Strawberry Fields REIT (NYSEAMERICAN:STRW) Coverage Initiated at Compass Point

Research analysts at Compass Point initiated coverage on shares of Strawberry Fields REIT (NYSEAMERICAN:STRW) in a research note issued on Thursday, Marketbeat reports. The brokerage set a “buy” rating and a $14.00 price target on the stock. Compass Point’s price objective would suggest a potential upside of 25.22% from the company’s previous close.

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

Strawberry Fields REIT Stock Performance

NYSEAMERICAN STRW opened at $11.18 on Thursday. The firm has a market cap of $83.63 million, a PE ratio of 21.92, a PEG ratio of 1.10 and a beta of 0.51. Strawberry Fields REIT has a 52 week low of $6.56 and a 52 week high of $12.90.

Insider Activity

In related news, CEO Moishe Gubin bought 112,347 shares of the stock in a transaction dated Thursday, December 5th. The stock was bought at an average cost of $10.00 per share, with a total value of $1,123,470.00. Following the completion of the acquisition, the chief executive officer now owns 700,667 shares of the company’s stock, valued at $7,006,670. This trade represents a 19.10 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Alyeska Investment Group, L.P. sold 200,000 shares of the stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $10.25, for a total value of $2,050,000.00. Following the sale, the insider now owns 1,050,000 shares in the company, valued at $10,762,500. The trade was a 16.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders bought 154,547 shares of company stock worth $1,586,276. 10.60% of the stock is currently owned by insiders.

Institutional Trading of Strawberry Fields REIT

Large investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC bought a new position in Strawberry Fields REIT in the 3rd quarter worth approximately $45,000. Rhumbline Advisers acquired a new position in Strawberry Fields REIT during the 2nd quarter worth $57,000. Barclays PLC grew its stake in shares of Strawberry Fields REIT by 302.3% in the third quarter. Barclays PLC now owns 8,697 shares of the company’s stock worth $110,000 after purchasing an additional 6,535 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Strawberry Fields REIT by 186.7% during the third quarter. JPMorgan Chase & Co. now owns 9,572 shares of the company’s stock valued at $121,000 after purchasing an additional 6,233 shares during the period. Finally, Duncan Williams Asset Management LLC bought a new stake in shares of Strawberry Fields REIT during the third quarter valued at about $192,000.

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.