Lake Street Capital Begins Coverage on Strawberry Fields REIT (NYSEAMERICAN:STRW)

Lake Street Capital started coverage on shares of Strawberry Fields REIT (NYSEAMERICAN:STRW - Free Report) in a research report sent to investors on Wednesday morning, Marketbeat reports. The firm issued a buy rating and a $13.50 target price on the stock.

A number of other research analysts have also commented on STRW. Wedbush assumed coverage on shares of Strawberry Fields REIT in a research report on Monday. They set an "outperform" rating and a $12.00 price target for the company. Janney Montgomery Scott began coverage on Strawberry Fields REIT in a research report on Wednesday, December 18th. They set a "buy" rating and a $12.50 target price for the company.

Strawberry Fields REIT Stock Up 1.7 %

Shares of NYSEAMERICAN STRW traded up $0.18 during midday trading on Wednesday, reaching $11.06. The company's stock had a trading volume of 238,257 shares, compared to its average volume of 148,791. The company has a market capitalization of $82.73 million, a PE ratio of 21.69 and a beta of 0.22. Strawberry Fields REIT has a 12-month low of $6.56 and a 12-month high of $12.90.

Strawberry Fields REIT Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 16th were given a dividend of $0.14 per share. The ex-dividend date was Monday, December 16th. This represents a $0.56 annualized dividend and a yield of 5.06%. This is a boost from Strawberry Fields REIT's previous quarterly dividend of $0.13. Strawberry Fields REIT's dividend payout ratio is presently 101.96%.

Insider Transactions at Strawberry Fields REIT

In other Strawberry Fields REIT news, Director Michael Blisko acquired 9,800 shares of the business's stock in a transaction on Thursday, December 19th. The shares were acquired at an average price of $10.25 per share, for a total transaction of $100,450.00. Following the completion of the acquisition, the director now owns 224,680 shares in the company, valued at $2,302,970. This trade represents a 4.56 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Alyeska Investment Group, L.P. sold 200,000 shares of Strawberry Fields REIT stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $10.25, for a total transaction of $2,050,000.00. Following the transaction, the insider now owns 1,050,000 shares of the company's stock, valued at $10,762,500. The trade was a 16.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders bought 154,547 shares of company stock worth $1,586,276. Company insiders own 10.60% of the company's stock.

Institutional Investors Weigh In On Strawberry Fields REIT

A number of institutional investors have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. lifted its holdings in shares of Strawberry Fields REIT by 20.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 16,174 shares of the company's stock valued at $205,000 after purchasing an additional 2,774 shares in the last quarter. State Street Corp boosted its holdings in shares of Strawberry Fields REIT by 4.1% during the 3rd quarter. State Street Corp now owns 45,998 shares of the company's stock valued at $584,000 after acquiring an additional 1,796 shares during the last quarter. Rhumbline Advisers purchased a new stake in shares of Strawberry Fields REIT during the 2nd quarter valued at about $57,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Strawberry Fields REIT in the third quarter worth approximately $45,000. Finally, Duncan Williams Asset Management LLC purchased a new position in shares of Strawberry Fields REIT during the third quarter valued at approximately $192,000.

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.