Ritholtz Wealth Management Sells 5,941 Shares of Strawberry Fields REIT, Inc. $STRW

Ritholtz Wealth Management lessened its stake in Strawberry Fields REIT, Inc. (NASDAQ:STRW) by 27.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 15,668 shares of the company’s stock after selling 5,941 shares during the period. Ritholtz Wealth Management’s holdings in Strawberry Fields REIT were worth $165,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in STRW. Segall Bryant & Hamill LLC bought a new stake in shares of Strawberry Fields REIT in the 1st quarter valued at about $1,264,000. Jones Financial Companies Lllp bought a new stake in shares of Strawberry Fields REIT in the 1st quarter valued at about $984,000. Acadian Asset Management LLC bought a new stake in shares of Strawberry Fields REIT in the 1st quarter valued at about $453,000. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Strawberry Fields REIT in the 1st quarter valued at about $237,000. Finally, Nuveen LLC bought a new stake in shares of Strawberry Fields REIT in the 1st quarter valued at about $210,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Wedbush upgraded Strawberry Fields REIT to a “strong-buy” rating in a research report on Wednesday, July 2nd. Cantor Fitzgerald assumed coverage on Strawberry Fields REIT in a research note on Wednesday, October 1st. They issued an “overweight” rating and a $14.00 price objective on the stock. Compass Point downgraded Strawberry Fields REIT from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $12.20 to $10.65 in a research note on Wednesday, July 2nd. Finally, Zacks Research raised Strawberry Fields REIT from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 7th. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Strawberry Fields REIT currently has a consensus rating of “Buy” and a consensus price target of $12.55.

Strawberry Fields REIT Stock Performance

STRW stock opened at $11.28 on Wednesday. The stock’s 50 day simple moving average is $11.88 and its 200 day simple moving average is $10.97. Strawberry Fields REIT, Inc. has a fifty-two week low of $8.70 and a fifty-two week high of $12.84. The company has a market cap of $146.56 million, a P/E ratio of 22.12, a price-to-earnings-growth ratio of 1.16 and a beta of 0.41.

Strawberry Fields REIT Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 5.7%. This is a boost from Strawberry Fields REIT’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Tuesday, September 16th. Strawberry Fields REIT’s dividend payout ratio (DPR) is currently 106.67%.

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.