Strawberry Fields REIT (NASDAQ:STRW) Stock Price Down 1.5% – Here’s What Happened

Strawberry Fields REIT, Inc. (NASDAQ:STRW)’s stock price traded down 1.5% on Thursday . The stock traded as low as $13.07 and last traded at $13.11. 28,039 shares changed hands during trading, a decline of 47% from the average session volume of 52,433 shares. The stock had previously closed at $13.31.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on STRW. Cantor Fitzgerald initiated coverage on shares of Strawberry Fields REIT in a research report on Wednesday, October 1st. They set an “overweight” rating and a $14.00 target price for the company. Zacks Research cut shares of Strawberry Fields REIT from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 5th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $12.55.

Strawberry Fields REIT Stock Performance

The business has a 50-day moving average of $12.16 and a 200 day moving average of $11.47. The stock has a market cap of $172.00 million, a PE ratio of 25.71, a PEG ratio of 1.16 and a beta of 0.38.

Hedge Funds Weigh In On Strawberry Fields REIT

A number of institutional investors have recently modified their holdings of the company. Bank of America Corp DE lifted its stake in shares of Strawberry Fields REIT by 52.9% during the fourth quarter. Bank of America Corp DE now owns 4,725 shares of the company’s stock valued at $50,000 after buying an additional 1,634 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Strawberry Fields REIT by 39.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 22,553 shares of the company’s stock valued at $269,000 after acquiring an additional 6,435 shares during the last quarter. Nuveen LLC purchased a new position in shares of Strawberry Fields REIT during the 1st quarter worth $210,000. Russell Investments Group Ltd. boosted its holdings in shares of Strawberry Fields REIT by 424.6% during the first quarter. Russell Investments Group Ltd. now owns 10,026 shares of the company’s stock worth $120,000 after purchasing an additional 8,115 shares during the last quarter. Finally, Worth Venture Partners LLC grew its position in shares of Strawberry Fields REIT by 5.6% in the first quarter. Worth Venture Partners LLC now owns 19,000 shares of the company’s stock valued at $226,000 after purchasing an additional 1,000 shares during the period.

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.