Strawberry Fields REIT (NYSEAMERICAN:STRW) Stock Price Down 2.8% – Time to Sell?

Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) dropped 2.8% during trading on Monday . The company traded as low as $12.16 and last traded at $12.31. Approximately 58,075 shares changed hands during mid-day trading, an increase of 268% from the average daily volume of 15,793 shares. The stock had previously closed at $12.66.

Strawberry Fields REIT Stock Performance

The company has a market capitalization of $92.04 million, a P/E ratio of 24.13 and a beta of 0.28.

Strawberry Fields REIT Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 16th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Monday, December 16th. This is a positive change from Strawberry Fields REIT’s previous quarterly dividend of $0.13. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.55%. Strawberry Fields REIT’s dividend payout ratio (DPR) is 101.96%.

Institutional Investors Weigh In On Strawberry Fields REIT

A number of institutional investors and hedge funds have recently bought and sold shares of STRW. Rhumbline Advisers bought a new stake in shares of Strawberry Fields REIT in the 2nd quarter valued at about $57,000. Allspring Global Investments Holdings LLC purchased a new position in Strawberry Fields REIT during the third quarter valued at approximately $45,000. Duncan Williams Asset Management LLC purchased a new position in Strawberry Fields REIT during the third quarter valued at approximately $192,000. Barclays PLC raised its stake in Strawberry Fields REIT by 302.3% in the third quarter. Barclays PLC now owns 8,697 shares of the company’s stock worth $110,000 after buying an additional 6,535 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Strawberry Fields REIT by 14.1% during the third quarter. Geode Capital Management LLC now owns 98,445 shares of the company’s stock worth $1,249,000 after buying an additional 12,129 shares during the period.

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.