Strawberry Fields REIT (NYSEAMERICAN:STRW) Upgraded at Compass Point

Compass Point upgraded shares of Strawberry Fields REIT (NYSEAMERICAN:STRW - Free Report) to a strong-buy rating in a research report sent to investors on Wednesday,Zacks.com reports.

A number of other equities research analysts also recently issued reports on STRW. Lake Street Capital began coverage on shares of Strawberry Fields REIT in a report on Wednesday, January 8th. They issued a "buy" rating and a $13.50 target price for the company. Wedbush initiated coverage on Strawberry Fields REIT in a research note on Monday, January 6th. They set an "outperform" rating and a $12.00 price target for the company. Finally, Janney Montgomery Scott started coverage on Strawberry Fields REIT in a report on Wednesday, December 18th. They set a "buy" rating and a $12.50 target price for the company. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $12.40.

Strawberry Fields REIT Stock Down 0.4 %

Shares of NYSEAMERICAN STRW traded down $0.05 during trading on Wednesday, reaching $11.18. The company had a trading volume of 155,400 shares, compared to its average volume of 106,992. Strawberry Fields REIT has a twelve month low of $6.56 and a twelve month high of $12.90. The stock has a market cap of $83.63 million, a price-to-earnings ratio of 21.92, a price-to-earnings-growth ratio of 1.10 and a beta of 0.51.

Strawberry Fields REIT Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 16th were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Monday, December 16th. 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 5.01%. Strawberry Fields REIT's dividend payout ratio (DPR) is 109.81%.

Insider Activity

In other Strawberry Fields REIT news, major shareholder Alyeska Investment Group, L.P. sold 200,000 shares of the company'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 completion of the transaction, the insider now owns 1,050,000 shares in the company, valued at approximately $10,762,500. This represents a 16.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Michael Blisko purchased 9,800 shares of the company's stock in a transaction on Thursday, December 19th. The stock was purchased at an average price of $10.25 per share, for a total transaction of $100,450.00. Following the purchase, the director now directly owns 224,680 shares of the company's stock, valued at $2,302,970. This trade represents a 4.56 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders acquired 154,547 shares of company stock valued at $1,586,276. Company insiders own 10.60% of the company's stock.

Institutional Investors Weigh In On Strawberry Fields REIT

Hedge funds and other institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC raised its stake 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 worth $1,249,000 after buying an additional 12,129 shares in the last quarter. State Street Corp lifted its stake in Strawberry Fields REIT by 4.1% during the third 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 during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Strawberry Fields REIT by 20.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 16,174 shares of the company's stock worth $205,000 after buying an additional 2,774 shares in the last quarter. Duncan Williams Asset Management LLC acquired a new position in Strawberry Fields REIT in the third quarter worth approximately $192,000. Finally, JPMorgan Chase & Co. increased its holdings 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 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.