Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) Short Interest Update

Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW - Get Free Report) was the recipient of a large drop in short interest in January. As of January 31st, there was short interest totalling 76,600 shares, a drop of 33.8% from the January 15th total of 115,700 shares. Currently, 1.1% of the shares of the stock are short sold. Based on an average trading volume of 121,600 shares, the days-to-cover ratio is presently 0.6 days.

Wall Street Analyst Weigh In

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

Strawberry Fields REIT Trading Up 0.5 %

Strawberry Fields REIT stock traded up $0.06 during mid-day trading on Tuesday, reaching $11.83. The company's stock had a trading volume of 108,707 shares, compared to its average volume of 77,510. Strawberry Fields REIT has a 12 month low of $6.56 and a 12 month high of $12.90. The company has a market cap of $88.49 million, a P/E ratio of 23.20, a price-to-earnings-growth ratio of 1.10 and a beta of 0.51.

Insider Buying and Selling at Strawberry Fields REIT

In other Strawberry Fields REIT news, CEO Moishe Gubin bought 112,347 shares of the business's stock in a transaction on Thursday, December 5th. The shares were bought at an average cost of $10.00 per share, for a total transaction of $1,123,470.00. Following the transaction, the chief executive officer now owns 700,667 shares in the company, valued at approximately $7,006,670. This trade represents a 19.10 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Alyeska Investment Group, L.P. sold 200,000 shares of the firm's stock in a transaction dated 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 completion of the transaction, the insider now directly owns 1,050,000 shares in the company, valued at $10,762,500. This trade represents a 16.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders purchased 154,547 shares of company stock worth $1,586,276. 10.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Strawberry Fields REIT

Large investors have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC acquired a new stake in Strawberry Fields REIT in the 3rd quarter valued at about $45,000. Barclays PLC raised its stake in Strawberry Fields REIT by 302.3% in the third quarter. Barclays PLC now owns 8,697 shares of the company's stock valued at $110,000 after buying an additional 6,535 shares during the period. JPMorgan Chase & Co. lifted its position in shares of 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 during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Strawberry Fields REIT by 20.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 16,174 shares of the company's stock worth $205,000 after acquiring an additional 2,774 shares during the period. Finally, State Street Corp raised its stake in Strawberry Fields REIT by 4.1% in 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 period.

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.