Wedbush Issues Positive Forecast for Strawberry Fields REIT (NASDAQ:STRW) Stock Price

Strawberry Fields REIT (NASDAQ:STRW) had its target price raised by Wedbush from $12.00 to $14.00 in a report released on Wednesday morning,Benzinga reports. They currently have an outperform rating on the stock.

Separately, Compass Point set a $14.00 price objective on shares of Strawberry Fields REIT in a report on Wednesday, January 15th.

Strawberry Fields REIT Stock Down 4.1 %

Shares of STRW stock opened at $11.54 on Wednesday. The company has a market capitalization of $86.33 million, a P/E ratio of 22.63, a price-to-earnings-growth ratio of 1.16 and a beta of 0.52. Strawberry Fields REIT has a fifty-two week low of $6.56 and a fifty-two week high of $12.90.

Strawberry Fields REIT Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 4.85%. The ex-dividend date of this dividend is Monday, March 17th. Strawberry Fields REIT’s dividend payout ratio (DPR) is presently 98.25%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wells Fargo & Company MN grew its holdings in Strawberry Fields REIT by 39.6% during the 4th quarter. Wells Fargo & Company MN now owns 3,902 shares of the company’s stock worth $41,000 after acquiring an additional 1,107 shares in the last quarter. Bank of America Corp DE grew its holdings in Strawberry Fields REIT by 52.9% during the 4th quarter. Bank of America Corp DE now owns 4,725 shares of the company’s stock worth $50,000 after acquiring an additional 1,634 shares in the last quarter. BNP Paribas Financial Markets acquired a new position in Strawberry Fields REIT during the 4th quarter worth approximately $84,000. Pentwater Capital Management LP acquired a new position in Strawberry Fields REIT during the 4th quarter worth approximately $105,000. Finally, Bank of New York Mellon Corp acquired a new position in Strawberry Fields REIT during the 4th quarter worth approximately $109,000.

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.