying an additional 6,535 shares during the period. Rhumbline Advisers acquired a new position in shares of Strawberry Fields REIT in the 2nd quarter valued at $57,000. Finally, Allspring Global Investments Holdings LLC bought a new stake in shares of Strawberry Fields REIT in the 3rd quarter valued at $45,000.

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.