Insider Buying: Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) Director Buys 9,600 Shares of Stock

Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) Director Michael Blisko bought 9,600 shares of the stock in a transaction on Thursday, December 12th. The shares were acquired at an average cost of $10.35 per share, with a total value of $99,360.00. Following the purchase, the director now owns 214,880 shares of the company’s stock, valued at approximately $2,224,008. This represents a 4.68 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Strawberry Fields REIT Price Performance

Shares of NYSEAMERICAN STRW opened at $10.37 on Friday. The stock has a market cap of $77.57 million, a price-to-earnings ratio of 1.18 and a beta of 0.22. Strawberry Fields REIT, Inc. has a 12 month low of $6.56 and a 12 month high of $12.90.

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 paid a dividend of $0.14 per share. This is an increase from Strawberry Fields REIT’s previous quarterly dividend of $0.13. The ex-dividend date is Monday, December 16th. This represents a $0.56 annualized dividend and a yield of 5.40%. Strawberry Fields REIT’s payout ratio is presently 101.96%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Rhumbline Advisers bought a new stake in shares of Strawberry Fields REIT during the second quarter worth about $57,000. Duncan Williams Asset Management LLC bought a new stake in shares of Strawberry Fields REIT during the third quarter worth about $192,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Strawberry Fields REIT during the third quarter worth about $45,000. Charles Schwab Investment Management Inc. grew its holdings 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 worth $205,000 after purchasing an additional 2,774 shares during the last quarter. Finally, State Street Corp grew its holdings in shares of Strawberry Fields REIT by 4.1% during the third quarter. State Street Corp now owns 45,998 shares of the company’s stock worth $584,000 after purchasing an additional 1,796 shares during the last quarter.

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.