Strawberry Fields REIT (NYSEAMERICAN:STRW) Trading 1.5% Higher – Here’s Why

Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW)’s stock price shot up 1.5% during trading on Friday . The company traded as high as $12.48 and last traded at $12.22. 59,671 shares were traded during mid-day 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

Several equities analysts have weighed in on STRW shares. 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 price objective for the company. Compass Point started coverage on Strawberry Fields REIT in a research note on Thursday, January 16th. They set a “buy” rating and a $14.00 price target for the company. Lake Street Capital assumed coverage on Strawberry Fields REIT in a report on Wednesday, January 8th. They issued a “buy” rating and a $13.50 price objective for the company. Finally, Wedbush began coverage on shares of Strawberry Fields REIT in a report on Monday, January 6th. They set an “outperform” rating and a $12.00 price objective on the stock.

Strawberry Fields REIT Price Performance

The company has a market capitalization of $91.41 million, a PE ratio of 23.96, a P/E/G ratio of 1.10 and a beta of 0.51. The company has a fifty day simple moving average of $11.14.

Insiders Place Their Bets

In other news, Director Michael Blisko purchased 9,800 shares of Strawberry Fields REIT stock in a transaction dated Thursday, December 19th. The stock was purchased at an average cost of $10.25 per share, for a total transaction of $100,450.00. Following the transaction, the director now directly owns 224,680 shares of the company’s stock, valued at approximately $2,302,970. This trade represents a 4.56 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders purchased a total of 19,600 shares of company stock worth $201,782 in the last quarter. 10.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Strawberry Fields REIT

Several large investors have recently added to or reduced their stakes in the business. State Street Corp grew its stake in 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 in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Strawberry Fields REIT by 20.7% during the 3rd 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 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. Barclays PLC increased its stake in Strawberry Fields REIT by 302.3% in the third quarter. Barclays PLC now owns 8,697 shares of the company’s stock valued at $110,000 after acquiring an additional 6,535 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in Strawberry Fields REIT by 14.1% during the third 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 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.