Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) Short Interest Update

Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) was the recipient of a large decrease in short interest in the month of December. As of December 15th, there was short interest totalling 49,400 shares, a decrease of 62.1% from the November 30th total of 130,200 shares. Approximately 1.0% of the shares of the company are short sold. Based on an average trading volume of 93,400 shares, the short-interest ratio is presently 0.5 days.

Insider Activity

In other Strawberry Fields REIT news, CEO Moishe Gubin bought 17,600 shares of Strawberry Fields REIT stock in a transaction dated Tuesday, December 3rd. The stock was purchased at an average price of $11.99 per share, for a total transaction of $211,024.00. Following the completion of the purchase, the chief executive officer now directly owns 467,700 shares of the company’s stock, valued at approximately $5,607,723. This trade represents a 3.91 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Alyeska Investment Group, L.P. sold 200,000 shares of the business’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $10.25, for a total transaction of $2,050,000.00. Following the sale, the insider now directly owns 1,050,000 shares in the company, valued at $10,762,500. The trade was a 16.00 % decrease in their position. The disclosure for this sale can be found here. Insiders purchased 154,547 shares of company stock valued at $1,586,276 in the last three months. Company insiders own 10.60% of the company’s stock.

Institutional Investors Weigh In On Strawberry Fields REIT

Several institutional investors have recently modified their holdings of STRW. Rhumbline Advisers bought a new stake in shares of Strawberry Fields REIT during the second quarter worth $57,000. Duncan Williams Asset Management LLC bought a new position in Strawberry Fields REIT in the 3rd quarter worth about $192,000. Allspring Global Investments Holdings LLC bought a new position in Strawberry Fields REIT in the 3rd quarter worth about $45,000. Charles Schwab Investment Management Inc. raised its stake in shares of 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 valued at $205,000 after acquiring an additional 2,774 shares in the last quarter. Finally, State Street Corp boosted its holdings 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 valued at $584,000 after purchasing an additional 1,796 shares during the period.

Wall Street Analysts Forecast Growth

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

Strawberry Fields REIT Trading Down 2.7 %

STRW stock traded down $0.29 during midday trading on Thursday, reaching $10.33. 10,872 shares of the company’s stock traded hands, compared to its average volume of 35,922. The stock has a market cap of $77.27 million, a P/E ratio of 20.26 and a beta of 0.22. Strawberry Fields REIT has a 52-week low of $6.56 and a 52-week high of $12.90.

Strawberry Fields REIT Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 16th will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 5.42%. The ex-dividend date of this dividend is Monday, December 16th. This is a boost from Strawberry Fields REIT’s previous quarterly dividend of $0.13. Strawberry Fields REIT’s payout ratio is currently 101.96%.

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.