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

Millennium Management LLC acquired a new stake in Strawberry Fields REIT, Inc. (NASDAQ:STRW - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 41,971 shares of the company's stock, valued at approximately $442,000. Millennium Management LLC owned about 0.56% of Strawberry Fields REIT at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Wells Fargo & Company MN grew its stake in shares of Strawberry Fields REIT by 39.6% during the 4th quarter. Wells Fargo & Company MN now owns 3,902 shares of the company's stock valued at $41,000 after buying an additional 1,107 shares during the period. Bank of America Corp DE boosted its holdings in Strawberry Fields REIT by 52.9% in 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 during the last quarter. BNP Paribas Financial Markets purchased a new position in shares of Strawberry Fields REIT during the 4th quarter valued at approximately $84,000. Pentwater Capital Management LP acquired a new position in Strawberry Fields REIT during the 4th quarter worth $105,000. Finally, Bank of New York Mellon Corp bought a new stake in Strawberry Fields REIT in the fourth quarter valued at about $109,000.

Insider Buying and Selling at Strawberry Fields REIT

In related news, Director Michael Blisko acquired 10,000 shares of Strawberry Fields REIT stock in a transaction that occurred on Tuesday, April 8th. The stock was acquired 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 directly owns 314,582 shares of the company's stock, valued at $2,909,883.50. This trade represents a 3.28% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 10.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

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

Strawberry Fields REIT Trading Down 1.7%

Shares of Strawberry Fields REIT stock traded down $0.18 during trading on Friday, hitting $10.57. 40,441 shares of the stock were exchanged, compared to its average volume of 72,408. The company has a fifty day moving average of $10.51. The stock has a market cap of $131.54 million, a PE ratio of 20.73, a PEG 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 firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 5.30%. The ex-dividend date is Monday, June 16th. Strawberry Fields REIT's dividend payout ratio is currently 96.55%.

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.