Strawberry Fields REIT (NYSEAMERICAN:STRW) Shares Down 2.8% – Should You Sell?

Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) shares fell 2.8% on Monday . The stock traded as low as $12.16 and last traded at $12.31. 58,075 shares changed hands during trading, an increase of 268% from the average session volume of 15,793 shares. The stock had previously closed at $12.66.

Strawberry Fields REIT Trading Up 5.4 %

The stock has a market capitalization of $92.90 million, a price-to-earnings ratio of 24.35 and a beta of 0.22.

Strawberry Fields REIT Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 16th will be given a dividend of $0.14 per share. The ex-dividend date is Monday, December 16th. This represents a $0.56 dividend on an annualized basis and a yield of 4.51%. This is a boost from Strawberry Fields REIT’s previous quarterly dividend of $0.13. Strawberry Fields REIT’s payout ratio is presently 101.96%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. State Street Corp increased its position in shares of Strawberry Fields REIT by 4.1% in the third quarter. State Street Corp now owns 45,998 shares of the company’s stock worth $584,000 after acquiring an additional 1,796 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Strawberry Fields REIT by 20.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 16,174 shares of the company’s stock worth $205,000 after acquiring an additional 2,774 shares during the period. Allspring Global Investments Holdings LLC bought a new stake in Strawberry Fields REIT in the 3rd quarter valued at $45,000. Rhumbline Advisers bought a new stake in Strawberry Fields REIT in the 2nd quarter valued at $57,000. Finally, Barclays PLC boosted its stake in shares of Strawberry Fields REIT by 302.3% in the 3rd quarter. Barclays PLC now owns 8,697 shares of the company’s stock valued at $110,000 after purchasing an additional 6,535 shares in the last quarter.

About Strawberry Fields REIT

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.