Alyeska Investment Group L.P. Cuts Stake in Strawberry Fields REIT, Inc. $STRW

Key Points

• Alyeska Investment Group L.P. has reduced its stake in Strawberry Fields REIT by 55.4%, now holding approximately 3.76% of the company worth $5.58 million.
• Strawberry Fields REIT has announced an increase in its quarterly dividend, raising it from $0.14 to $0.16 per share, representing a 5.4% dividend yield.
• Director Jack Levine purchased 10,000 shares at $9.92 per share, boosting his total ownership to 130,000 shares valued at around $1.29 million.

Alyeska Investment Group L.P. reduced its position in Strawberry Fields REIT, Inc. (NASDAQ:STRW - Free Report) by 55.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 468,258 shares of the company's stock after selling 581,742 shares during the quarter. Alyeska Investment Group L.P. owned 3.76% of Strawberry Fields REIT worth $5,577,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CWM LLC raised its position in Strawberry Fields REIT by 36,616.7% in the 1st quarter. CWM LLC now owns 2,203 shares of the company's stock worth $26,000 after purchasing an additional 2,197 shares during the period. GAMMA Investing LLC increased its position in shares of Strawberry Fields REIT by 2,191.7% during the first quarter. GAMMA Investing LLC now owns 3,025 shares of the company's stock worth $36,000 after acquiring an additional 2,893 shares during the period. Wells Fargo & Company MN increased its position 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 worth $41,000 after acquiring an additional 1,107 shares during the period. Bank of America Corp DE increased its position in shares of 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 worth $50,000 after acquiring an additional 1,634 shares during the period. Finally, Corebridge Financial Inc. increased its position in shares of Strawberry Fields REIT by 48.0% during the first quarter. Corebridge Financial Inc. now owns 4,570 shares of the company's stock worth $54,000 after acquiring an additional 1,482 shares during the period.

Strawberry Fields REIT Stock Down 3.8%

STRW stock traded down $0.45 during trading on Monday, hitting $11.41. 35,755 shares of the company's stock traded hands, compared to its average volume of 61,033. The firm has a market capitalization of $148.25 million, a P/E ratio of 22.37, a PEG ratio of 1.16 and a beta of 0.39. The business has a fifty day simple moving average of $10.81 and a two-hundred day simple moving average of $10.94. 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 firm also recently disclosed 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. The ex-dividend date of this dividend is Tuesday, September 16th. This is a positive change from Strawberry Fields REIT's previous quarterly dividend of $0.14. This represents a $0.64 annualized dividend and a yield of 5.6%. Strawberry Fields REIT's dividend payout ratio is 106.67%.

Insider Transactions at Strawberry Fields REIT

In other Strawberry Fields REIT news, Director Jack Levine acquired 10,000 shares of the business's stock in a transaction that occurred on Tuesday, July 8th. The shares were bought at an average cost of $9.92 per share, with a total value of $99,200.00. Following the completion of the acquisition, the director directly owned 130,000 shares in the company, valued at $1,289,600. This represents a 8.33% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have purchased 11,600 shares of company stock worth $116,156 over the last 90 days. Company insiders own 10.60% of the company's stock.

Analyst Upgrades and Downgrades

STRW has been the topic of a number of research reports. Wedbush raised shares of Strawberry Fields REIT to a "strong-buy" rating in a research report on Wednesday, July 2nd. Compass Point lowered shares of Strawberry Fields REIT from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $12.20 to $10.65 in a research report on Wednesday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Strawberry Fields REIT currently has an average rating of "Buy" and an average price target 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.