Wedbush Forecasts Strong Price Appreciation for Strawberry Fields REIT (NASDAQ:STRW) Stock

Strawberry Fields REIT (NASDAQ:STRW) had its price target hoisted by investment analysts at Wedbush from $12.00 to $14.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Wedbush’s price objective would indicate a potential upside of 17.65% from the stock’s current price.

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

Strawberry Fields REIT Price Performance

Shares of NASDAQ STRW traded down $0.13 during midday trading on Wednesday, hitting $11.90. 8,767 shares of the company traded hands, compared to its average volume of 67,984. Strawberry Fields REIT has a 12-month low of $6.56 and a 12-month high of $12.90. The stock has a market capitalization of $89.02 million, a P/E ratio of 23.33, a P/E/G ratio of 1.16 and a beta of 0.52.

Hedge Funds Weigh In On Strawberry Fields REIT

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Wells Fargo & Company MN boosted its position in shares of Strawberry Fields REIT by 39.6% in the 4th 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 in the last quarter. Bank of America Corp DE boosted its holdings in Strawberry Fields REIT by 52.9% in the fourth quarter. Bank of America Corp DE now owns 4,725 shares of the company’s stock worth $50,000 after acquiring an additional 1,634 shares in the last quarter. BNP Paribas Financial Markets purchased a new stake in shares of Strawberry Fields REIT in the fourth quarter worth $84,000. Pentwater Capital Management LP purchased a new stake in shares of Strawberry Fields REIT in the fourth quarter worth $105,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of Strawberry Fields REIT in the 4th quarter worth about $109,000.

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.