Janney Montgomery Scott Initiates Coverage on Strawberry Fields REIT (NYSEAMERICAN:STRW)

Janney Montgomery Scott started coverage on shares of Strawberry Fields REIT (NYSEAMERICAN:STRW) in a research report released on Wednesday morning, Marketbeat.com reports. The brokerage issued a buy rating and a $12.50 target price on the stock.

Strawberry Fields REIT Stock Performance

Shares of STRW opened at $9.99 on Wednesday. The stock has a market capitalization of $74.73 million, a PE ratio of 19.59 and a beta of 0.22. Strawberry Fields REIT has a fifty-two week low of $6.56 and a fifty-two week high of $12.90.

Strawberry Fields REIT Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 16th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Monday, December 16th. This is an increase from Strawberry Fields REIT’s previous quarterly dividend of $0.13. This represents a $0.56 annualized dividend and a yield of 5.61%. Strawberry Fields REIT’s dividend payout ratio (DPR) is 101.96%.

Insider Transactions at Strawberry Fields REIT

In other Strawberry Fields REIT news, CEO Moishe Gubin bought 17,600 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The shares were purchased at an average price of $11.99 per share, for a total transaction of $211,024.00. Following the transaction, the chief executive officer now directly owns 467,700 shares in the company, valued at approximately $5,607,723. This trade represents a 3.91 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jack Levine purchased 5,000 shares of the company’s stock in a transaction dated Thursday, December 5th. The stock was acquired at an average price of $10.00 per share, with a total value of $50,000.00. Following the completion of the transaction, the director now owns 108,927 shares of the company’s stock, valued at $1,089,270. This represents a 4.81 % increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 144,547 shares of company stock worth $1,483,854 over the last quarter. Company insiders own 10.60% of the company’s stock.

Hedge Funds Weigh In On Strawberry Fields REIT

Hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC raised its position in shares of Strawberry Fields REIT by 14.1% in the 3rd quarter. Geode Capital Management LLC now owns 98,445 shares of the company’s stock valued at $1,249,000 after buying an additional 12,129 shares in the last quarter. State Street Corp increased its stake in Strawberry Fields REIT by 4.1% in the third quarter. State Street Corp now owns 45,998 shares of the company’s stock valued at $584,000 after acquiring an additional 1,796 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Strawberry Fields REIT by 20.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 16,174 shares of the company’s stock valued at $205,000 after purchasing an additional 2,774 shares in the last quarter. Duncan Williams Asset Management LLC bought a new stake in Strawberry Fields REIT during the third quarter worth $192,000. Finally, Barclays PLC boosted its holdings in shares of Strawberry Fields REIT by 302.3% in the 3rd quarter. Barclays PLC now owns 8,697 shares of the company’s stock valued at $110,000 after purchasing an additional 6,535 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.