Strawberry Fields REIT (NYSEAMERICAN:STRW) Now Covered by Compass Point

Compass Point initiated coverage on shares of Strawberry Fields REIT (NYSEAMERICAN:STRW - Free Report) in a report published on Thursday, Marketbeat Ratings reports. The firm issued a buy rating and a $14.00 price target on the stock.

Several other analysts also recently weighed in on the stock. Wedbush began 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. Lake Street Capital began coverage on shares of Strawberry Fields REIT in a research report on Wednesday, January 8th. They issued a "buy" rating and a $13.50 price target for the company. Finally, Janney Montgomery Scott began 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 target for the company. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $12.40.

Strawberry Fields REIT Trading Up 0.3 %

Shares of NYSEAMERICAN:STRW traded up $0.03 during trading on Thursday, hitting $11.23. 34,941 shares of the company were exchanged, compared to its average volume of 111,053. The company has a market capitalization of $84.00 million, a PE ratio of 22.02, a P/E/G ratio of 1.10 and a beta of 0.51. Strawberry Fields REIT 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 was paid on Monday, December 30th. Shareholders of record on Monday, December 16th were paid a $0.14 dividend. This is a boost from Strawberry Fields REIT's previous quarterly dividend of $0.13. This represents a $0.56 annualized dividend and a yield of 4.99%. The ex-dividend date was Monday, December 16th. Strawberry Fields REIT's payout ratio is currently 109.81%.

Insider Buying and Selling at Strawberry Fields REIT

In related news, Director Jack Levine purchased 5,000 shares of the stock in a transaction dated Thursday, December 5th. The shares were acquired at an average cost of $10.00 per share, with a total value of $50,000.00. Following the purchase, the director now directly owns 108,927 shares in the company, valued at $1,089,270. This trade represents a 4.81 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Moishe Gubin purchased 17,600 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were bought at an average cost of $11.99 per share, for a total transaction of $211,024.00. Following the completion of the purchase, the chief executive officer now owns 467,700 shares in the company, valued at approximately $5,607,723. This trade represents a 3.91 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have bought 154,547 shares of company stock valued at $1,586,276. 10.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Strawberry Fields REIT

A number of large investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC grew its stake in Strawberry Fields REIT by 14.1% in the 3rd quarter. Geode Capital Management LLC now owns 98,445 shares of the company's stock valued at $1,249,000 after acquiring an additional 12,129 shares during the last quarter. State Street Corp lifted its holdings 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 purchasing an additional 1,796 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings 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 valued at $205,000 after purchasing an additional 2,774 shares in the last quarter. Duncan Williams Asset Management LLC purchased a new position in Strawberry Fields REIT in the 3rd quarter valued at about $192,000. Finally, JPMorgan Chase & Co. lifted its holdings in Strawberry Fields REIT by 186.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 9,572 shares of the company's stock valued at $121,000 after purchasing an additional 6,233 shares in the last quarter.

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.