Strawberry Fields REIT (NYSEAMERICAN:STRW) Coverage Initiated at Lake Street Capital

Analysts at Lake Street Capital assumed coverage on shares of Strawberry Fields REIT (NYSEAMERICAN:STRW) in a research note issued to investors on Wednesday,Briefing.com Automated Import reports. The brokerage set a “buy” rating and a $13.50 price target on the stock. Lake Street Capital’s price objective indicates a potential upside of 24.08% from the stock’s previous close.

A number of other equities research analysts also recently issued reports on the stock. Wedbush started coverage on shares of Strawberry Fields REIT in a report on Monday. They issued an “outperform” rating and a $12.00 target price for the company. Janney Montgomery Scott assumed coverage on shares of Strawberry Fields REIT in a research note on Wednesday, December 18th. They set a “buy” rating and a $12.50 price objective for the company.

Strawberry Fields REIT Stock Up 5.8 %

NYSEAMERICAN:STRW opened at $10.88 on Wednesday. The company has a market capitalization of $81.38 million, a PE ratio of 21.33 and a beta of 0.22. Strawberry Fields REIT has a 1-year low of $6.56 and a 1-year 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 the company’s stock in a transaction 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 transaction, the insider now directly owns 1,050,000 shares in the company, valued at approximately $10,762,500. This represents a 16.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Moishe Gubin purchased 17,600 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were purchased at an average cost of $11.99 per share, for a total transaction of $211,024.00. Following the purchase, the chief executive officer now directly owns 467,700 shares in the company, valued at $5,607,723. This trade represents a 3.91 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders purchased 154,547 shares of company stock worth $1,586,276. Corporate insiders own 10.60% of the company’s stock.

Institutional Trading of Strawberry Fields REIT

A number of hedge funds and other institutional investors have recently modified their holdings of STRW. Allspring Global Investments Holdings LLC bought a new position in shares of Strawberry Fields REIT in the 3rd quarter worth about $45,000. Rhumbline Advisers bought a new position in Strawberry Fields REIT in the second quarter worth about $57,000. Barclays PLC boosted its stake in 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 acquiring an additional 6,535 shares during the period. JPMorgan Chase & Co. grew its holdings 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 purchasing an additional 6,233 shares during the last quarter. Finally, Duncan Williams Asset Management LLC acquired a new stake in shares of Strawberry Fields REIT during 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.