Strawberry Fields REIT (NYSEAMERICAN:STRW) Upgraded to Strong-Buy at Compass Point

Strawberry Fields REIT (NYSEAMERICAN:STRW) was upgraded by stock analysts at Compass Point to a “strong-buy” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Several other brokerages also recently issued reports on STRW. Janney Montgomery Scott began coverage on shares of Strawberry Fields REIT in a report on Wednesday, December 18th. They issued a “buy” rating and a $12.50 price target on the stock. Lake Street Capital began coverage on Strawberry Fields REIT in a research report on Wednesday, January 8th. They issued a “buy” rating and a $13.50 price objective on the stock. Finally, Wedbush assumed coverage on shares of Strawberry Fields REIT in a research note on Monday, January 6th. They set an “outperform” rating and a $12.00 price target on the stock. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $12.40.

Strawberry Fields REIT Price Performance

NYSEAMERICAN:STRW opened at $11.23 on Wednesday. The firm has a market cap of $84.00 million, a PE ratio of 22.02, a PEG ratio of 1.10 and a beta of 0.51. Strawberry Fields REIT has a 52-week low of $6.56 and a 52-week high of $12.90.

Insiders Place Their Bets

In other Strawberry Fields REIT news, major shareholder Alyeska Investment Group, L.P. sold 200,000 shares of Strawberry Fields REIT 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 sale, the insider now directly owns 1,050,000 shares of the company’s stock, valued at approximately $10,762,500. The trade was a 16.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Moishe Gubin bought 112,347 shares of the firm’s stock in a transaction dated Thursday, December 5th. The shares were acquired at an average price of $10.00 per share, for a total transaction of $1,123,470.00. Following the acquisition, the chief executive officer now directly owns 700,667 shares of the company’s stock, valued at approximately $7,006,670. The trade was a 19.10 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased 154,547 shares of company stock valued at $1,586,276 over the last quarter. Insiders own 10.60% of the company’s stock.

Institutional Investors Weigh In On Strawberry Fields REIT

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Duncan Williams Asset Management LLC bought a new stake in shares of Strawberry Fields REIT during the third quarter worth approximately $192,000. Geode Capital Management LLC lifted its holdings in Strawberry Fields REIT by 14.1% during the third quarter. Geode Capital Management LLC now owns 98,445 shares of the company’s stock worth $1,249,000 after acquiring an additional 12,129 shares in the last quarter. Barclays PLC lifted its holdings in shares of Strawberry Fields REIT by 302.3% during 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. JPMorgan Chase & Co. raised its stake in shares of Strawberry Fields REIT by 186.7% in the 3rd 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 period. Finally, Rhumbline Advisers bought a new stake in shares of Strawberry Fields REIT in the second quarter valued at about $57,000.

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.