Strawberry Fields REIT (NYSEAMERICAN:STRW) Trading 1.5% Higher – Time to Buy?

Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW)’s stock price rose 1.5% during trading on Friday . The stock traded as high as $12.48 and last traded at $12.22. Approximately 59,671 shares traded hands during trading, a decline of 12% from the average daily volume of 68,036 shares. The stock had previously closed at $12.04.

Analyst Ratings Changes

STRW has been the subject of several analyst reports. Compass Point initiated coverage on shares of Strawberry Fields REIT in a research report on Thursday, January 16th. They set a “buy” rating and a $14.00 price target for the company. Janney Montgomery Scott initiated coverage on shares of Strawberry Fields REIT in a research report on Wednesday, December 18th. They set a “buy” rating and a $12.50 price target for the company. Wedbush initiated coverage on shares of Strawberry Fields REIT in a research report on Monday, January 6th. They set an “outperform” rating and a $12.00 price target for the company. Finally, Lake Street Capital assumed coverage on shares of Strawberry Fields REIT in a research report on Wednesday, January 8th. They set a “buy” rating and a $13.50 price target for the company.

Strawberry Fields REIT Trading Up 1.5 %

The stock’s 50 day moving average is $11.14. The company has a market capitalization of $91.41 million, a PE ratio of 23.96, a P/E/G ratio of 1.10 and a beta of 0.51.

Insider Buying and Selling at Strawberry Fields REIT

In other Strawberry Fields REIT news, Director Michael Blisko acquired 9,600 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were acquired at an average price of $10.35 per share, with a total value of $99,360.00. Following the completion of the transaction, the director now directly owns 214,880 shares in the company, valued at $2,224,008. This trade represents a 4.68 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last quarter, insiders have purchased 19,600 shares of company stock valued at $201,782. 10.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Strawberry Fields REIT

A number of institutional investors have recently added to or reduced their stakes in the company. State Street Corp increased its holdings in Strawberry Fields REIT by 4.1% during the third quarter. State Street Corp now owns 45,998 shares of the company’s stock worth $584,000 after buying an additional 1,796 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Strawberry Fields REIT by 20.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 16,174 shares of the company’s stock valued at $205,000 after purchasing an additional 2,774 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Strawberry Fields REIT by 186.7% in the third quarter. JPMorgan Chase & Co. now owns 9,572 shares of the company’s stock valued at $121,000 after purchasing an additional 6,233 shares during the last quarter. Barclays PLC increased its holdings in shares of Strawberry Fields REIT by 302.3% in the third quarter. Barclays PLC now owns 8,697 shares of the company’s stock valued at $110,000 after purchasing an additional 6,535 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Strawberry Fields REIT by 14.1% in the third quarter. Geode Capital Management LLC now owns 98,445 shares of the company’s stock valued at $1,249,000 after purchasing an additional 12,129 shares during the last quarter.

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.