Barclays PLC Acquires 6,535 Shares of Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW)

Barclays PLC raised its holdings in Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) by 302.3% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,697 shares of the company’s stock after acquiring an additional 6,535 shares during the quarter. Barclays PLC’s holdings in Strawberry Fields REIT were worth $110,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. State Street Corp lifted its stake 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 worth $584,000 after purchasing an additional 1,796 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Strawberry Fields REIT by 20.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 16,174 shares of the company’s stock worth $205,000 after purchasing an additional 2,774 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of Strawberry Fields REIT during the 3rd quarter worth $45,000. Rhumbline Advisers acquired a new position in Strawberry Fields REIT during the 2nd quarter valued at about $57,000. Finally, Duncan Williams Asset Management LLC acquired a new position in Strawberry Fields REIT during the 3rd quarter valued at about $192,000.

Analysts Set New Price Targets

Several brokerages recently issued reports on STRW. Janney Montgomery Scott began coverage on Strawberry Fields REIT in a research report on Wednesday, December 18th. They set a “buy” rating and a $12.50 target price on the stock. Wedbush began coverage on Strawberry Fields REIT in a research report on Monday. They set an “outperform” rating and a $12.00 target price on the stock. Finally, Lake Street Capital began coverage on Strawberry Fields REIT in a research report on Wednesday. They set a “buy” rating and a $13.50 target price on the stock.

Insider Activity

In related news, CEO Moishe Gubin bought 17,600 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were purchased at an average cost of $11.99 per share, with a total value of $211,024.00. Following the completion of the acquisition, the chief executive officer now directly owns 467,700 shares in the company, valued at approximately $5,607,723. The trade was a 3.91 % 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 link. Also, major shareholder Alyeska Investment Group, L.P. sold 200,000 shares of the firm’s stock in a transaction dated 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 directly owns 1,050,000 shares in the company, valued at approximately $10,762,500. This trade represents a 16.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have bought 154,547 shares of company stock valued at $1,586,276. Company insiders own 10.60% of the company’s stock.

Strawberry Fields REIT Trading Up 1.7 %

Shares of STRW stock opened at $11.06 on Thursday. The stock has a market capitalization of $82.73 million, a PE ratio of 21.69 and a beta of 0.22. Strawberry Fields REIT, Inc. 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 disclosed a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 16th were issued a $0.14 dividend. The ex-dividend date of this dividend was Monday, December 16th. This is a positive change from Strawberry Fields REIT’s previous quarterly dividend of $0.13. This represents a $0.56 dividend on an annualized basis and a dividend yield of 5.06%. Strawberry Fields REIT’s dividend payout ratio is currently 101.96%.

Strawberry Fields REIT 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.