Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) Sees Large Drop in Short Interest

Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) was the recipient of a significant drop in short interest in January. As of January 31st, there was short interest totalling 76,600 shares, a drop of 33.8% from the January 15th total of 115,700 shares. Approximately 1.1% of the company’s stock are short sold. Based on an average trading volume of 121,600 shares, the days-to-cover ratio is currently 0.6 days.

Strawberry Fields REIT Stock Performance

STRW stock opened at $11.42 on Friday. Strawberry Fields REIT has a twelve month low of $6.56 and a twelve month high of $12.90. The stock has a market cap of $85.42 million, a PE ratio of 22.50, a P/E/G ratio of 1.10 and a beta of 0.51.

Analysts Set New Price Targets

STRW has been the topic of several research reports. Lake Street Capital initiated coverage on Strawberry Fields REIT in a research report on Wednesday, January 8th. They issued a “buy” rating and a $13.50 target price on the stock. Compass Point initiated coverage on Strawberry Fields REIT in a research report on Thursday, January 16th. They issued a “buy” rating and a $14.00 target price on the stock. Janney Montgomery Scott initiated coverage on Strawberry Fields REIT in a research report on Wednesday, December 18th. They issued a “buy” rating and a $12.50 target price on the stock. Finally, Wedbush initiated coverage on Strawberry Fields REIT in a research report on Monday, January 6th. They issued an “outperform” rating and a $12.00 target price on the stock.

Insider Activity

In other Strawberry Fields REIT news, CEO Moishe Gubin acquired 17,600 shares of Strawberry Fields REIT stock in a transaction that occurred on Tuesday, December 3rd. The stock was bought at an average cost 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 of the company’s stock, valued at $5,607,723. This represents a 3.91 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Jack Levine acquired 5,000 shares of Strawberry Fields REIT stock in a transaction that occurred on Thursday, December 5th. The stock was acquired at an average price of $10.00 per share, with a total value of $50,000.00. Following the completion of the acquisition, the director now directly owns 108,927 shares in the company, valued at $1,089,270. This represents a 4.81 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased 154,547 shares of company stock worth $1,586,276 over the last three months. 10.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in STRW. JPMorgan Chase & Co. lifted its holdings in 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 in the last quarter. Barclays PLC lifted its holdings in Strawberry Fields REIT by 302.3% in 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 in the last quarter. Geode Capital Management LLC lifted its holdings in Strawberry Fields REIT by 14.1% in the 3rd quarter. Geode Capital Management LLC now owns 98,445 shares of the company’s stock worth $1,249,000 after purchasing an additional 12,129 shares in the last quarter. State Street Corp lifted its holdings in Strawberry Fields REIT by 4.1% in the 3rd quarter. State Street Corp now owns 45,998 shares of the company’s stock worth $584,000 after purchasing an additional 1,796 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings 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 worth $205,000 after purchasing an additional 2,774 shares in the last quarter.

Strawberry Fields REIT Company Profile

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.