Strawberry Fields REIT (NYSEAMERICAN:STRW) Shares Up 1.5% - Time to Buy?

Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW - Get Free Report) shares traded up 1.5% on Friday . The company traded as high as $12.48 and last traded at $12.22. 59,671 shares traded hands during trading, a decline of 12% from the average session volume of 68,036 shares. The stock had previously closed at $12.04.

Wall Street Analysts Forecast Growth

STRW has been the subject of several research reports. Wedbush assumed coverage on Strawberry Fields REIT in a research report on Monday, January 6th. They issued an "outperform" rating and a $12.00 target price for the company. Compass Point started coverage on shares of Strawberry Fields REIT in a report on Thursday, January 16th. They set a "buy" rating and a $14.00 price objective for the company. Lake Street Capital initiated coverage on shares of 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, Janney Montgomery Scott started coverage on shares of Strawberry Fields REIT in a research note on Wednesday, December 18th. They set a "buy" rating and a $12.50 price target for the company.

Strawberry Fields REIT Trading Up 2.4 %

The stock has a market cap of $94.25 million, a price-to-earnings ratio of 24.71, a price-to-earnings-growth ratio of 1.10 and a beta of 0.51. The company has a 50-day moving average price of $11.18.

Insider Buying and Selling

In other Strawberry Fields REIT news, Director Michael Blisko purchased 9,600 shares of the stock in a transaction dated Thursday, December 12th. The stock was bought at an average price of $10.35 per share, for a total transaction of $99,360.00. Following the transaction, the director now directly owns 214,880 shares in the company, valued at $2,224,008. This represents a 4.68 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have purchased a total of 19,600 shares of company stock worth $201,782 in the last 90 days. Corporate insiders own 10.60% of the company's stock.

Remove Ads

Hedge Funds Weigh In On Strawberry Fields REIT

Hedge funds have recently added to or reduced their stakes in the stock. Barclays PLC raised its holdings in Strawberry Fields REIT by 302.3% in the third quarter. Barclays PLC now owns 8,697 shares of the company's stock worth $110,000 after purchasing an additional 6,535 shares during the period. JPMorgan Chase & Co. lifted its holdings in Strawberry Fields REIT by 186.7% during the third quarter. JPMorgan Chase & Co. now owns 9,572 shares of the company's stock worth $121,000 after acquiring an additional 6,233 shares in the last quarter. 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 worth $205,000 after acquiring an additional 2,774 shares in the last quarter. State Street Corp increased its holdings in shares of Strawberry Fields REIT by 4.1% in the third quarter. State Street Corp now owns 45,998 shares of the company's stock worth $584,000 after acquiring an additional 1,796 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of 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 purchasing 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.