Wedbush Begins Coverage on Strawberry Fields REIT (NYSEAMERICAN:STRW)

Equities researchers at Wedbush started coverage on shares of Strawberry Fields REIT (NYSEAMERICAN:STRW) in a research note issued on Monday, MarketBeat Ratings reports. The firm set an “outperform” rating and a $12.00 price target on the stock. Wedbush’s price target would indicate a potential upside of 10.29% from the stock’s current price.

Separately, Janney Montgomery Scott assumed coverage on Strawberry Fields REIT in a report on Wednesday, December 18th. They set a “buy” rating and a $12.50 price target for the company.

Strawberry Fields REIT Trading Up 5.8 %

Shares of STRW opened at $10.88 on Monday. The firm has a market capitalization of $81.38 million, a PE ratio of 21.33 and a beta of 0.22. Strawberry Fields REIT has a twelve month low of $6.56 and a twelve month high of $12.90.

Insider Activity at Strawberry Fields REIT

In other news, CEO Moishe Gubin purchased 17,600 shares of the business’s stock in a transaction on Tuesday, December 3rd. The shares were bought at an average price of $11.99 per share, with a total value of $211,024.00. Following the completion of the transaction, the chief executive officer now directly owns 467,700 shares in the company, valued at approximately $5,607,723. This represents a 3.91 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael Blisko acquired 9,800 shares of the firm’s stock in a transaction dated Thursday, December 19th. The stock was purchased at an average cost of $10.25 per share, with a total value of $100,450.00. Following the completion of the acquisition, the director now directly owns 224,680 shares of the company’s stock, valued at approximately $2,302,970. This trade represents a 4.56 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 154,547 shares of company stock valued at $1,586,276 in the last ninety days. Insiders own 10.60% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. increased its holdings in shares of Strawberry Fields REIT by 20.7% in the third 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 period. State Street Corp grew its position in Strawberry Fields REIT by 4.1% in 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 last quarter. Rhumbline Advisers acquired a new position in Strawberry Fields REIT in the 2nd quarter valued at $57,000. Allspring Global Investments Holdings LLC purchased a new position in Strawberry Fields REIT during the 3rd quarter worth $45,000. Finally, Duncan Williams Asset Management LLC purchased a new position in Strawberry Fields REIT during the third quarter worth about $192,000.

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.