Strawberry Fields REIT (NYSEAMERICAN:STRW) Upgraded at Compass Point

Compass Point upgraded shares of Strawberry Fields REIT (NYSEAMERICAN:STRW) to a strong-buy rating in a research note issued to investors on Wednesday morning,Zacks.com reports.

STRW has been the subject of several other research reports. Janney Montgomery Scott initiated coverage on shares of Strawberry Fields REIT in a research note on Wednesday, December 18th. They issued a “buy” rating and a $12.50 target price for the company. Lake Street Capital started coverage on shares of Strawberry Fields REIT in a report on Wednesday, January 8th. They issued a “buy” rating and a $13.50 price target for the company. Finally, Wedbush began coverage on Strawberry Fields REIT in a research note on Monday, January 6th. They set an “outperform” rating and a $12.00 price objective on the stock. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $12.40.

Strawberry Fields REIT Price Performance

Strawberry Fields REIT stock opened at $11.18 on Wednesday. The stock has a market cap of $83.63 million, a PE ratio of 21.92, a P/E/G ratio of 1.10 and a beta of 0.51. Strawberry Fields REIT has a 1 year low of $6.56 and a 1 year high of $12.90.

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 $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 5.01%. The ex-dividend date was Monday, December 16th. This is a boost from Strawberry Fields REIT’s previous quarterly dividend of $0.13. Strawberry Fields REIT’s dividend payout ratio is 109.81%.

Insider Transactions at Strawberry Fields REIT

In other news, major shareholder Alyeska Investment Group, L.P. sold 200,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The shares were 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 of the company’s stock, valued at $10,762,500. This trade represents a 16.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jack Levine acquired 5,000 shares of the 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 acquisition, the director now directly owns 108,927 shares of the company’s stock, valued at $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 quarter. Corporate insiders own 10.60% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Rhumbline Advisers acquired a new stake in Strawberry Fields REIT in the 2nd quarter valued at $57,000. Duncan Williams Asset Management LLC bought a new position in shares of Strawberry Fields REIT in the 3rd quarter valued at about $192,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of Strawberry Fields REIT in the third quarter valued at about $45,000. Charles Schwab Investment Management Inc. raised 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 in the last quarter. Finally, State Street Corp raised its holdings in Strawberry Fields REIT by 4.1% during the third quarter. State Street Corp now owns 45,998 shares of the company’s stock worth $584,000 after acquiring an additional 1,796 shares in the last quarter.

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.