Insider Buying: Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) Director Acquires 9,800 Shares of Stock

Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW - Get Free Report) Director Michael Blisko bought 9,800 shares of the stock in a transaction on Thursday, December 19th. The shares were bought at an average price of $10.25 per share, for a total transaction of $100,450.00. Following the completion of the transaction, the director now directly owns 224,680 shares of the company's stock, valued at $2,302,970. This trade represents a 4.56 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Michael Blisko also recently made the following trade(s):

• On Thursday, December 12th, Michael Blisko acquired 9,600 shares of Strawberry Fields REIT stock. The shares were purchased at an average cost of $10.35 per share, with a total value of $99,360.00.

Strawberry Fields REIT Stock Down 0.5 %

STRW stock traded down $0.05 during midday trading on Monday, reaching $10.60. 69,157 shares of the company's stock traded hands, compared to its average volume of 36,132. Strawberry Fields REIT, Inc. has a fifty-two week low of $6.56 and a fifty-two week high of $12.90. The stock has a market cap of $79.29 million, a price-to-earnings ratio of 20.78 and a beta of 0.22.

Strawberry Fields REIT Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 16th will be given a $0.14 dividend. This is an increase from Strawberry Fields REIT's previous quarterly dividend of $0.13. The ex-dividend date is Monday, December 16th. This represents a $0.56 annualized dividend and a dividend yield of 5.28%. Strawberry Fields REIT's dividend payout ratio is presently 101.96%.

Hedge Funds Weigh In On Strawberry Fields REIT

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Duncan Williams Asset Management LLC purchased a new position in Strawberry Fields REIT in the 3rd quarter valued at about $192,000. Geode Capital Management LLC lifted its stake in shares of Strawberry Fields REIT by 14.1% in the third quarter. Geode Capital Management LLC now owns 98,445 shares of the company's stock worth $1,249,000 after acquiring an additional 12,129 shares in the last quarter. Barclays PLC boosted its holdings in Strawberry Fields REIT by 302.3% in the third quarter. Barclays PLC now owns 8,697 shares of the company's stock valued at $110,000 after purchasing an additional 6,535 shares during the last quarter. Rhumbline Advisers acquired a new stake in Strawberry Fields REIT during the 2nd quarter valued at approximately $57,000. Finally, Allspring Global Investments Holdings LLC acquired a new stake in Strawberry Fields REIT during the 3rd quarter valued at approximately $45,000.

Wall Street Analysts Forecast Growth

Separately, Janney Montgomery Scott initiated coverage on shares of Strawberry Fields REIT in a research note on Wednesday, December 18th. They set a "buy" rating and a $12.50 price objective for the company.

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.