MYDA Advisors LLC Lowers Stock Position 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 lowered its position in Strawberry Fields REIT, Inc. (NASDAQ:STRW - Free Report) by 45.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm 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 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Alyeska Investment Group L.P. acquired a new position in Strawberry Fields REIT in the 4th quarter worth about $11,067,000. FJ Capital Management LLC purchased a new position in shares of Strawberry Fields REIT during the 4th quarter valued at approximately $2,031,000. Segall Bryant & Hamill LLC acquired a new position in Strawberry Fields REIT during the first quarter worth $1,264,000. Barclays PLC lifted its holdings in Strawberry Fields REIT by 637.2% during the fourth quarter. Barclays PLC now owns 64,112 shares of the company's stock valued at $676,000 after purchasing an additional 55,415 shares in the last quarter. Finally, Millennium Management LLC acquired a new stake in shares of Strawberry Fields REIT in the fourth quarter valued at about $442,000.

Insider Buying and Selling

In related news, Director Jack Levine bought 10,000 shares of the company's stock in a transaction dated 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 completion of the acquisition, the director owned 130,000 shares in the company, valued at approximately $1,289,600. This trade represents a 8.33% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders purchased 12,904 shares of company stock worth $129,561. 18.80% of the stock is owned by corporate insiders.

Strawberry Fields REIT Trading Up 0.5%

STRW stock opened at $11.93 on Thursday. Strawberry Fields REIT, Inc. has a twelve month low of $8.70 and a twelve month high of $12.90. The stock has a market cap of $155.01 million, a P/E ratio of 23.39, a PEG ratio of 1.16 and a beta of 0.39. The company's 50 day moving average is $10.66 and its two-hundred day moving average is $10.94.

Strawberry Fields REIT Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be given a $0.16 dividend. This is a boost from Strawberry Fields REIT's previous quarterly dividend of $0.14. The ex-dividend date is Tuesday, September 16th. This represents a $0.64 annualized dividend and a yield of 5.4%. Strawberry Fields REIT's payout ratio is presently 106.67%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on STRW shares. Compass Point downgraded shares of Strawberry Fields REIT from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $12.20 to $10.65 in a research note on Wednesday, July 2nd. Wedbush raised shares of Strawberry Fields REIT to a "strong-buy" rating in a research report on Wednesday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $11.83.

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.

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