Insider Buying: Strawberry Fields REIT, Inc. (NASDAQ:STRW) Director Purchases 10,000 Shares of Stock

Strawberry Fields REIT, Inc. (NASDAQ:STRW - Get Free Report) Director Michael Blisko acquired 10,000 shares of the business's stock in a transaction on Tuesday, April 8th. The stock was acquired at an average cost of $9.25 per share, for a total transaction of $92,500.00. Following the transaction, the director now owns 314,582 shares of the company's stock, valued at approximately $2,909,883.50. The trade was a 3.28 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Strawberry Fields REIT Price Performance

Strawberry Fields REIT stock traded down $0.22 during midday trading on Friday, reaching $10.69. The stock had a trading volume of 62,442 shares, compared to its average volume of 90,118. The firm has a market cap of $131.00 million, a price-to-earnings ratio of 20.96, a PEG ratio of 1.16 and a beta of 0.38. The business has a 50-day moving average of $11.65. Strawberry Fields REIT, Inc. has a 12 month low of $8.18 and a 12 month high of $12.90.

Strawberry Fields REIT Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 5.24%. The ex-dividend date was Monday, March 17th. Strawberry Fields REIT's dividend payout ratio (DPR) is presently 98.25%.

Institutional Investors Weigh In On Strawberry Fields REIT

Institutional investors have recently bought and sold shares of the stock. Alyeska Investment Group L.P. bought a new stake in Strawberry Fields REIT in the 4th quarter worth $11,067,000. FJ Capital Management LLC bought a new stake in shares of Strawberry Fields REIT in the fourth quarter worth about $2,031,000. Keeley Teton Advisors LLC purchased a new position in Strawberry Fields REIT during the 4th quarter valued at about $1,651,000. State of New Jersey Common Pension Fund D bought a new position in Strawberry Fields REIT during the 4th quarter valued at approximately $1,354,000. Finally, MYDA Advisors LLC purchased a new stake in Strawberry Fields REIT in the 4th quarter worth approximately $1,265,000.

Analysts Set New Price Targets

A number of research analysts have weighed in on STRW shares. 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 price objective on Strawberry Fields REIT from $12.00 to $14.00 and gave the company an "outperform" rating in a research note on Wednesday, March 5th.

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.