Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) Sees Significant Increase in Short Interest

Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) was the target of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 122,200 shares, an increase of 51.6% from the February 28th total of 80,600 shares. Currently, 1.6% of the shares of the stock are short sold. Based on an average daily volume of 89,800 shares, the days-to-cover ratio is currently 1.4 days.

Strawberry Fields REIT Trading Down 0.9 %

STRW traded down $0.11 during trading hours on Tuesday, hitting $11.80. The company’s stock had a trading volume of 17,657 shares, compared to its average volume of 54,659. The firm has a market cap of $88.26 million, a PE ratio of 23.14, a price-to-earnings-growth ratio of 1.10 and a beta of 0.51. The firm has a 50-day moving average of $11.64. Strawberry Fields REIT has a 12 month low of $7.59 and a 12 month high of $12.90.

Institutional Trading of Strawberry Fields REIT

A number of large investors have recently made changes to their positions in the business. Barclays PLC lifted its holdings 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 acquiring an additional 6,535 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings 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 worth $121,000 after purchasing an additional 6,233 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Strawberry Fields REIT by 20.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 16,174 shares of the company’s stock valued at $205,000 after purchasing an additional 2,774 shares during the last quarter. State Street Corp raised its holdings in Strawberry Fields REIT by 4.1% during 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 during the period. Finally, Geode Capital Management LLC lifted its position 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 buying an additional 12,129 shares during the last quarter.

Analyst Upgrades and Downgrades

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

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.