Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) Stock Position Raised by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its stake in shares of Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) by 20.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,174 shares of the company’s stock after purchasing an additional 2,774 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Strawberry Fields REIT were worth $205,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Duncan Williams Asset Management LLC acquired a new stake in Strawberry Fields REIT during the 3rd quarter valued at $192,000. Rhumbline Advisers acquired a new stake in shares of Strawberry Fields REIT in the second quarter worth $57,000. Finally, Allspring Global Investments Holdings LLC purchased a new position in shares of Strawberry Fields REIT during the third quarter valued at $45,000.

Wall Street Analysts Forecast Growth

Separately, Janney Montgomery Scott initiated coverage on Strawberry Fields REIT in a research note on Wednesday. They set a “buy” rating and a $12.50 target price on the stock.

Insider Activity at Strawberry Fields REIT

In other news, major shareholder Alyeska Investment Group, L.P. sold 200,000 shares of the stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $10.25, for a total transaction of $2,050,000.00. Following the transaction, the insider now owns 1,050,000 shares in the company, valued at $10,762,500. This represents a 16.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Michael Blisko purchased 9,600 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were acquired at an average price of $10.35 per share, for a total transaction of $99,360.00. Following the acquisition, the director now directly owns 214,880 shares in the company, valued at $2,224,008. This represents a 4.68 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 144,547 shares of company stock valued at $1,483,854. Insiders own 10.60% of the company’s stock.

Strawberry Fields REIT Price Performance

STRW stock opened at $10.20 on Friday. The company has a market capitalization of $76.30 million, a price-to-earnings ratio of 20.00 and a beta of 0.22. Strawberry Fields REIT, Inc. 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 will be paid on Monday, December 30th. Investors of record on Monday, December 16th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 5.49%. This is a positive change from Strawberry Fields REIT’s previous quarterly dividend of $0.13. The ex-dividend date is Monday, December 16th. Strawberry Fields REIT’s dividend payout ratio (DPR) is currently 101.96%.

Strawberry Fields REIT 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.