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

Alyeska Investment Group L.P. bought a new stake in Strawberry Fields REIT, Inc. (NASDAQ:STRW - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 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 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Wells Fargo & Company MN lifted its stake in shares of Strawberry Fields REIT by 39.6% in the fourth quarter. Wells Fargo & Company MN now owns 3,902 shares of the company's stock worth $41,000 after acquiring an additional 1,107 shares in the last quarter. Pentwater Capital Management LP bought a new position in Strawberry Fields REIT during the 4th quarter valued at $105,000. Bank of New York Mellon Corp acquired a new position in Strawberry Fields REIT during the 4th quarter worth $109,000. HGI Capital Management LLC bought a new stake in shares of Strawberry Fields REIT in the 4th quarter worth about $163,000. Finally, JPMorgan Chase & Co. raised its stake in shares of Strawberry Fields REIT by 143.5% in the 4th quarter. JPMorgan Chase & Co. now owns 23,305 shares of the company's stock valued at $246,000 after purchasing an additional 13,733 shares in the last quarter.

Strawberry Fields REIT Price Performance

STRW stock traded up $0.15 during midday trading on Friday, reaching $10.15. The company had a trading volume of 29,936 shares, compared to its average volume of 80,452. The stock has a market cap of $124.38 million, a price-to-earnings ratio of 19.90, a PEG ratio of 1.16 and a beta of 0.47. The stock's 50 day moving average price is $11.30. Strawberry Fields REIT, Inc. has a fifty-two week low of $8.70 and a fifty-two week high of $12.90.

Strawberry Fields REIT Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $0.56 annualized dividend and a dividend yield of 5.52%. Strawberry Fields REIT's dividend payout ratio is currently 96.55%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Wedbush increased 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 target price on shares of Strawberry Fields REIT in a research note on Wednesday, January 15th.

Insider Buying and Selling

In other Strawberry Fields REIT news, Director Michael Blisko purchased 10,000 shares of the business's stock in a transaction dated Tuesday, April 8th. The shares were bought at an average price of $9.25 per share, with a total value of $92,500.00. Following the completion of the acquisition, the director now owns 314,582 shares in the company, valued at approximately $2,909,883.50. This represents a 3.28 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 10.60% of the company's stock.

About Strawberry Fields REIT

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.