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.

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.