Strawberry Fields REIT (NYSEAMERICAN:STRW) Now Covered by Compass Point

Stock analysts at Compass Point began coverage on shares of Strawberry Fields REIT (NYSEAMERICAN:STRW) in a report issued on Thursday, MarketBeat reports. The firm set a “buy” rating and a $14.00 price target on the stock. Compass Point’s price objective would indicate a potential upside of 25.22% from the company’s current price.

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

Strawberry Fields REIT Stock Performance

NYSEAMERICAN STRW opened at $11.18 on Thursday. Strawberry Fields REIT has a 1 year low of $6.56 and a 1 year high of $12.90. The stock has a market cap of $83.63 million, a price-to-earnings ratio of 21.92, a P/E/G ratio of 1.10 and a beta of 0.51.

Insiders Place Their Bets

In other Strawberry Fields REIT news, CEO Moishe Gubin acquired 112,347 shares of the company’s stock in a transaction dated Thursday, December 5th. The shares were acquired 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 approximately $7,006,670. This trade represents a 19.10 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Jack Levine bought 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The shares were acquired at an average price of $10.00 per share, with a total value of $50,000.00. Following the purchase, the director now owns 108,927 shares in the company, valued at $1,089,270. This trade represents a 4.81 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 154,547 shares of company stock valued at $1,586,276 in the last three months. Insiders own 10.60% of the company’s stock.

Institutional Investors Weigh In On Strawberry Fields REIT

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Rhumbline Advisers bought a new stake in shares of Strawberry Fields REIT in the second quarter valued at about $57,000. Duncan Williams Asset Management LLC acquired a new position in Strawberry Fields REIT in the 3rd quarter valued at approximately $192,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Strawberry Fields REIT in the 3rd quarter worth approximately $45,000. Charles Schwab Investment Management Inc. grew its holdings 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 in the last quarter. Finally, State Street Corp increased its position in shares of Strawberry Fields REIT by 4.1% during the third quarter. State Street Corp now owns 45,998 shares of the company’s stock valued at $584,000 after purchasing an additional 1,796 shares during the period.

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.