MYDA Advisors LLC Purchases Shares of 120,000 Strawberry Fields REIT, Inc. (NASDAQ:STRW)

MYDA Advisors LLC acquired a new stake in Strawberry Fields REIT, Inc. (NASDAQ:STRW - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 120,000 shares of the company's stock, valued at approximately $1,265,000. MYDA Advisors LLC owned about 1.60% of Strawberry Fields REIT at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. State of New Jersey Common Pension Fund D bought a new stake in Strawberry Fields REIT during the fourth quarter valued at $1,354,000. White Pine Capital LLC bought a new stake in shares of Strawberry Fields REIT during the 4th quarter valued at about $748,000. First Eagle Investment Management LLC acquired a new stake in Strawberry Fields REIT during the fourth quarter worth approximately $528,000. Hillsdale Investment Management Inc. bought a new stake in Strawberry Fields REIT in the fourth quarter worth approximately $274,000. Finally, Keeley Teton Advisors LLC acquired a new position in Strawberry Fields REIT in the fourth quarter valued at approximately $1,651,000.

Strawberry Fields REIT Stock Down 1.8 %

NASDAQ STRW traded down $0.20 on Friday, reaching $10.74. The company had a trading volume of 13,720 shares, compared to its average volume of 84,852. The business has a fifty day moving average price of $11.55. Strawberry Fields REIT, Inc. has a 52-week low of $8.70 and a 52-week high of $12.90. The stock has a market capitalization of $131.61 million, a PE ratio of 21.06, a P/E/G ratio of 1.16 and a beta of 0.38.

Strawberry Fields REIT Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 5.21%. The ex-dividend date of this dividend was Monday, March 17th. Strawberry Fields REIT's dividend payout ratio (DPR) is presently 98.25%.

Insider Transactions at Strawberry Fields REIT

In other Strawberry Fields REIT news, Director Michael Blisko acquired 10,000 shares of Strawberry Fields REIT stock in a transaction that occurred 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 purchase, the director now owns 314,582 shares of the company's stock, valued at approximately $2,909,883.50. This represents a 3.28 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 10.60% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on STRW shares. Wedbush lifted their price objective 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. Compass Point set a $14.00 price objective on shares of Strawberry Fields REIT in a report on Wednesday, January 15th.

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.