Strawberry Fields REIT (NASDAQ:STRW) Downgraded by Zacks Research to “Hold”

Strawberry Fields REIT (NASDAQ:STRW) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Wednesday,Zacks.com reports.

Separately, Cantor Fitzgerald initiated coverage on shares of Strawberry Fields REIT in a research report on Wednesday, October 1st. They issued an “overweight” rating and a $14.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Strawberry Fields REIT presently has a consensus rating of “Moderate Buy” and an average price target of $12.55.

Strawberry Fields REIT Stock Performance

Shares of Strawberry Fields REIT stock opened at $11.55 on Wednesday. Strawberry Fields REIT has a 52-week low of $8.70 and a 52-week high of $12.84. The company’s 50 day moving average price is $11.88 and its 200-day moving average price is $11.04. The stock has a market capitalization of $150.07 million, a price-to-earnings ratio of 22.65, a P/E/G ratio of 1.16 and a beta of 0.41.

Institutional Trading of Strawberry Fields REIT

Large investors have recently added to or reduced their stakes in the stock. Gabelli Funds LLC bought a new position in Strawberry Fields REIT in the 2nd quarter worth $1,515,000. Segall Bryant & Hamill LLC purchased a new position in shares of Strawberry Fields REIT during the first quarter valued at about $1,264,000. Jones Financial Companies Lllp bought a new position in Strawberry Fields REIT in the first quarter worth about $984,000. First Eagle Investment Management LLC lifted its holdings in Strawberry Fields REIT by 38.1% in the second quarter. First Eagle Investment Management LLC now owns 291,122 shares of the company’s stock worth $3,068,000 after buying an additional 80,317 shares during the period. Finally, Acadian Asset Management LLC bought a new stake in Strawberry Fields REIT during the 1st quarter valued at approximately $453,000.

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.