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

A number of other institutional investors and hedge funds have also made changes to their positions in the business. FJ Capital Management LLC bought a new stake in shares of Strawberry Fields REIT in the 4th quarter worth about $2,031,000. Segall Bryant & Hamill LLC purchased a new position in Strawberry Fields REIT in the first quarter worth about $1,264,000. Millennium Management LLC bought a new stake in Strawberry Fields REIT during the fourth quarter worth approximately $442,000. Ameriprise Financial Inc. raised its position in Strawberry Fields REIT by 97.1% during the fourth quarter. Ameriprise Financial Inc. now owns 53,640 shares of the company's stock valued at $565,000 after purchasing an additional 26,421 shares during the period. Finally, Cambridge Investment Research Advisors Inc. bought a new stake in shares of Strawberry Fields REIT in the 1st quarter valued at approximately $237,000.

Strawberry Fields REIT Trading Up 3.4%

Shares of STRW traded up $0.39 during trading hours on Thursday, reaching $11.97. 18,625 shares of the company traded hands, compared to its average volume of 60,266. The stock's fifty day moving average price is $10.89 and its 200 day moving average price is $10.95. The firm has a market cap of $155.53 million, a price-to-earnings ratio of 23.47, a PEG ratio of 1.16 and a beta of 0.39. Strawberry Fields REIT, Inc. has a 12-month low of $8.70 and a 12-month high of $12.90.

Strawberry Fields REIT Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be given a $0.16 dividend. This is a positive change 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 annualized dividend and a yield of 5.3%. Strawberry Fields REIT's dividend payout ratio is presently 106.67%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on STRW. Wedbush raised 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 dropped their price objective for the stock from $12.20 to $10.65 in a research note on Wednesday, July 2nd. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Buy" and an average target price of $11.83.

Insider Buying and Selling

In related news, Director Jack Levine bought 10,000 shares of Strawberry Fields REIT stock in a transaction dated Tuesday, July 8th. The shares were acquired at an average cost of $9.92 per share, with a total value of $99,200.00. Following the completion of the transaction, the director owned 130,000 shares in the company, valued at $1,289,600. The trade was a 8.33% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 10.60% of the stock is owned by corporate insiders.

About Strawberry Fields REIT

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.