Lazard Asset Management LLC Increases Position in Strawberry Fields REIT, Inc. $STRW

Lazard Asset Management LLC increased its position in shares of Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) by 181.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 55,418 shares of the company’s stock after acquiring an additional 35,705 shares during the quarter. Lazard Asset Management LLC’s holdings in Strawberry Fields REIT were worth $659,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. First Eagle Investment Management LLC grew its stake in Strawberry Fields REIT by 8.4% in the 4th quarter. First Eagle Investment Management LLC now owns 325,589 shares of the company’s stock worth $4,265,000 after acquiring an additional 25,205 shares during the period. Diamond Hill Capital Management Inc. lifted its stake in shares of Strawberry Fields REIT by 9.9% during the 4th quarter. Diamond Hill Capital Management Inc. now owns 203,816 shares of the company’s stock worth $2,670,000 after purchasing an additional 18,415 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Strawberry Fields REIT by 4.2% during the fourth quarter. Geode Capital Management LLC now owns 172,839 shares of the company’s stock worth $2,265,000 after purchasing an additional 6,969 shares during the last quarter. State Street Corp boosted its holdings in shares of Strawberry Fields REIT by 2.6% during the fourth quarter. State Street Corp now owns 169,865 shares of the company’s stock worth $2,225,000 after purchasing an additional 4,380 shares during the last quarter. Finally, Gabelli Funds LLC purchased a new stake in shares of Strawberry Fields REIT in the second quarter valued at $1,515,000.

Strawberry Fields REIT Stock Up 1.3%

Shares of STRW opened at $14.44 on Friday. Strawberry Fields REIT, Inc. has a fifty-two week low of $10.00 and a fifty-two week high of $14.75. The company’s fifty day moving average is $13.64 and its two-hundred day moving average is $13.10. The firm has a market cap of $193.93 million, a PE ratio of 22.22 and a beta of 0.41.

Strawberry Fields REIT (NYSEAMERICAN:STRW) last released its quarterly earnings data on Friday, May 8th. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.02. The business had revenue of $39.98 million during the quarter, compared to the consensus estimate of $40.28 million. Strawberry Fields REIT had a return on equity of 14.36% and a net margin of 5.25%. As a group, equities research analysts anticipate that Strawberry Fields REIT, Inc. will post 1.4 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on STRW shares. Zacks Research upgraded Strawberry Fields REIT to a “hold” rating in a research note on Wednesday, April 22nd. B. Riley Financial reissued a “neutral” rating and issued a $14.50 price target (up from $13.50) on shares of Strawberry Fields REIT in a research note on Wednesday, July 22nd. Alliance Global Partners restated a “buy” rating on shares of Strawberry Fields REIT in a report on Friday, May 8th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $15.00 price objective on shares of Strawberry Fields REIT in a research note on Monday, May 11th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Strawberry Fields REIT presently has a consensus rating of “Moderate Buy” and a consensus target price of $15.17.

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. The 109 healthcare facilities comprise 99 skilled nursing facilities, eight assisted living facilities, and two long-term acute care hospitals.