HGI Capital Management LLC Buys Shares of 15,486 Strawberry Fields REIT, Inc. (NASDAQ:STRW)

HGI Capital Management LLC purchased a new stake in shares of Strawberry Fields REIT, Inc. (NASDAQ:STRW) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 15,486 shares of the company’s stock, valued at approximately $163,000. Strawberry Fields REIT comprises 0.2% of HGI Capital Management LLC’s portfolio, making the stock its 18th largest position.

A number of other institutional investors and hedge funds have also made changes to their positions in STRW. Keeley Teton Advisors LLC purchased a new stake in Strawberry Fields REIT in the fourth quarter valued at approximately $1,651,000. State of New Jersey Common Pension Fund D acquired a new position in Strawberry Fields REIT in the 4th quarter valued at about $1,354,000. White Pine Capital LLC purchased a new stake in Strawberry Fields REIT during the fourth quarter worth about $748,000. Barclays PLC lifted its position in shares of Strawberry Fields REIT by 637.2% during the fourth quarter. Barclays PLC now owns 64,112 shares of the company’s stock worth $676,000 after purchasing an additional 55,415 shares in the last quarter. Finally, First Eagle Investment Management LLC purchased a new position in shares of Strawberry Fields REIT in the fourth quarter valued at approximately $528,000.

Insider Transactions at Strawberry Fields REIT

In other Strawberry Fields REIT news, Director Michael Blisko purchased 10,000 shares of the business’s stock in a transaction on Tuesday, April 8th. The shares were bought at an average cost of $9.25 per share, for a total transaction of $92,500.00. Following the completion of the purchase, the director now directly owns 314,582 shares in the company, valued at approximately $2,909,883.50. This represents a 3.28 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 10.60% of the company’s stock.

Analysts Set New Price Targets

STRW has been the topic of a number of research reports. Wedbush increased their target price on shares of Strawberry Fields REIT from $12.00 to $14.00 and gave the stock an “outperform” rating in a report on Wednesday, March 5th. Compass Point set a $14.00 target price on Strawberry Fields REIT in a report on Wednesday, January 15th.

Strawberry Fields REIT Stock Performance

Shares of Strawberry Fields REIT stock opened at $10.97 on Friday. The stock’s 50-day moving average is $11.60. The firm has a market capitalization of $134.43 million, a P/E ratio of 21.51, a PEG ratio of 1.16 and a beta of 0.38. Strawberry Fields REIT, Inc. has a one year low of $8.29 and a one year high of $12.90.

Strawberry Fields REIT Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were issued a $0.14 dividend. The ex-dividend date was Monday, March 17th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 5.10%. Strawberry Fields REIT’s payout ratio is 98.25%.

About Strawberry Fields REIT

Strawberry Fields REIT, Inc engages in the ownership, acquisition, development, and leasing of skilled nursing and certain other healthcare-related properties. The company was founded by Moishe Gubin in 2014 and is headquartered in South Bend, IN.