Lake Street Capital Begins Coverage on Strawberry Fields REIT (NYSEAMERICAN:STRW)

Lake Street Capital started coverage on shares of Strawberry Fields REIT (NYSEAMERICAN:STRW) in a report released on Wednesday, Marketbeat.com reports. The brokerage set a “buy” rating and a $13.50 price target on the stock. Lake Street Capital’s price target suggests a potential upside of 22.06% from the stock’s previous close.

Other research analysts also recently issued reports about the company. Wedbush started coverage on Strawberry Fields REIT in a research note on Monday. They issued an “outperform” rating and a $12.00 price objective for the company. Janney Montgomery Scott began coverage on shares of Strawberry Fields REIT in a research note on Wednesday, December 18th. They issued a “buy” rating and a $12.50 price target on the stock.

Strawberry Fields REIT Stock Performance

Shares of Strawberry Fields REIT stock opened at $11.06 on Wednesday. Strawberry Fields REIT has a twelve month low of $6.56 and a twelve month high of $12.90. The stock has a market capitalization of $82.73 million, a P/E ratio of 21.69 and a beta of 0.22.

Insider Activity at Strawberry Fields REIT

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of STRW. Duncan Williams Asset Management LLC purchased a new stake in shares of Strawberry Fields REIT during the third quarter worth $192,000. Geode Capital Management LLC grew 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 purchasing an additional 12,129 shares in the last quarter. Barclays PLC increased its holdings in Strawberry Fields REIT by 302.3% during the 3rd quarter. Barclays PLC now owns 8,697 shares of the company’s stock worth $110,000 after purchasing an additional 6,535 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Strawberry Fields REIT by 186.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 9,572 shares of the company’s stock valued at $121,000 after buying an additional 6,233 shares during the period. Finally, Rhumbline Advisers acquired a new position in shares of Strawberry Fields REIT during the second quarter worth about $57,000.

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.