JPMorgan Chase & Co. boosted its stake in Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW – Free Report) by 186.7% in the third quarter, HoldingsChannel reports. The firm owned 9,572 shares of the company’s stock after acquiring an additional 6,233 shares during the period. JPMorgan Chase & Co.’s holdings in Strawberry Fields REIT were worth $121,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of STRW. Allspring Global Investments Holdings LLC bought a new position in Strawberry Fields REIT during the 3rd quarter worth approximately $45,000. Barclays PLC boosted its position in shares of Strawberry Fields REIT by 302.3% during 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. Charles Schwab Investment Management Inc. grew its stake 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 purchasing an additional 2,774 shares during the period. State Street Corp grew its position in shares of Strawberry Fields REIT by 4.1% during the 3rd quarter. State Street Corp now owns 45,998 shares of the company’s stock worth $584,000 after buying an additional 1,796 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Strawberry Fields REIT by 14.1% in the 3rd quarter. Geode Capital Management LLC now owns 98,445 shares of the company’s stock valued at $1,249,000 after acquiring an additional 12,129 shares in the last quarter.
Strawberry Fields REIT Stock Performance
NYSEAMERICAN:STRW opened at $11.20 on Monday. The firm has a market cap of $83.78 million, a P/E ratio of 21.96, a P/E/G ratio of 1.10 and a beta of 0.51. Strawberry Fields REIT, Inc. has a fifty-two week low of $6.56 and a fifty-two week high of $12.90.
Strawberry Fields REIT Increases Dividend
Wall Street Analysts Forecast Growth
A number of research analysts recently weighed in on STRW shares. Janney Montgomery Scott began coverage on shares of Strawberry Fields REIT in a research report on Wednesday, December 18th. They set a “buy” rating and a $12.50 price target on the stock. Lake Street Capital initiated coverage on Strawberry Fields REIT in a research note on Wednesday, January 8th. They set a “buy” rating and a $13.50 target price on the stock. Wedbush began coverage on shares of Strawberry Fields REIT in a research report on Monday, January 6th. They issued an “outperform” rating and a $12.00 price objective on the stock. Finally, Compass Point began coverage on shares of Strawberry Fields REIT in a research report on Thursday, January 16th. They set a “buy” rating and a $14.00 target price for the company.
Read Our Latest Research Report on Strawberry Fields REIT
Insiders Place Their Bets
In other news, major shareholder Alyeska Investment Group, L.P. sold 200,000 shares of the stock in a transaction dated 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 transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jack Levine acquired 5,000 shares of the company’s stock in a transaction dated Thursday, December 5th. The stock was acquired at an average cost of $10.00 per share, for a total transaction of $50,000.00. Following the completion of the acquisition, the director now directly owns 108,927 shares in the company, valued at approximately $1,089,270. The trade was a 4.81 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 154,547 shares of company stock worth $1,586,276. 10.60% of the stock is currently owned by company insiders.
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.
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