26,000 Shares in Strawberry Fields REIT, Inc. (NASDAQ:STRW) Bought by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. purchased a new stake in Strawberry Fields REIT, Inc. (NASDAQ:STRW - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund 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 as of its most recent filing with the SEC.

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

Strawberry Fields REIT Stock Up 4.4 %

NASDAQ STRW traded up $0.51 during trading on Friday, reaching $11.99. The company's stock had a trading volume of 48,288 shares, compared to its average volume of 83,351. The stock has a 50-day simple moving average of $11.74. Strawberry Fields REIT, Inc. has a 1-year low of $7.59 and a 1-year high of $12.90. The company has a market capitalization of $146.48 million, a PE ratio of 23.51, a PEG ratio of 1.16 and a beta of 0.47.

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 paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 4.67%. The ex-dividend date of this dividend is Monday, March 17th. Strawberry Fields REIT's payout ratio is presently 98.25%.

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Wall Street Analysts Forecast Growth

Several brokerages have commented on STRW. Wedbush raised their target price on shares of Strawberry Fields REIT from $12.00 to $14.00 and gave the stock an "outperform" rating in a report on Wednesday, March 5th. Compass Point set a $14.00 price target on shares of Strawberry Fields REIT in a report on Wednesday, January 15th.

Strawberry Fields REIT 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.