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

Equities research analysts at Compass Point initiated coverage on shares of Strawberry Fields REIT (NYSEAMERICAN:STRW) in a report released on Thursday,Briefing.com Automated Import reports. The brokerage set a “buy” rating and a $14.00 price target on the stock. Compass Point’s price objective suggests a potential upside of 25.00% from the company’s previous close.

STRW has been the subject of a number of other research reports. Janney Montgomery Scott initiated coverage on shares of 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. Lake Street Capital started coverage on Strawberry Fields REIT in a research report on Wednesday, January 8th. They set a “buy” rating and a $13.50 price objective on the stock. Finally, Wedbush started coverage on Strawberry Fields REIT in a report on Monday, January 6th. They set an “outperform” rating and a $12.00 target price for the company. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Strawberry Fields REIT presently has an average rating of “Buy” and an average target price of $12.40.

Strawberry Fields REIT Stock Performance

Shares of STRW opened at $11.20 on Thursday. The stock has a market cap of $83.78 million, a P/E ratio of 21.96, a P/E/G 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 Activity at Strawberry Fields REIT

In other news, major shareholder Alyeska Investment Group, L.P. sold 200,000 shares of Strawberry Fields REIT stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $10.25, for a total value of $2,050,000.00. Following the completion of the sale, the insider now directly owns 1,050,000 shares in the company, valued at $10,762,500. The trade was a 16.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jack Levine acquired 5,000 shares of the firm’s stock in a transaction dated Thursday, December 5th. The shares were bought at an average cost of $10.00 per share, with a total value of $50,000.00. Following the completion of the acquisition, the director now directly owns 108,927 shares of the company’s stock, valued at $1,089,270. The trade was a 4.81 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 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 made changes to their positions in the business. Allspring Global Investments Holdings LLC bought a new position in Strawberry Fields REIT in the 3rd quarter worth $45,000. Rhumbline Advisers purchased a new stake in Strawberry Fields REIT in the second quarter worth about $57,000. Barclays PLC raised its stake in shares of Strawberry Fields REIT by 302.3% in the third quarter. Barclays PLC now owns 8,697 shares of the company’s stock worth $110,000 after buying an additional 6,535 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Strawberry Fields REIT by 186.7% during the 3rd 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 during the period. Finally, Duncan Williams Asset Management LLC purchased a new stake in Strawberry Fields REIT in the 3rd quarter worth approximately $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.