Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) Short Interest Update

Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) saw a large growth in short interest in March. As of March 15th, there was short interest totalling 122,200 shares, a growth of 51.6% from the February 28th total of 80,600 shares. Based on an average daily trading volume, of 89,800 shares, the days-to-cover ratio is currently 1.4 days. Approximately 1.6% of the company’s shares are sold short.

Analyst Ratings Changes

Several research analysts recently issued reports on STRW shares. Janney Montgomery Scott started coverage on Strawberry Fields REIT in a research note on Wednesday, December 18th. They issued a “buy” rating and a $12.50 price objective on the stock. Compass Point assumed coverage on Strawberry Fields REIT in a research report on Thursday, January 16th. They set a “buy” rating and a $14.00 price target on the stock. Lake Street Capital began coverage on Strawberry Fields REIT in a research note on Wednesday, January 8th. They set a “buy” rating and a $13.50 price target on the stock. Finally, Wedbush assumed coverage on shares of Strawberry Fields REIT in a research note on Monday, January 6th. They issued an “outperform” rating and a $12.00 price objective for the company.

Strawberry Fields REIT Trading Down 0.9 %

NYSEAMERICAN STRW traded down $0.11 during midday trading on Tuesday, hitting $11.80. 17,657 shares of the company traded hands, compared to its average volume of 54,659. Strawberry Fields REIT has a 52 week low of $7.59 and a 52 week high of $12.90. The firm has a 50-day simple moving average of $11.64. The stock has a market capitalization of $88.26 million, a P/E ratio of 23.14, a PEG ratio of 1.10 and a beta of 0.51.

Institutional Investors Weigh In On Strawberry Fields REIT

Institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC raised its holdings in Strawberry Fields REIT by 14.1% in the third quarter. Geode Capital Management LLC now owns 98,445 shares of the company’s stock worth $1,249,000 after purchasing an additional 12,129 shares in the last quarter. State Street Corp boosted its holdings in shares of Strawberry Fields REIT by 4.1% in the 3rd quarter. State Street Corp now owns 45,998 shares of the company’s stock valued at $584,000 after buying an additional 1,796 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Strawberry Fields REIT by 20.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 16,174 shares of the company’s stock worth $205,000 after buying an additional 2,774 shares during the last quarter. JPMorgan Chase & Co. raised 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 worth $121,000 after acquiring an additional 6,233 shares in the last quarter. Finally, Barclays PLC lifted its position in Strawberry Fields REIT by 302.3% during 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 last quarter.

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.