Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) Sees Significant Increase in Short Interest

Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) saw a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 122,200 shares, a growth of 51.6% from the February 28th total of 80,600 shares. Based on an average daily volume of 89,800 shares, the days-to-cover ratio is presently 1.4 days. Currently, 1.6% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

STRW has been the subject of several research analyst reports. Compass Point began coverage on Strawberry Fields REIT in a report on Thursday, January 16th. They issued a “buy” rating and a $14.00 price objective for the company. 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 for the company. Lake Street Capital assumed coverage on Strawberry Fields REIT in a research note on Wednesday, January 8th. They set a “buy” rating and a $13.50 price target for the company. Finally, Wedbush started coverage on Strawberry Fields REIT in a report on Monday, January 6th. They set an “outperform” rating and a $12.00 target price on the stock.

Strawberry Fields REIT Price Performance

Strawberry Fields REIT stock traded up $0.51 during trading hours on Friday, reaching $11.99. 48,288 shares of the company’s stock traded hands, compared to its average volume of 54,749. Strawberry Fields REIT has a fifty-two week low of $7.59 and a fifty-two week high of $12.90. The company has a market cap of $89.69 million, a price-to-earnings ratio of 23.51, a price-to-earnings-growth ratio of 1.10 and a beta of 0.51. The business’s 50 day moving average price is $11.62.

Hedge Funds Weigh In On Strawberry Fields REIT

Large investors have recently added to or reduced their stakes in the company. Barclays PLC boosted its position in shares of Strawberry Fields REIT by 302.3% during the third quarter. Barclays PLC now owns 8,697 shares of the company’s stock worth $110,000 after buying an additional 6,535 shares during the period. JPMorgan Chase & Co. increased its holdings in Strawberry Fields REIT by 186.7% during the third quarter. JPMorgan Chase & Co. now owns 9,572 shares of the company’s stock worth $121,000 after buying an additional 6,233 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake 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 valued at $205,000 after purchasing an additional 2,774 shares during the last quarter. State Street Corp raised its stake 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 acquiring an additional 1,796 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of Strawberry Fields REIT by 14.1% during the 3rd quarter. Geode Capital Management LLC now owns 98,445 shares of the company’s stock worth $1,249,000 after buying an additional 12,129 shares during the period.

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.