Strawberry Fields REIT (NYSEAMERICAN:STRW) Coverage Initiated at Wedbush

Stock analysts at Wedbush initiated coverage on shares of Strawberry Fields REIT (NYSEAMERICAN:STRW - Get Free Report) in a research report issued to clients and investors on Monday, Marketbeat Ratings reports. The firm set an "outperform" rating and a $12.00 price target on the stock. Wedbush's target price would suggest a potential upside of 16.73% from the stock's previous close.

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

Strawberry Fields REIT Trading Down 4.0 %

Strawberry Fields REIT stock traded down $0.43 on Monday, hitting $10.28. 34,606 shares of the stock traded hands, compared to its average volume of 33,568. Strawberry Fields REIT has a 1 year low of $6.56 and a 1 year high of $12.90. The firm has a market capitalization of $76.89 million, a P/E ratio of 20.16 and a beta of 0.22.

Insider Transactions at Strawberry Fields REIT

In other Strawberry Fields REIT news, CEO Moishe Gubin bought 17,600 shares of the firm's stock in a transaction dated Tuesday, December 3rd. The shares were purchased at an average cost of $11.99 per share, for a total transaction of $211,024.00. Following the transaction, the chief executive officer now owns 467,700 shares of the company's stock, valued at $5,607,723. This represents a 3.91 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Alyeska Investment Group, L.P. sold 200,000 shares of Strawberry Fields REIT stock in a transaction that occurred on Thursday, December 5th. The stock was 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 of the company's stock, valued at approximately $10,762,500. This trade represents a 16.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have purchased 154,547 shares of company stock valued at $1,586,276. 10.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Strawberry Fields REIT

Several institutional investors and hedge funds have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. boosted 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 period. State Street Corp lifted its holdings in shares of Strawberry Fields REIT by 4.1% in the 3rd quarter. State Street Corp now owns 45,998 shares of the company's stock worth $584,000 after buying an additional 1,796 shares during the period. Rhumbline Advisers purchased a new stake in shares of Strawberry Fields REIT in the 2nd quarter worth $57,000. Allspring Global Investments Holdings LLC bought a new position in shares of Strawberry Fields REIT during the 3rd quarter worth $45,000. Finally, Duncan Williams Asset Management LLC bought a new position in shares of Strawberry Fields REIT during the 3rd quarter worth $192,000.

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.