MYDA Advisors LLC Lowers Stake in Strawberry Fields REIT, Inc. $STRW

Key Points

• MYDA Advisors LLC reduced its holding in Strawberry Fields REIT, Inc. by 45%, owning 65,980 shares worth approximately $786,000 after selling 54,020 shares in Q1.
• Despite the reduction in some positions, several institutional investors, including Alyeska Investment Group L.P. and Barclays PLC, are increasing their stakes in Strawberry Fields REIT.
• The company declared a quarterly dividend of $0.16, a raise from the previous $0.14, indicating a 5.4% yield despite a payout ratio of 106.67%.

MYDA Advisors LLC trimmed its position in Strawberry Fields REIT, Inc. (NASDAQ:STRW - Free Report) by 45.0% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 65,980 shares of the company's stock after selling 54,020 shares during the period. MYDA Advisors LLC owned about 0.54% of Strawberry Fields REIT worth $786,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Worth Venture Partners LLC grew its position in Strawberry Fields REIT by 5.6% in the 1st quarter. Worth Venture Partners LLC now owns 19,000 shares of the company's stock worth $226,000 after purchasing an additional 1,000 shares in the last quarter. Wells Fargo & Company MN grew its position in Strawberry Fields REIT by 39.6% in the 4th quarter. Wells Fargo & Company MN now owns 3,902 shares of the company's stock worth $41,000 after purchasing an additional 1,107 shares in the last quarter. Corebridge Financial Inc. grew its position in Strawberry Fields REIT by 48.0% in the 1st quarter. Corebridge Financial Inc. now owns 4,570 shares of the company's stock worth $54,000 after purchasing an additional 1,482 shares in the last quarter. Bank of America Corp DE grew its position in Strawberry Fields REIT by 52.9% in the 4th quarter. Bank of America Corp DE now owns 4,725 shares of the company's stock worth $50,000 after purchasing an additional 1,634 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in Strawberry Fields REIT by 4.8% in the fourth quarter. Northern Trust Corp now owns 40,003 shares of the company's stock valued at $422,000 after acquiring an additional 1,844 shares during the last quarter.

Strawberry Fields REIT Trading Up 1.1%

Shares of STRW stock traded up $0.13 during trading on Tuesday, reaching $11.79. 13,934 shares of the company's stock traded hands, compared to its average volume of 61,658. The firm's 50-day moving average is $10.70 and its 200 day moving average is $10.93. The company has a market capitalization of $153.19 million, a P/E ratio of 23.12, a PEG ratio of 1.16 and a beta of 0.39. Strawberry Fields REIT, Inc. has a 1 year low of $8.70 and a 1 year high of $12.90.

Strawberry Fields REIT Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be issued a dividend of $0.16 per share. This is a boost from Strawberry Fields REIT's previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $0.64 dividend on an annualized basis and a yield of 5.4%. Strawberry Fields REIT's payout ratio is currently 106.67%.

Analyst Ratings Changes

STRW has been the topic of a number of research analyst reports. Wedbush upgraded shares of Strawberry Fields REIT to a "strong-buy" rating in a research note on Wednesday, July 2nd. Compass Point cut shares of Strawberry Fields REIT from a "buy" rating to a "neutral" rating and dropped their target price for the company from $12.20 to $10.65 in a research note on Wednesday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Strawberry Fields REIT has an average rating of "Buy" and a consensus price target of $11.83.

Insiders Place Their Bets

In other news, Director Jack Levine bought 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 8th. The shares were acquired at an average price of $9.92 per share, with a total value of $99,200.00. Following the acquisition, the director owned 130,000 shares of the company's stock, valued at approximately $1,289,600. The trade was a 8.33% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Over the last 90 days, insiders have purchased 12,904 shares of company stock worth $129,561. Corporate insiders own 10.60% of the company's stock.

Strawberry Fields REIT 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.