Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) Short Interest Down 62.1% in December

Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW - Get Free Report) was the target of a large decrease in short interest in the month of December. As of December 15th, there was short interest totalling 49,400 shares, a decrease of 62.1% from the November 30th total of 130,200 shares. Based on an average daily trading volume, of 93,400 shares, the days-to-cover ratio is presently 0.5 days. Approximately 1.0% of the company's stock are short sold.

Insiders Place Their Bets

In related news, Director Jack Levine acquired 5,000 shares of the firm's stock in a transaction that occurred on Thursday, December 5th. The stock was purchased at an average cost of $10.00 per share, for a total transaction of $50,000.00. Following the purchase, the director now directly owns 108,927 shares of the company's stock, valued at $1,089,270. This trade represents a 4.81 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through 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 value of $2,050,000.00. Following the sale, the insider now directly owns 1,050,000 shares in the company, valued at approximately $10,762,500. The trade was a 16.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders bought 154,547 shares of company stock worth $1,586,276. 10.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Strawberry Fields REIT

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Rhumbline Advisers purchased a new position in shares of Strawberry Fields REIT in the second quarter worth about $57,000. Duncan Williams Asset Management LLC acquired a new position in shares of Strawberry Fields REIT during the 3rd quarter worth approximately $192,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Strawberry Fields REIT in the third quarter valued at approximately $45,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Strawberry Fields REIT by 20.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 16,174 shares of the company's stock valued at $205,000 after purchasing an additional 2,774 shares during the last quarter. Finally, State Street Corp lifted its position in 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 in the last quarter.

Strawberry Fields REIT Price Performance

Shares of STRW stock traded up $0.01 during trading hours on Thursday, hitting $10.63. 30,135 shares of the company's stock were exchanged, compared to its average volume of 36,001. Strawberry Fields REIT has a fifty-two week low of $6.56 and a fifty-two week high of $12.90. The company has a market cap of $79.51 million, a price-to-earnings ratio of 20.84 and a beta of 0.22.

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 issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 5.27%. This is a boost from Strawberry Fields REIT's previous quarterly dividend of $0.13. The ex-dividend date is Monday, December 16th. Strawberry Fields REIT's payout ratio is presently 101.96%.

Analyst Upgrades and Downgrades

Separately, Janney Montgomery Scott assumed coverage on shares of Strawberry Fields REIT in a research report on Wednesday, December 18th. They set a "buy" rating and a $12.50 target price on the stock.

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.