Strawberry Fields REIT (NYSEAMERICAN:STRW) Now Covered by Analysts at Wedbush

Equities researchers at Wedbush assumed coverage on shares of Strawberry Fields REIT (NYSEAMERICAN:STRW) in a research report issued to clients and investors on Monday,Briefing.com Automated Import reports. The brokerage set an “outperform” rating and a $12.00 price target on the stock. Wedbush’s price objective would suggest a potential upside of 12.04% from the stock’s previous close.

Separately, 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 price objective for the company.

Strawberry Fields REIT Stock Performance

Shares of Strawberry Fields REIT stock opened at $10.71 on Monday. Strawberry Fields REIT has a one year low of $6.56 and a one year high of $12.90. The company has a market capitalization of $80.11 million, a price-to-earnings ratio of 21.00 and a beta of 0.22.

Insiders Place Their Bets

In other news, Director Jack Levine bought 5,000 shares of the stock in a transaction dated Thursday, December 5th. The stock was bought at an average price of $10.00 per share, for a total transaction of $50,000.00. Following the purchase, the director now directly owns 108,927 shares in the company, valued at $1,089,270. This trade represents a 4.81 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Moishe Gubin purchased 112,347 shares of Strawberry Fields REIT stock in a transaction that occurred on Thursday, December 5th. The stock was purchased at an average cost of $10.00 per share, for a total transaction of $1,123,470.00. Following the completion of the purchase, 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 disclosure for this purchase can be found here. Insiders purchased 154,547 shares of company stock worth $1,586,276 over the last three months. Company insiders own 10.60% of the company’s stock.

Institutional Inflows and Outflows

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

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.