State Street Corp Has $584,000 Position in Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW)

State Street Corp increased its position in shares of Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) by 4.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 45,998 shares of the company’s stock after acquiring an additional 1,796 shares during the period. State Street Corp’s holdings in Strawberry Fields REIT were worth $584,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC bought a new position in Strawberry Fields REIT in the third quarter valued at about $45,000. Rhumbline Advisers bought a new stake in shares of Strawberry Fields REIT during the 2nd quarter valued at approximately $57,000. Duncan Williams Asset Management LLC acquired a new position in Strawberry Fields REIT during the 3rd quarter worth approximately $192,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in Strawberry Fields REIT by 20.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 16,174 shares of the company’s stock valued at $205,000 after purchasing an additional 2,774 shares during the last quarter.

Insider Buying and Selling at Strawberry Fields REIT

In related news, CEO Moishe Gubin acquired 17,600 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were bought at an average cost of $11.99 per share, with a total value of $211,024.00. Following the completion of the purchase, the chief executive officer now directly owns 467,700 shares in the company, valued at $5,607,723. The trade was a 3.91 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, Director Jack Levine bought 5,000 shares of the firm’s stock in a transaction on Thursday, December 5th. The shares were purchased at an average cost of $10.00 per share, with a total value of $50,000.00. Following the transaction, the director now directly owns 108,927 shares in the company, valued at approximately $1,089,270. This trade represents a 4.81 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 154,547 shares of company stock worth $1,586,276. 10.60% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, Janney Montgomery Scott started coverage on shares of Strawberry Fields REIT in a research note on Wednesday, December 18th. They set a “buy” rating and a $12.50 target price on the stock.

Strawberry Fields REIT Trading Up 4.0 %

NYSEAMERICAN:STRW opened at $10.71 on Friday. The stock has a market cap of $80.11 million, a PE ratio of 21.00 and a beta of 0.22. Strawberry Fields REIT, Inc. has a 1-year low of $6.56 and a 1-year high of $12.90.

Strawberry Fields REIT Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 16th were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 5.23%. The ex-dividend date of this dividend was Monday, December 16th. This is a positive change from Strawberry Fields REIT’s previous quarterly dividend of $0.13. Strawberry Fields REIT’s dividend payout ratio (DPR) is 101.96%.

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.