Lake Street Capital Begins Coverage on Strawberry Fields REIT (NYSEAMERICAN:STRW)

Equities researchers at Lake Street Capital began coverage on shares of Strawberry Fields REIT (NYSEAMERICAN:STRW) in a research note issued to investors on Wednesday, MarketBeat.com reports. The brokerage set a “buy” rating and a $13.50 price target on the stock. Lake Street Capital’s price target suggests a potential upside of 22.06% from the company’s previous close.

A number of other research firms have also recently commented on STRW. Wedbush started coverage on Strawberry Fields REIT in a research report on Monday. They set an “outperform” rating and a $12.00 price objective for the company. Janney Montgomery Scott started coverage on Strawberry Fields REIT in a report on Wednesday, December 18th. They issued a “buy” rating and a $12.50 target price on the stock.

Strawberry Fields REIT Stock Up 1.7 %

Shares of STRW stock opened at $11.06 on Wednesday. Strawberry Fields REIT has a 52 week low of $6.56 and a 52 week high of $12.90. The firm has a market capitalization of $82.73 million, a P/E ratio of 21.69 and a beta of 0.22.

Insider Buying and Selling at Strawberry Fields REIT

In other news, CEO Moishe Gubin purchased 17,600 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The stock was acquired at an average cost of $11.99 per share, with a total value of $211,024.00. Following the completion of the transaction, 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 purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Alyeska Investment Group, L.P. sold 200,000 shares of Strawberry Fields REIT 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 completion of the transaction, the insider now directly owns 1,050,000 shares in the company, valued at approximately $10,762,500. The trade was a 16.00 % decrease in their position. The disclosure for this sale can be found here. Insiders purchased a total of 154,547 shares of company stock valued at $1,586,276 in the last three months. Company insiders own 10.60% of the company’s stock.

Institutional Investors Weigh In On Strawberry Fields REIT

Large investors have recently made changes to their positions in the stock. State Street Corp increased its holdings in shares of Strawberry Fields REIT by 4.1% during the 3rd quarter. State Street Corp now owns 45,998 shares of the company’s stock valued at $584,000 after purchasing an additional 1,796 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Strawberry Fields REIT by 20.7% in 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 in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of Strawberry Fields REIT in the third quarter worth about $45,000. Rhumbline Advisers purchased a new stake in shares of Strawberry Fields REIT during the 2nd quarter worth about $57,000. Finally, JPMorgan Chase & Co. grew its position in shares of Strawberry Fields REIT by 186.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 9,572 shares of the company’s stock valued at $121,000 after acquiring an additional 6,233 shares during the period.

About Strawberry Fields REIT

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.