Alyeska Investment Group L.P. Buys Shares of 1,050,000 Strawberry Fields REIT, Inc. (NASDAQ:STRW)

Alyeska Investment Group L.P. purchased a new position in Strawberry Fields REIT, Inc. (NASDAQ:STRW - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 1,050,000 shares of the company's stock, valued at approximately $11,067,000. Alyeska Investment Group L.P. owned approximately 14.04% of Strawberry Fields REIT at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Keeley Teton Advisors LLC acquired a new position in shares of Strawberry Fields REIT in the 4th quarter worth approximately $1,651,000. State of New Jersey Common Pension Fund D acquired a new position in Strawberry Fields REIT in the fourth quarter worth approximately $1,354,000. MYDA Advisors LLC bought a new position in shares of Strawberry Fields REIT in the fourth quarter valued at $1,265,000. Geode Capital Management LLC increased its holdings in shares of Strawberry Fields REIT by 5.9% in the fourth quarter. Geode Capital Management LLC now owns 104,247 shares of the company's stock valued at $1,099,000 after buying an additional 5,802 shares in the last quarter. Finally, White Pine Capital LLC acquired a new stake in shares of Strawberry Fields REIT during the 4th quarter valued at $748,000.

Insider Activity

In other Strawberry Fields REIT news, Director Michael Blisko purchased 10,000 shares of the company's stock in a transaction that occurred on Tuesday, April 8th. The shares were purchased at an average cost of $9.25 per share, with a total value of $92,500.00. Following the completion of the transaction, the director now owns 314,582 shares of the company's stock, valued at approximately $2,909,883.50. This represents a 3.28 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 10.60% of the company's stock.

Analyst Upgrades and Downgrades

STRW has been the topic of a number of recent research reports. Wedbush lifted their target price on Strawberry Fields REIT from $12.00 to $14.00 and gave the stock an "outperform" rating in a report on Wednesday, March 5th. Compass Point set a $14.00 price target on Strawberry Fields REIT in a research note on Wednesday, January 15th.

Strawberry Fields REIT Price Performance

Shares of STRW stock traded up $0.15 during trading hours on Friday, reaching $10.15. 29,936 shares of the stock traded hands, compared to its average volume of 80,452. The firm has a fifty day moving average of $11.30. Strawberry Fields REIT, Inc. has a 1-year low of $8.70 and a 1-year high of $12.90. The firm has a market capitalization of $124.38 million, a price-to-earnings ratio of 19.90, a PEG ratio of 1.16 and a beta of 0.47.

Strawberry Fields REIT Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 5.52%. The ex-dividend date is Monday, June 16th. Strawberry Fields REIT's dividend payout ratio (DPR) is currently 98.25%.

Strawberry Fields REIT Company Profile

Strawberry Fields REIT, Inc engages in the ownership, acquisition, development, and leasing of skilled nursing and certain other healthcare-related properties. The company was founded by Moishe Gubin in 2014 and is headquartered in South Bend, IN.