Strawberry Fields REIT (NYSEAMERICAN:STRW) Coverage Initiated by Analysts at Lake Street Capital

Lake Street Capital began coverage on shares of Strawberry Fields REIT (NYSEAMERICAN:STRW) in a research report released on Wednesday, Marketbeat reports. The brokerage issued a buy rating and a $13.50 target price on the stock.

A number of other equities research analysts also recently commented on STRW. Janney Montgomery Scott initiated coverage on Strawberry Fields REIT in a research report on Wednesday, December 18th. They issued a “buy” rating and a $12.50 price objective for the company. Wedbush initiated coverage on Strawberry Fields REIT in a research report on Monday. They issued an “outperform” rating and a $12.00 price objective for the company.

Strawberry Fields REIT Stock Up 1.7 %

Strawberry Fields REIT stock opened at $11.06 on Wednesday. The firm has a market cap of $82.73 million, a price-to-earnings ratio of 21.69 and a beta of 0.22. Strawberry Fields REIT has a fifty-two week low of $6.56 and a fifty-two week high of $12.90.

Strawberry Fields REIT Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 16th were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 5.06%. The ex-dividend date of this dividend was Monday, December 16th. This is a boost from Strawberry Fields REIT’s previous quarterly dividend of $0.13. Strawberry Fields REIT’s dividend payout ratio (DPR) is presently 101.96%.

Insider Activity at Strawberry Fields REIT

In other news, Director Jack Levine acquired 5,000 shares of the company’s stock in a transaction dated Thursday, December 5th. The stock was bought at an average price of $10.00 per share, with a total value of $50,000.00. Following the completion of the acquisition, the director now owns 108,927 shares in the company, valued at approximately $1,089,270. This represents a 4.81 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Michael Blisko acquired 9,800 shares of the company’s stock in a transaction dated Thursday, December 19th. The shares were purchased at an average cost of $10.25 per share, with a total value of $100,450.00. Following the acquisition, the director now owns 224,680 shares of the company’s stock, valued at approximately $2,302,970. This represents a 4.56 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 154,547 shares of company stock worth $1,586,276. Company insiders own 10.60% of the company’s stock.

Institutional Trading of Strawberry Fields REIT

Several hedge funds have recently modified their holdings of STRW. State Street Corp raised its position in Strawberry Fields REIT by 4.1% in the 3rd quarter. State Street Corp now owns 45,998 shares of the company’s stock worth $584,000 after purchasing an additional 1,796 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Strawberry Fields REIT by 20.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 16,174 shares of the company’s stock worth $205,000 after purchasing an additional 2,774 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new position in Strawberry Fields REIT in the 3rd quarter worth approximately $45,000. Rhumbline Advisers bought a new position in Strawberry Fields REIT in the 2nd quarter worth approximately $57,000. Finally, JPMorgan Chase & Co. raised its position in Strawberry Fields REIT by 186.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 9,572 shares of the company’s stock worth $121,000 after purchasing an additional 6,233 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.