Strawberry Fields REIT (NYSEAMERICAN:STRW) Earns Buy Rating from Analysts at Janney Montgomery Scott

Stock analysts at Janney Montgomery Scott began coverage on shares of Strawberry Fields REIT (NYSEAMERICAN:STRW) in a note issued to investors on Wednesday,Briefing.com Automated Import reports. The firm set a “buy” rating and a $12.50 price target on the stock. Janney Montgomery Scott’s target price indicates a potential upside of 20.77% from the stock’s current price.

Strawberry Fields REIT Price Performance

Shares of STRW opened at $10.35 on Wednesday. The stock has a market cap of $77.42 million, a price-to-earnings ratio of 20.29 and a beta of 0.22. Strawberry Fields REIT has a 12 month low of $6.56 and a 12 month high of $12.90.

Insider Buying and Selling

In other news, Director Jack Levine acquired 5,000 shares of the stock in a transaction that occurred on Thursday, December 5th. The stock was purchased at an average cost of $10.00 per share, for a total transaction of $50,000.00. Following the completion of the transaction, the director now directly owns 108,927 shares in the company, valued at $1,089,270. This trade represents a 4.81 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Moishe Gubin bought 17,600 shares of the business’s stock in a transaction on Tuesday, December 3rd. The shares were acquired at an average price of $11.99 per share, for a total transaction of $211,024.00. Following the completion of the transaction, the chief executive officer now owns 467,700 shares in the company, valued at approximately $5,607,723. This trade represents a 3.91 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 144,547 shares of company stock worth $1,483,854 in the last 90 days. Corporate insiders own 10.60% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC boosted its stake in Strawberry Fields REIT by 14.1% during the 3rd quarter. Geode Capital Management LLC now owns 98,445 shares of the company’s stock worth $1,249,000 after acquiring an additional 12,129 shares during the last quarter. 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 during the period. 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 during the period. Duncan Williams Asset Management LLC bought a new position in shares of Strawberry Fields REIT during the third quarter worth $192,000. Finally, Barclays PLC grew its holdings in shares of Strawberry Fields REIT by 302.3% in the 3rd quarter. Barclays PLC now owns 8,697 shares of the company’s stock valued at $110,000 after buying an additional 6,535 shares during the period.

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.