Insider Buying: Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) Director Acquires 9,600 Shares of Stock

Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW - Get Free Report) Director Michael Blisko acquired 9,600 shares of Strawberry Fields REIT stock in a transaction dated Thursday, December 12th. The shares were acquired at an average price of $10.35 per share, with a total value of $99,360.00. Following the completion of the acquisition, the director now directly owns 214,880 shares of the company's stock, valued at approximately $2,224,008. The trade was a 4.68 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Strawberry Fields REIT Stock Performance

STRW stock traded up $0.04 during mid-day trading on Friday, hitting $10.41. The company had a trading volume of 35,189 shares, compared to its average volume of 31,816. The firm has a market cap of $77.87 million, a price-to-earnings ratio of 20.33 and a beta of 0.22. Strawberry Fields REIT, Inc. 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 disclosed a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 16th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $0.56 annualized dividend and a yield of 5.38%. This is a boost from Strawberry Fields REIT's previous quarterly dividend of $0.13. Strawberry Fields REIT's payout ratio is currently 101.96%.

Hedge Funds Weigh In On Strawberry Fields REIT

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

About Strawberry Fields REIT

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.