Strawberry Fields REIT (NYSEAMERICAN:STRW) Stock Price Up 0.5% - Should You Buy?

Shares of Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW - Get Free Report) traded up 0.5% during mid-day trading on Monday . The company traded as high as $11.18 and last traded at $11.03. 32,958 shares were traded during trading, a decline of 46% from the average session volume of 60,518 shares. The stock had previously closed at $10.97.

Analyst Upgrades and Downgrades

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

Strawberry Fields REIT Price Performance

The firm has a market cap of $82.14 million, a P/E ratio of 21.65, a PEG ratio of 1.10 and a beta of 0.51. The company's 50-day moving average is $11.53 and its two-hundred day moving average is $11.40.

Hedge Funds Weigh In On Strawberry Fields REIT

Several hedge funds and other institutional investors have recently modified their holdings of STRW. Barclays PLC boosted its position 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 buying an additional 6,535 shares during the period. JPMorgan Chase & Co. increased its holdings 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 purchasing an additional 6,233 shares during the period. State Street Corp raised its position in Strawberry Fields REIT by 4.1% during the 3rd quarter. State Street Corp now owns 45,998 shares of the company's stock worth $584,000 after purchasing an additional 1,796 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings 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 buying an additional 12,129 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.