Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) Short Interest Down 33.8% in January

Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) saw a significant decrease in short interest during the month of January. As of January 31st, there was short interest totalling 76,600 shares, a decrease of 33.8% from the January 15th total of 115,700 shares. Based on an average daily volume of 121,600 shares, the short-interest ratio is presently 0.6 days. Approximately 1.1% of the shares of the stock are short sold.

Strawberry Fields REIT Stock Down 3.1 %

Shares of STRW stock opened at $11.42 on Friday. Strawberry Fields REIT has a 52 week low of $6.56 and a 52 week high of $12.90. The firm has a market capitalization of $85.42 million, a P/E ratio of 22.50, a price-to-earnings-growth ratio of 1.10 and a beta of 0.51.

Insider Buying and Selling

In other news, Director Jack Levine bought 5,000 shares of the business’s stock in a transaction on Thursday, December 5th. The stock was acquired at an average price of $10.00 per share, with a total value of $50,000.00. Following the completion of the purchase, the director now directly owns 108,927 shares in the company, valued at $1,089,270. This represents a 4.81 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder Alyeska Investment Group, L.P. sold 200,000 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $10.25, for a total value of $2,050,000.00. Following the completion of the sale, the insider now directly owns 1,050,000 shares of the company’s stock, valued at approximately $10,762,500. This represents a 16.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have purchased 154,547 shares of company stock worth $1,586,276. Insiders own 10.60% of the company’s stock.

Institutional Trading of Strawberry Fields REIT

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC bought a new position in Strawberry Fields REIT in the third quarter worth $45,000. Barclays PLC raised its holdings in Strawberry Fields REIT by 302.3% in the third quarter. Barclays PLC now owns 8,697 shares of the company’s stock worth $110,000 after purchasing an additional 6,535 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Strawberry Fields REIT by 186.7% in the third quarter. JPMorgan Chase & Co. now owns 9,572 shares of the company’s stock worth $121,000 after purchasing an additional 6,233 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Strawberry Fields REIT by 20.7% in 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 in the last quarter. Finally, State Street Corp raised its holdings in 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 purchasing an additional 1,796 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on 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 objective for the company. Wedbush assumed coverage on Strawberry Fields REIT in a research note on Monday, January 6th. They set an “outperform” rating and a $12.00 price objective for the company. Compass Point assumed coverage on Strawberry Fields REIT in a research note on Thursday, January 16th. They set a “buy” rating and a $14.00 price objective for the company. Finally, Janney Montgomery Scott assumed coverage on Strawberry Fields REIT in a research note on Wednesday, December 18th. They set a “buy” rating and a $12.50 price objective for the company.

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.