Strawberry Fields REIT (NASDAQ:STRW) Earns “Outperform” Rating from Wedbush

Wedbush reissued their outperform rating on shares of Strawberry Fields REIT (NASDAQ:STRW) in a research report sent to investors on Monday morning,RTT News reports. The firm currently has a $13.00 price target on the stock, down from their previous price target of $14.00.

Separately, Compass Point set a $14.00 price objective on Strawberry Fields REIT in a report on Wednesday, January 15th.

Strawberry Fields REIT Trading Up 6.3%

Shares of NASDAQ:STRW opened at $10.63 on Monday. Strawberry Fields REIT has a 1 year low of $8.70 and a 1 year high of $12.90. The stock’s fifty day moving average price is $11.29. The stock has a market capitalization of $130.26 million, a price-to-earnings ratio of 20.84, a price-to-earnings-growth ratio of 1.16 and a beta of 0.47.

Strawberry Fields REIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be issued a dividend of $0.14 per share. The ex-dividend date is Monday, June 16th. This represents a $0.56 annualized dividend and a dividend yield of 5.27%. Strawberry Fields REIT’s dividend payout ratio is 96.55%.

Insider Buying and Selling

In other news, Director Michael Blisko acquired 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 8th. The stock was acquired at an average cost of $9.25 per share, for a total transaction of $92,500.00. Following the completion of the acquisition, the director now owns 314,582 shares in the company, valued at approximately $2,909,883.50. The trade was a 3.28% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 10.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Strawberry Fields REIT

Several institutional investors have recently bought and sold shares of STRW. White Pine Capital LLC bought a new position in Strawberry Fields REIT during the fourth quarter valued at about $748,000. State of New Jersey Common Pension Fund D bought a new position in Strawberry Fields REIT during the fourth quarter valued at about $1,354,000. Bank of New York Mellon Corp bought a new position in Strawberry Fields REIT during the fourth quarter valued at about $109,000. First Eagle Investment Management LLC bought a new position in Strawberry Fields REIT during the fourth quarter valued at about $528,000. Finally, Hillsdale Investment Management Inc. bought a new position in Strawberry Fields REIT during the fourth quarter valued at about $274,000.

Strawberry Fields REIT Company Profile

Strawberry Fields REIT, Inc engages in the ownership, acquisition, development, and leasing of skilled nursing and certain other healthcare-related properties. The company was founded by Moishe Gubin in 2014 and is headquartered in South Bend, IN.