Strawberry Fields REIT (NYSEAMERICAN:STRW) Coverage Initiated by Analysts at Lake Street Capital

Lake Street Capital began coverage on shares of Strawberry Fields REIT (NYSEAMERICAN:STRW) in a research note released on Wednesday, Marketbeat.com reports. The brokerage issued a buy rating and a $13.50 price target on the stock.

Several other analysts also recently weighed in on STRW. Janney Montgomery Scott initiated coverage on shares of Strawberry Fields REIT in a report on Wednesday, December 18th. They issued a “buy” rating and a $12.50 target price on the stock. Wedbush started coverage on shares of Strawberry Fields REIT in a report on Monday, January 6th. They set an “outperform” rating and a $12.00 target price for the company.

Strawberry Fields REIT Trading Up 0.7 %

NYSEAMERICAN STRW opened at $11.14 on Wednesday. The firm has a market capitalization of $83.33 million, a P/E ratio of 21.84 and a beta of 0.22. Strawberry Fields REIT has a 12 month low of $6.56 and a 12 month high of $12.90.

Strawberry Fields REIT Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 16th were paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 5.03%. This is an increase from Strawberry Fields REIT’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Monday, December 16th. Strawberry Fields REIT’s dividend payout ratio is 101.96%.

Insider Buying and Selling

In related news, CEO Moishe Gubin bought 17,600 shares of the stock in a transaction on Tuesday, December 3rd. The shares were purchased at an average price of $11.99 per share, with a total value of $211,024.00. Following the purchase, the chief executive officer now owns 467,700 shares in the company, valued at approximately $5,607,723. This represents a 3.91 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jack Levine purchased 5,000 shares of the stock in a transaction dated Thursday, December 5th. The shares were purchased at an average price of $10.00 per share, for a total transaction of $50,000.00. Following the completion of the transaction, the director now owns 108,927 shares in the company, valued at $1,089,270. This trade represents a 4.81 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought 154,547 shares of company stock worth $1,586,276 over the last ninety days. 10.60% of the stock is owned by insiders.

Hedge Funds Weigh In On Strawberry Fields REIT

Several institutional investors and hedge funds have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC acquired a new position in shares of Strawberry Fields REIT during the 3rd quarter valued at about $45,000. Rhumbline Advisers acquired a new position in shares of Strawberry Fields REIT in the second quarter valued at $57,000. Barclays PLC lifted its holdings in shares of Strawberry Fields REIT by 302.3% during the 3rd quarter. Barclays PLC now owns 8,697 shares of the company’s stock worth $110,000 after acquiring an additional 6,535 shares during the period. JPMorgan Chase & Co. lifted its stake in Strawberry Fields REIT by 186.7% during the third quarter. JPMorgan Chase & Co. now owns 9,572 shares of the company’s stock worth $121,000 after purchasing an additional 6,233 shares during the period. Finally, Duncan Williams Asset Management LLC bought a new position in shares of Strawberry Fields REIT during the third quarter valued at $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.