Short Interest in Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) Rises By 56.8%

Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) was the recipient of a significant growth in short interest during the month of September. As of September 15th, there was short interest totalling 137,400 shares, a growth of 56.8% from the August 31st total of 87,600 shares. Currently, 4.2% of the company’s stock are sold short. Based on an average daily trading volume, of 32,100 shares, the days-to-cover ratio is currently 4.3 days.

Strawberry Fields REIT Trading Up 1.1 %

NYSEAMERICAN:STRW opened at $11.75 on Friday. The firm has a market capitalization of $80.84 million, a P/E ratio of 1.38 and a beta of 0.25. Strawberry Fields REIT has a 1 year low of $5.93 and a 1 year high of $12.84.

Strawberry Fields REIT Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Monday, September 16th. This represents a $0.52 annualized dividend and a yield of 4.43%. Strawberry Fields REIT’s payout ratio is 120.93%.

Insiders Place Their Bets

In related news, CEO Moishe Gubin acquired 9,529 shares of the business’s stock in a transaction that occurred on Monday, July 22nd. The shares were acquired at an average cost of $9.95 per share, with a total value of $94,813.55. Following the purchase, the chief executive officer now owns 450,111 shares of the company’s stock, valued at $4,478,604.45. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 10.60% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Strawberry Fields REIT stock. Rhumbline Advisers acquired a new stake in shares of Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 4,981 shares of the company’s stock, valued at approximately $57,000. Rhumbline Advisers owned 0.08% of Strawberry Fields REIT at the end of the most recent quarter.

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.