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

Strawberry Fields REIT (NYSEAMERICAN:STRW) was upgraded by equities researchers at Compass Point to a “strong-buy” rating in a note issued to investors on Wednesday,Zacks.com reports.

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

Strawberry Fields REIT Price Performance

STRW stock opened at $11.23 on Wednesday. The stock has a market cap of $84.00 million, a P/E ratio of 22.02, a PEG ratio of 1.10 and a beta of 0.51. Strawberry Fields REIT has a 12 month low of $6.56 and a 12 month high of $12.90.

Insider Buying and Selling

In other Strawberry Fields REIT news, major shareholder Alyeska Investment Group, L.P. sold 200,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now directly owns 1,050,000 shares of the company’s stock, valued at $10,762,500. This trade represents a 16.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Moishe Gubin acquired 17,600 shares of Strawberry Fields REIT stock in a transaction that occurred on Tuesday, December 3rd. The shares were bought 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 owns 467,700 shares of the company’s stock, valued at $5,607,723. This represents a 3.91 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 154,547 shares of company stock worth $1,586,276. 10.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of STRW. Allspring Global Investments Holdings LLC purchased a new stake in Strawberry Fields REIT during the third quarter worth approximately $45,000. Rhumbline Advisers acquired a new position in shares of Strawberry Fields REIT in the 2nd quarter valued at $57,000. Barclays PLC grew its position 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 buying an additional 6,535 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Strawberry Fields REIT by 186.7% in the third quarter. JPMorgan Chase & Co. now owns 9,572 shares of the company’s stock valued at $121,000 after acquiring an additional 6,233 shares during the last quarter. Finally, Duncan Williams Asset Management LLC purchased a new position in Strawberry Fields REIT during the 3rd quarter worth $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.