Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) Sees Significant Increase in Short Interest

Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW - Get Free Report) was the target of a large increase in short interest in March. As of March 15th, there was short interest totalling 122,200 shares, an increase of 51.6% from the February 28th total of 80,600 shares. Approximately 1.6% of the company's stock are sold short. Based on an average trading volume of 89,800 shares, the short-interest ratio is currently 1.4 days.

Institutional Trading of Strawberry Fields REIT

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Barclays PLC boosted its stake in Strawberry Fields REIT by 302.3% during the 3rd quarter. Barclays PLC now owns 8,697 shares of the company's stock worth $110,000 after acquiring an additional 6,535 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Strawberry Fields REIT by 186.7% in the third quarter. JPMorgan Chase & Co. now owns 9,572 shares of the company's stock valued at $121,000 after buying an additional 6,233 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Strawberry Fields REIT by 20.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 16,174 shares of the company's stock worth $205,000 after purchasing an additional 2,774 shares during the period. State Street Corp boosted its position in shares of Strawberry Fields REIT by 4.1% during the third quarter. State Street Corp now owns 45,998 shares of the company's stock worth $584,000 after buying an additional 1,796 shares during the period. Finally, Geode Capital Management LLC boosted its position in Strawberry Fields REIT by 14.1% during the 3rd 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 during the last quarter.

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Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Compass Point assumed coverage on Strawberry Fields REIT in a research note on Thursday, January 16th. They issued a "buy" rating and a $14.00 price target for the company. Lake Street Capital initiated coverage on Strawberry Fields REIT in a research report on Wednesday, January 8th. They issued a "buy" rating and a $13.50 price target on the stock. Wedbush assumed coverage on shares of Strawberry Fields REIT in a research report on Monday, January 6th. They set an "outperform" rating and a $12.00 price objective for the company. Finally, Janney Montgomery Scott initiated coverage on Strawberry Fields REIT in a report on Wednesday, December 18th. They set a "buy" rating and a $12.50 price objective on the stock.

Strawberry Fields REIT Stock Performance

Shares of NYSEAMERICAN STRW traded up $0.03 during midday trading on Friday, hitting $11.31. The stock had a trading volume of 85,197 shares, compared to its average volume of 55,923. Strawberry Fields REIT has a fifty-two week low of $7.59 and a fifty-two week high of $12.90. The stock has a market cap of $84.60 million, a price-to-earnings ratio of 22.18, a P/E/G ratio of 1.10 and a beta of 0.51. The stock has a 50-day simple moving average of $11.66.

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.