Ameriprise Financial Inc. Purchases 26,421 Shares of Strawberry Fields REIT, Inc. (NASDAQ:STRW)

Ameriprise Financial Inc. increased its stake in Strawberry Fields REIT, Inc. (NASDAQ:STRW - Free Report) by 97.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,640 shares of the company's stock after buying an additional 26,421 shares during the period. Ameriprise Financial Inc. owned 0.72% of Strawberry Fields REIT worth $565,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of STRW. Wells Fargo & Company MN increased its stake in shares of Strawberry Fields REIT by 39.6% during the fourth quarter. Wells Fargo & Company MN now owns 3,902 shares of the company's stock valued at $41,000 after purchasing an additional 1,107 shares in the last quarter. Northern Trust Corp increased its stake in shares of Strawberry Fields REIT by 4.8% during the fourth quarter. Northern Trust Corp now owns 40,003 shares of the company's stock valued at $422,000 after purchasing an additional 1,844 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Strawberry Fields REIT by 5.9% during the fourth quarter. Geode Capital Management LLC now owns 104,247 shares of the company's stock valued at $1,099,000 after purchasing an additional 5,802 shares in the last quarter. Pentwater Capital Management LP bought a new position in shares of Strawberry Fields REIT during the fourth quarter valued at approximately $105,000. Finally, Bank of New York Mellon Corp bought a new position in shares of Strawberry Fields REIT during the fourth quarter valued at approximately $109,000.

Insider Activity

In other news, Director Michael Blisko purchased 10,000 shares of the business's stock in a transaction dated Tuesday, April 8th. The shares were purchased at an average price of $9.25 per share, for a total transaction of $92,500.00. Following the completion of the acquisition, the director now directly owns 314,582 shares in the company, valued at $2,909,883.50. This represents a 3.28% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 10.60% of the company's stock.

Strawberry Fields REIT Stock Performance

Shares of NASDAQ:STRW traded up $0.19 during trading on Friday, reaching $10.32. 23,986 shares of the stock traded hands, compared to its average volume of 74,219. The firm's 50-day moving average price is $10.57. Strawberry Fields REIT, Inc. has a 52-week low of $8.70 and a 52-week high of $12.90. The company has a market capitalization of $128.43 million, a PE ratio of 20.24, a P/E/G ratio of 1.16 and a beta of 0.38.

Strawberry Fields REIT Announces Dividend

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 issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 5.43%. The ex-dividend date of this dividend is Monday, June 16th. Strawberry Fields REIT's payout ratio is 96.55%.

Analyst Ratings Changes

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

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.