192,737 Shares in Strawberry Fields REIT, Inc. (NASDAQ:STRW) Bought by FJ Capital Management LLC

FJ Capital Management LLC bought a new stake in Strawberry Fields REIT, Inc. (NASDAQ:STRW - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 192,737 shares of the company's stock, valued at approximately $2,031,000. FJ Capital Management LLC owned approximately 2.58% of Strawberry Fields REIT at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Wells Fargo & Company MN boosted its holdings in Strawberry Fields REIT by 39.6% in the fourth 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. Bank of America Corp DE lifted its position in shares of Strawberry Fields REIT by 52.9% in the fourth quarter. Bank of America Corp DE now owns 4,725 shares of the company's stock worth $50,000 after buying an additional 1,634 shares during the last quarter. BNP Paribas Financial Markets bought a new stake in shares of Strawberry Fields REIT during the 4th quarter worth about $84,000. Pentwater Capital Management LP acquired a new position in shares of Strawberry Fields REIT during the 4th quarter valued at about $105,000. Finally, Bank of New York Mellon Corp bought a new position in shares of Strawberry Fields REIT in the 4th quarter valued at approximately $109,000.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Compass Point set a $14.00 target price on shares of Strawberry Fields REIT in a research note on Wednesday, January 15th. Wedbush boosted their price objective on Strawberry Fields REIT from $12.00 to $14.00 and gave the stock an "outperform" rating in a research report on Wednesday, March 5th.

Insider Buying and Selling at Strawberry Fields REIT

In other Strawberry Fields REIT news, Director Michael Blisko bought 10,000 shares of the firm's stock in a transaction dated Tuesday, April 8th. The shares were bought 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 owns 314,582 shares of the company's stock, valued at approximately $2,909,883.50. This trade represents a 3.28% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 10.60% of the company's stock.

Strawberry Fields REIT Stock Performance

Shares of STRW traded up $0.15 on Friday, reaching $10.15. 29,936 shares of the stock traded hands, compared to its average volume of 80,452. The firm has a market cap of $124.38 million, a price-to-earnings ratio of 19.90, a price-to-earnings-growth ratio of 1.16 and a beta of 0.47. Strawberry Fields REIT, Inc. has a 12 month low of $8.70 and a 12 month high of $12.90. The stock's 50-day moving average is $11.30.

Strawberry Fields REIT Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 5.52%. The ex-dividend date of this dividend is Monday, June 16th. Strawberry Fields REIT's dividend payout ratio (DPR) is 96.55%.

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.