Hillsdale Investment Management Inc. Buys New Shares in Strawberry Fields REIT, Inc. (NASDAQ:STRW)

Hillsdale Investment Management Inc. purchased a new position in Strawberry Fields REIT, Inc. (NASDAQ:STRW) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 26,000 shares of the company’s stock, valued at approximately $274,000. Hillsdale Investment Management Inc. owned 0.35% of Strawberry Fields REIT at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bank of New York Mellon Corp bought a new stake in Strawberry Fields REIT in the 4th quarter valued at about $109,000. First Eagle Investment Management LLC bought a new stake in shares of Strawberry Fields REIT during the fourth quarter valued at approximately $528,000. White Pine Capital LLC acquired a new position in shares of Strawberry Fields REIT during the fourth quarter worth approximately $748,000. Finally, State of New Jersey Common Pension Fund D bought a new position in shares of Strawberry Fields REIT in the 4th quarter worth $1,354,000.

Wall Street Analysts Forecast Growth

A number of analysts have commented on STRW shares. Wedbush boosted their price target on shares of Strawberry Fields REIT from $12.00 to $14.00 and gave the company an “outperform” rating in a research note on Wednesday, March 5th. Compass Point set a $14.00 target price on shares of Strawberry Fields REIT in a research report on Wednesday, January 15th.

Strawberry Fields REIT Stock Up 3.6 %

STRW stock opened at $11.86 on Tuesday. The company has a market capitalization of $88.72 million, a price-to-earnings ratio of 23.26, a PEG ratio of 1.16 and a beta of 0.47. Strawberry Fields REIT, Inc. has a twelve month low of $7.59 and a twelve month high of $12.90. The firm has a 50 day moving average of $11.74.

Strawberry Fields REIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 4.72%. The ex-dividend date is Monday, March 17th. Strawberry Fields REIT’s dividend payout ratio is 98.25%.

Strawberry Fields REIT Company Profile

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.