Michael Blisko Buys 10,000 Shares of Strawberry Fields REIT, Inc. (NASDAQ:STRW) Stock

Strawberry Fields REIT, Inc. (NASDAQ:STRW) Director Michael Blisko bought 10,000 shares of the firm’s stock in a transaction on Tuesday, April 8th. The shares were bought at an average cost of $9.25 per share, with a total value of $92,500.00. Following the transaction, the director now directly owns 314,582 shares of the company’s stock, valued at approximately $2,909,883.50. This trade represents a 3.28 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Strawberry Fields REIT Stock Down 7.9 %

STRW traded down $0.86 during midday trading on Tuesday, reaching $10.06. 519,665 shares of the company’s stock were exchanged, compared to its average volume of 90,125. Strawberry Fields REIT, Inc. has a one year low of $8.14 and a one year high of $12.90. The company has a market cap of $123.28 million, a price-to-earnings ratio of 19.73, a price-to-earnings-growth ratio of 1.16 and a beta of 0.38. The company’s 50-day moving average is $11.73.

Strawberry Fields REIT Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were issued a dividend of $0.14 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $0.56 dividend on an annualized basis and a yield of 5.57%. Strawberry Fields REIT’s dividend payout ratio is 98.25%.

Institutional Trading of Strawberry Fields REIT

Several hedge funds have recently modified their holdings of the stock. Wells Fargo & Company MN grew its stake in shares of Strawberry Fields REIT by 39.6% during the fourth quarter. Wells Fargo & Company MN now owns 3,902 shares of the company’s stock worth $41,000 after purchasing an additional 1,107 shares during the period. Bank of America Corp DE raised its position in Strawberry Fields REIT by 52.9% in the 4th quarter. Bank of America Corp DE now owns 4,725 shares of the company’s stock valued at $50,000 after buying an additional 1,634 shares during the last quarter. Northern Trust Corp lifted its position in shares of Strawberry Fields REIT by 4.8% in the fourth quarter. Northern Trust Corp now owns 40,003 shares of the company’s stock worth $422,000 after purchasing an additional 1,844 shares in the last quarter. Rhumbline Advisers lifted its position in Strawberry Fields REIT by 39.5% during the 1st quarter. Rhumbline Advisers now owns 7,412 shares of the company’s stock worth $88,000 after buying an additional 2,098 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in Strawberry Fields REIT by 2,191.7% during the first quarter. GAMMA Investing LLC now owns 3,025 shares of the company’s stock worth $36,000 after acquiring an additional 2,893 shares in the last quarter.

Analysts Set New Price Targets

A number of brokerages have recently commented on STRW. Wedbush upped their price objective on shares of Strawberry Fields REIT from $12.00 to $14.00 and gave the company an “outperform” rating in a research report on Wednesday, March 5th. Compass Point set a $14.00 price objective on Strawberry Fields REIT in a report on Wednesday, January 15th.

Strawberry Fields REIT Company Profile

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.