Strawberry Fields REIT (NASDAQ:STRW) Given New $14.00 Price Target at Wedbush

Strawberry Fields REIT (NASDAQ:STRW) had its price objective lifted by Wedbush from $12.00 to $14.00 in a report released on Wednesday morning,Benzinga reports. They currently have an outperform rating on the stock.

Separately, Compass Point set a $14.00 price target on shares of Strawberry Fields REIT in a research report on Wednesday, January 15th.

Strawberry Fields REIT Stock Down 4.1 %

STRW stock opened at $11.54 on Wednesday. Strawberry Fields REIT has a 12 month low of $6.56 and a 12 month high of $12.90. The firm has a market capitalization of $86.33 million, a P/E ratio of 22.63, a price-to-earnings-growth ratio of 1.16 and a beta of 0.52.

Strawberry Fields REIT Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a $0.14 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.56 annualized dividend and a yield of 4.85%. Strawberry Fields REIT’s dividend payout ratio (DPR) is 98.25%.

Hedge Funds Weigh In On Strawberry Fields REIT

A number of large investors have recently bought and sold shares of STRW. Wells Fargo & Company MN raised its position in Strawberry Fields REIT by 39.6% during the 4th quarter. Wells Fargo & Company MN now owns 3,902 shares of the company’s stock worth $41,000 after buying an additional 1,107 shares during the last quarter. Bank of America Corp DE raised its position in Strawberry Fields REIT by 52.9% during the 4th quarter. Bank of America Corp DE now owns 4,725 shares of the company’s stock worth $50,000 after buying an additional 1,634 shares during the last quarter. BNP Paribas Financial Markets purchased a new position in Strawberry Fields REIT during the 4th quarter worth $84,000. Pentwater Capital Management LP purchased a new position in Strawberry Fields REIT during the 4th quarter worth $105,000. Finally, Bank of New York Mellon Corp purchased a new position in Strawberry Fields REIT during the 4th quarter worth $109,000.

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.