Strawberry Fields REIT (NASDAQ:STRW) Downgraded to Hold Rating by Zacks Research

Zacks Research lowered shares of Strawberry Fields REIT (NASDAQ:STRW) from a strong-buy rating to a hold rating in a research note published on Wednesday morning,Zacks.com reports.

Separately, Cantor Fitzgerald began coverage on shares of Strawberry Fields REIT in a report on Wednesday, October 1st. They set an “overweight” rating and a $14.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Strawberry Fields REIT currently has a consensus rating of “Moderate Buy” and a consensus target price of $12.55.

Strawberry Fields REIT Price Performance

Shares of NASDAQ:STRW opened at $11.55 on Wednesday. The business’s 50-day moving average is $11.88 and its 200 day moving average is $11.04. Strawberry Fields REIT has a 1 year low of $8.70 and a 1 year high of $12.84. The firm has a market capitalization of $150.07 million, a P/E ratio of 22.65, a P/E/G ratio of 1.16 and a beta of 0.41.

Institutional Trading of Strawberry Fields REIT

Institutional investors have recently bought and sold shares of the business. LSV Asset Management lifted its position in shares of Strawberry Fields REIT by 51.7% during the 3rd quarter. LSV Asset Management now owns 9,407 shares of the company’s stock valued at $116,000 after buying an additional 3,207 shares in the last quarter. Diamond Hill Capital Management Inc. raised its position in Strawberry Fields REIT by 10.2% during the third quarter. Diamond Hill Capital Management Inc. now owns 185,401 shares of the company’s stock worth $2,280,000 after acquiring an additional 17,114 shares during the period. Nisa Investment Advisors LLC lifted its holdings in Strawberry Fields REIT by 93.5% during the third quarter. Nisa Investment Advisors LLC now owns 2,020 shares of the company’s stock valued at $25,000 after purchasing an additional 976 shares in the last quarter. Copeland Capital Management LLC purchased a new position in Strawberry Fields REIT during the third quarter valued at $77,000. Finally, Lazard Asset Management LLC grew its position in shares of Strawberry Fields REIT by 288.7% in the second quarter. Lazard Asset Management LLC now owns 22,631 shares of the company’s stock valued at $238,000 after purchasing an additional 16,809 shares during the period.

Strawberry Fields REIT Company Profile

Strawberry Fields REIT, Inc engages in the ownership, acquisition, development, and leasing of skilled nursing and certain other healthcare-related properties. The company was founded by Moishe Gubin in 2014 and is headquartered in South Bend, IN.