Strawberry Fields REIT (NYSEAMERICAN:STRW) Rating Increased to Strong-Buy at Compass Point

Strawberry Fields REIT (NYSEAMERICAN:STRW) was upgraded by equities research analysts at Compass Point to a “strong-buy” rating in a research note issued on Wednesday,Zacks.com reports.

Several other brokerages have also commented on STRW. Janney Montgomery Scott initiated 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 target for the company. Wedbush began coverage on shares of Strawberry Fields REIT in a research note on Monday, January 6th. They set an “outperform” rating and a $12.00 price objective for the company. Finally, Lake Street Capital started coverage on Strawberry Fields REIT in a research report on Wednesday, January 8th. They issued a “buy” rating and a $13.50 target price on the stock. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Strawberry Fields REIT currently has a consensus rating of “Buy” and a consensus price target of $12.40.

Strawberry Fields REIT Price Performance

STRW opened at $11.22 on Wednesday. Strawberry Fields REIT has a 12 month low of $6.56 and a 12 month high of $12.90. The stock has a market capitalization of $83.93 million, a price-to-earnings ratio of 22.00, a price-to-earnings-growth ratio of 1.10 and a beta of 0.51.

Insider Transactions at Strawberry Fields REIT

In other news, Director Jack Levine acquired 5,000 shares of the company’s stock in a transaction dated Thursday, December 5th. The shares were bought at an average price of $10.00 per share, for a total transaction of $50,000.00. Following the completion of the purchase, the director now directly owns 108,927 shares of the company’s stock, valued at approximately $1,089,270. This trade represents a 4.81 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Alyeska Investment Group, L.P. sold 200,000 shares of the business’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $10.25, for a total transaction of $2,050,000.00. Following the transaction, the insider now directly owns 1,050,000 shares in the company, valued at approximately $10,762,500. The trade was 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 valued at $1,586,276 over the last 90 days. Corporate insiders own 10.60% of the company’s stock.

Institutional Investors Weigh In On Strawberry Fields REIT

Several hedge funds and other institutional investors have recently added to or reduced their stakes in STRW. Rhumbline Advisers purchased a new stake in Strawberry Fields REIT during the 2nd quarter worth approximately $57,000. Duncan Williams Asset Management LLC bought a new stake in shares of Strawberry Fields REIT in the third quarter worth $192,000. Allspring Global Investments Holdings LLC acquired a new stake in Strawberry Fields REIT in the third quarter valued at $45,000. Charles Schwab Investment Management Inc. boosted its stake in 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 valued at $205,000 after acquiring an additional 2,774 shares during the last quarter. Finally, State Street Corp grew its holdings in Strawberry Fields REIT by 4.1% during the 3rd quarter. State Street Corp now owns 45,998 shares of the company’s stock worth $584,000 after acquiring an additional 1,796 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.