First Eagle Investment Management LLC Takes Position in Strawberry Fields REIT, Inc. (NASDAQ:STRW)

First Eagle Investment Management LLC bought a new position in Strawberry Fields REIT, Inc. (NASDAQ:STRW - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 50,094 shares of the company's stock, valued at approximately $528,000. First Eagle Investment Management LLC owned 0.67% of Strawberry Fields REIT at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of STRW. State of New Jersey Common Pension Fund D bought a new position in Strawberry Fields REIT in the 4th quarter worth about $1,354,000. White Pine Capital LLC bought a new position in Strawberry Fields REIT in the 4th quarter worth about $748,000. Finally, Bank of New York Mellon Corp bought a new position in Strawberry Fields REIT in the 4th quarter worth about $109,000.

Strawberry Fields REIT Stock Down 0.8 %

Shares of NASDAQ:STRW traded down $0.10 during trading on Thursday, hitting $12.10. The company's stock had a trading volume of 105,696 shares, compared to its average volume of 73,002. The stock has a market capitalization of $90.52 million, a PE ratio of 23.73, a price-to-earnings-growth ratio of 1.16 and a beta of 0.47. Strawberry Fields REIT, Inc. has a 12 month low of $7.59 and a 12 month high of $12.90.

Strawberry Fields REIT Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.63%. The ex-dividend date of this dividend is Monday, March 17th. Strawberry Fields REIT's payout ratio is 98.25%.

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Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Compass Point set a $14.00 target price on shares of Strawberry Fields REIT in a research note on Wednesday, January 15th. Wedbush upped their target price 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.

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.