Short Interest in Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) Declines By 33.8%

Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) was the target of a large decrease in short interest in January. As of January 31st, there was short interest totalling 76,600 shares, a decrease of 33.8% from the January 15th total of 115,700 shares. Currently, 1.1% of the shares of the stock are sold short. Based on an average daily volume of 121,600 shares, the days-to-cover ratio is presently 0.6 days.

Strawberry Fields REIT Trading Down 0.1 %

NYSEAMERICAN STRW traded down $0.01 during trading hours on Friday, hitting $11.77. 39,736 shares of the company’s stock traded hands, compared to its average volume of 76,471. Strawberry Fields REIT has a 52 week low of $6.56 and a 52 week high of $12.90. The firm has a market capitalization of $88.04 million, a price-to-earnings ratio of 23.08, a price-to-earnings-growth ratio of 1.10 and a beta of 0.51.

Insiders Place Their Bets

In related news, Director Michael Blisko bought 9,800 shares of the company’s stock in a transaction that occurred on Thursday, December 19th. The stock was bought at an average cost of $10.25 per share, for a total transaction of $100,450.00. Following the acquisition, the director now directly owns 224,680 shares of the company’s stock, valued at $2,302,970. The trade was a 4.56 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Moishe Gubin purchased 17,600 shares of Strawberry Fields REIT stock in a transaction that occurred on Tuesday, December 3rd. The shares were acquired at an average price of $11.99 per share, for a total transaction of $211,024.00. Following the acquisition, the chief executive officer now 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. Insiders have bought 154,547 shares of company stock worth $1,586,276 in the last three months. 10.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Strawberry Fields REIT

Several institutional investors and hedge funds have recently bought and sold shares of STRW. Allspring Global Investments Holdings LLC bought a new position in shares of Strawberry Fields REIT during the third quarter worth $45,000. Barclays PLC boosted its stake 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 worth $110,000 after purchasing an additional 6,535 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Strawberry Fields REIT by 186.7% in the third quarter. JPMorgan Chase & Co. now owns 9,572 shares of the company’s stock worth $121,000 after buying an additional 6,233 shares during the period. Charles Schwab Investment Management Inc. boosted its position in 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 valued at $205,000 after buying an additional 2,774 shares during the period. Finally, State Street Corp increased its stake in shares of Strawberry Fields REIT by 4.1% during the third 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 during the period.

Wall Street Analysts Forecast Growth

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

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.