Wedbush Reiterates Outperform Rating for Strawberry Fields REIT (NASDAQ:STRW)

Strawberry Fields REIT (NASDAQ:STRW)‘s stock had its “outperform” rating reaffirmed by investment analysts at Wedbush in a note issued to investors on Monday,RTT News reports. They presently have a $13.00 target price on the stock, down from their previous target price of $14.00. Wedbush’s price target indicates a potential upside of 22.30% from the stock’s current price.

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

Strawberry Fields REIT Stock Performance

NASDAQ:STRW traded up $0.63 during mid-day trading on Monday, hitting $10.63. 49,237 shares of the company’s stock were exchanged, compared to its average volume of 80,077. The company has a fifty day moving average price of $11.30. The stock has a market cap of $130.26 million, a P/E ratio of 20.84, a PEG ratio of 1.16 and a beta of 0.47. Strawberry Fields REIT has a one year low of $8.70 and a one year high of $12.90.

Insiders Place Their Bets

In other news, Director Michael Blisko purchased 10,000 shares of the stock in a transaction that occurred on Tuesday, April 8th. The shares were purchased at an average cost of $9.25 per share, with a total value of $92,500.00. Following the completion of the acquisition, the director now owns 314,582 shares of the company’s stock, valued at approximately $2,909,883.50. This represents a 3.28% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 10.60% of the stock is owned by insiders.

Hedge Funds Weigh In On Strawberry Fields REIT

Several hedge funds and other institutional investors have recently modified their holdings of the business. Wells Fargo & Company MN increased its position in shares of Strawberry Fields REIT by 39.6% during the fourth quarter. Wells Fargo & Company MN now owns 3,902 shares of the company’s stock valued at $41,000 after acquiring an additional 1,107 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Strawberry Fields REIT by 52.9% in the fourth quarter. Bank of America Corp DE now owns 4,725 shares of the company’s stock valued at $50,000 after purchasing an additional 1,634 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Strawberry Fields REIT by 4.8% in the fourth quarter. Northern Trust Corp now owns 40,003 shares of the company’s stock valued at $422,000 after purchasing an additional 1,844 shares in the last quarter. Rhumbline Advisers grew its holdings in shares of Strawberry Fields REIT by 39.5% in the first quarter. Rhumbline Advisers now owns 7,412 shares of the company’s stock valued at $88,000 after purchasing an additional 2,098 shares in the last quarter. Finally, CWM LLC lifted its stake in Strawberry Fields REIT by 36,616.7% in the first quarter. CWM LLC now owns 2,203 shares of the company’s stock worth $26,000 after acquiring an additional 2,197 shares during the last quarter.

About Strawberry Fields REIT

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.