Strawberry Fields REIT (NASDAQ:STRW) Downgraded by Compass Point to “Neutral”

Compass Point downgraded shares of Strawberry Fields REIT (NASDAQ:STRW) from a buy rating to a neutral rating in a report released on Wednesday, Marketbeat reports. Compass Point currently has $10.65 price target on the stock, down from their prior price target of $12.20.

Separately, Wedbush reaffirmed an “outperform” rating and issued a $13.00 target price (down from $14.00) on shares of Strawberry Fields REIT in a report on Monday, May 12th.

Strawberry Fields REIT Trading Down 1.0%

Shares of Strawberry Fields REIT stock opened at $10.17 on Wednesday. Strawberry Fields REIT has a one year low of $8.70 and a one year high of $12.90. The business has a fifty day moving average of $10.47. The company has a market cap of $126.57 million, a PE ratio of 19.94, a P/E/G ratio of 1.16 and a beta of 0.39.

Strawberry Fields REIT Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 16th were issued a $0.14 dividend. The ex-dividend date was Monday, June 16th. This represents a $0.56 dividend on an annualized basis and a yield of 5.51%. Strawberry Fields REIT’s dividend payout ratio is currently 96.55%.

Insider Buying and Selling

In other Strawberry Fields REIT news, Director Michael Blisko purchased 10,000 shares of the firm’s stock in a transaction on Tuesday, April 8th. The shares were acquired at an average cost of $9.25 per share, with a total value of $92,500.00. Following the completion of the acquisition, the director directly owned 314,582 shares in the company, valued at $2,909,883.50. The trade was a 3.28% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders bought 11,904 shares of company stock worth $112,381 over the last quarter. 10.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Strawberry Fields REIT

A number of institutional investors and hedge funds have recently bought and sold shares of STRW. CWM LLC raised its holdings in Strawberry Fields REIT by 36,616.7% during the first quarter. CWM LLC now owns 2,203 shares of the company’s stock valued at $26,000 after acquiring an additional 2,197 shares during the period. GAMMA Investing LLC raised its holdings in Strawberry Fields REIT by 2,191.7% during the first quarter. GAMMA Investing LLC now owns 3,025 shares of the company’s stock valued at $36,000 after acquiring an additional 2,893 shares during the period. Wells Fargo & Company MN raised its holdings in Strawberry Fields REIT by 39.6% during the fourth quarter. Wells Fargo & Company MN now owns 3,902 shares of the company’s stock valued at $41,000 after acquiring an additional 1,107 shares during the period. Bank of America Corp DE raised its holdings in Strawberry Fields REIT by 52.9% during the fourth quarter. Bank of America Corp DE now owns 4,725 shares of the company’s stock valued at $50,000 after acquiring an additional 1,634 shares during the period. Finally, Corebridge Financial Inc. raised its holdings in Strawberry Fields REIT by 48.0% during the first quarter. Corebridge Financial Inc. now owns 4,570 shares of the company’s stock valued at $54,000 after acquiring an additional 1,482 shares during the period.

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.