Strawberry Fields REIT (NYSEAMERICAN:STRW) Coverage Initiated at Compass Point

Equities research analysts at Compass Point started coverage on shares of Strawberry Fields REIT (NYSEAMERICAN:STRW) in a research report issued on Thursday,Briefing.com Automated Import reports. The firm set a “buy” rating and a $14.00 price target on the stock. Compass Point’s price target would suggest a potential upside of 25.00% from the stock’s current price.

Other research analysts also recently issued reports about the company. Janney Montgomery Scott started coverage on Strawberry Fields REIT in a research note on Wednesday, December 18th. They issued a “buy” rating and a $12.50 price target for the company. Wedbush assumed coverage on shares of Strawberry Fields REIT in a research note on Monday, January 6th. They set an “outperform” rating and a $12.00 target price for the company. Finally, Lake Street Capital initiated coverage on shares of Strawberry Fields REIT in a report on Wednesday, January 8th. They issued a “buy” rating and a $13.50 price target on the stock. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $12.40.

Strawberry Fields REIT Trading Up 0.1 %

Shares of Strawberry Fields REIT stock opened at $11.20 on Thursday. The stock has a market capitalization of $83.78 million, a PE ratio of 21.96, a price-to-earnings-growth ratio of 1.10 and a beta of 0.51. Strawberry Fields REIT has a 52 week low of $6.56 and a 52 week high of $12.90.

Insider Buying and Selling at Strawberry Fields REIT

In other Strawberry Fields REIT news, CEO Moishe Gubin acquired 112,347 shares of the business’s stock in a transaction on Thursday, December 5th. The shares were bought at an average price of $10.00 per share, with a total value of $1,123,470.00. Following the transaction, the chief executive officer now directly owns 700,667 shares of the company’s stock, valued at $7,006,670. The trade was a 19.10 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Alyeska Investment Group, L.P. sold 200,000 shares of Strawberry Fields REIT stock in a transaction 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 sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders acquired 154,547 shares of company stock worth $1,586,276 over the last 90 days. 10.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC purchased a new position in Strawberry Fields REIT during the 3rd quarter worth $45,000. Rhumbline Advisers bought a new position in shares of Strawberry Fields REIT during the 2nd quarter worth $57,000. Barclays PLC increased its stake in shares of Strawberry Fields REIT by 302.3% during the third quarter. Barclays PLC now owns 8,697 shares of the company’s stock valued at $110,000 after buying an additional 6,535 shares during the period. JPMorgan Chase & Co. raised 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 acquiring an additional 6,233 shares in the last quarter. Finally, Duncan Williams Asset Management LLC purchased a new stake in Strawberry Fields REIT in the third quarter worth about $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.