Strawberry Fields REIT (NYSEAMERICAN:STRW) Stock Rating Upgraded by Compass Point

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

A number of other equities research analysts also recently commented on the stock. Lake Street Capital started coverage on shares of Strawberry Fields REIT in a research report on Wednesday, January 8th. They issued a “buy” rating and a $13.50 price objective for the company. Janney Montgomery Scott started coverage on Strawberry Fields REIT in a report on Wednesday, December 18th. They issued a “buy” rating and a $12.50 price target for the company. Finally, Wedbush began coverage on Strawberry Fields REIT in a research note on Monday, January 6th. They issued an “outperform” rating and a $12.00 price target on the stock. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $12.40.

Strawberry Fields REIT Stock Down 0.1 %

STRW stock opened at $11.22 on Wednesday. The firm has a market capitalization of $83.93 million, a PE ratio of 22.00, a PEG ratio of 1.10 and a beta of 0.51. Strawberry Fields REIT has a one year low of $6.56 and a one year high of $12.90.

Insider Transactions at Strawberry Fields REIT

In other Strawberry Fields REIT news, CEO Moishe Gubin purchased 17,600 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were acquired at an average cost of $11.99 per share, for a total transaction of $211,024.00. Following the completion of the transaction, the chief executive officer now directly owns 467,700 shares of the company’s stock, valued at $5,607,723. This trade represents a 3.91 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder Alyeska Investment Group, L.P. sold 200,000 shares of the firm’s stock in a transaction that occurred 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 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 have bought 154,547 shares of company stock valued at $1,586,276 in the last quarter. 10.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Strawberry Fields REIT

Institutional investors and hedge funds have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC purchased a new position in Strawberry Fields REIT in the 3rd quarter valued at about $45,000. Rhumbline Advisers purchased a new stake in shares of Strawberry Fields REIT during the second quarter worth about $57,000. Barclays PLC raised its position 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 valued at $110,000 after buying an additional 6,535 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Strawberry Fields REIT by 186.7% during the third quarter. JPMorgan Chase & Co. now owns 9,572 shares of the company’s stock valued at $121,000 after buying an additional 6,233 shares during the period. Finally, Duncan Williams Asset Management LLC acquired a new stake in Strawberry Fields REIT during the third 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.