Wedbush Begins Coverage on Strawberry Fields REIT (NYSEAMERICAN:STRW)

Investment analysts at Wedbush started coverage on shares of Strawberry Fields REIT (NYSEAMERICAN:STRW) in a research note issued on Monday,Briefing.com Automated Import reports. The firm set an “outperform” rating and a $12.00 price target on the stock. Wedbush’s target price points to a potential upside of 12.04% from the stock’s previous close.

Separately, Janney Montgomery Scott initiated coverage on shares of Strawberry Fields REIT in a report on Wednesday, December 18th. They issued a “buy” rating and a $12.50 target price on the stock.

Strawberry Fields REIT Stock Up 4.0 %

Shares of Strawberry Fields REIT stock opened at $10.71 on Monday. Strawberry Fields REIT has a twelve month low of $6.56 and a twelve month high of $12.90. The stock has a market capitalization of $80.11 million, a price-to-earnings ratio of 21.00 and a beta of 0.22.

Insiders Place Their Bets

In other Strawberry Fields REIT news, Director Jack Levine acquired 5,000 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The stock was bought at an average cost of $10.00 per share, with a total value of $50,000.00. Following the acquisition, the director now owns 108,927 shares in the company, valued at approximately $1,089,270. This represents a 4.81 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Moishe Gubin bought 112,347 shares of the stock in a transaction on Thursday, December 5th. The shares were acquired at an average cost of $10.00 per share, for a total transaction of $1,123,470.00. Following the acquisition, the chief executive officer now directly owns 700,667 shares in the company, valued at approximately $7,006,670. This trade represents a 19.10 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 154,547 shares of company stock valued at $1,586,276. Company insiders own 10.60% of the company’s stock.

Institutional Trading of Strawberry Fields REIT

Hedge funds and other institutional investors have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC purchased a new stake in Strawberry Fields REIT in the third quarter valued at approximately $45,000. Rhumbline Advisers purchased a new stake in shares of Strawberry Fields REIT during the 2nd quarter valued at $57,000. Barclays PLC lifted its holdings in shares of 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 acquiring an additional 6,535 shares during the last quarter. JPMorgan Chase & Co. grew its position in Strawberry Fields REIT by 186.7% in 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. Finally, Duncan Williams Asset Management LLC bought a new position in Strawberry Fields REIT in the third quarter valued at $192,000.

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.