41,971 Shares in Strawberry Fields REIT, Inc. (NASDAQ:STRW) Bought by Millennium Management LLC

Millennium Management LLC 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 and Exchange Commission (SEC). The firm purchased 41,971 shares of the company's stock, valued at approximately $442,000. Millennium Management LLC owned 0.56% of Strawberry Fields REIT at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. FJ Capital Management LLC purchased a new stake in shares of Strawberry Fields REIT in the 4th quarter worth $2,031,000. Bank of America Corp DE lifted its position in Strawberry Fields REIT by 52.9% during the fourth quarter. Bank of America Corp DE now owns 4,725 shares of the company's stock valued at $50,000 after purchasing an additional 1,634 shares in the last quarter. BNP Paribas Financial Markets bought a new stake in Strawberry Fields REIT during the fourth quarter valued at about $84,000. Ameriprise Financial Inc. increased its position in Strawberry Fields REIT by 97.1% in the fourth quarter. Ameriprise Financial Inc. now owns 53,640 shares of the company's stock worth $565,000 after buying an additional 26,421 shares in the last quarter. Finally, Alyeska Investment Group L.P. purchased a new stake in Strawberry Fields REIT in the fourth quarter worth about $11,067,000.

Strawberry Fields REIT Stock Performance

Shares of STRW traded up $0.57 during mid-day trading on Tuesday, reaching $10.78. The stock had a trading volume of 41,606 shares, compared to its average volume of 73,606. The business's fifty day moving average price is $10.54. The firm has a market capitalization of $134.16 million, a price-to-earnings ratio of 21.14, a price-to-earnings-growth ratio of 1.16 and a beta of 0.38. Strawberry Fields REIT, Inc. has a 12 month low of $8.70 and a 12 month high of $12.90.

Strawberry Fields REIT Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 5.19%. The ex-dividend date is Monday, June 16th. Strawberry Fields REIT's dividend payout ratio is currently 96.55%.

Insiders Place Their Bets

In other Strawberry Fields REIT news, Director Michael Blisko acquired 10,000 shares of the stock in a transaction dated Tuesday, April 8th. The shares were acquired at an average cost of $9.25 per share, for a total transaction of $92,500.00. Following the completion of the transaction, the director now directly owns 314,582 shares of the company's stock, valued at approximately $2,909,883.50. The trade was a 3.28% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 10.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Separately, Wedbush reiterated an "outperform" rating and set a $13.00 price objective (down from $14.00) on shares of Strawberry Fields REIT in a research note on Monday, May 12th.

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.