FJ Capital Management LLC Acquires Shares of 192,737 Strawberry Fields REIT, Inc. (NASDAQ:STRW)

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

A number of other institutional investors also recently bought and sold shares of the stock. Wells Fargo & Company MN boosted its stake in Strawberry Fields REIT by 39.6% in the 4th 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 stake in Strawberry Fields REIT by 52.9% during the 4th quarter. Bank of America Corp DE now owns 4,725 shares of the company's stock valued at $50,000 after acquiring an additional 1,634 shares during the period. Northern Trust Corp lifted its stake in Strawberry Fields REIT by 4.8% during the 4th quarter. Northern Trust Corp now owns 40,003 shares of the company's stock valued at $422,000 after acquiring an additional 1,844 shares during the period. Geode Capital Management LLC lifted its stake in Strawberry Fields REIT by 5.9% during the 4th quarter. Geode Capital Management LLC now owns 104,247 shares of the company's stock valued at $1,099,000 after acquiring an additional 5,802 shares during the period. Finally, BNP Paribas Financial Markets acquired a new stake in Strawberry Fields REIT during the 4th quarter valued at approximately $84,000.

Analyst Upgrades and Downgrades

Several brokerages have commented on STRW. Compass Point set a $14.00 price objective on shares of Strawberry Fields REIT in a research note on Wednesday, January 15th. Wedbush restated an "outperform" rating and set a $13.00 price objective (down from $14.00) on shares of Strawberry Fields REIT in a research report on Monday.

Strawberry Fields REIT Stock Up 2.4%

STRW stock traded up $0.25 during mid-day trading on Wednesday, hitting $10.72. 13,860 shares of the company were exchanged, compared to its average volume of 78,744. The firm's fifty day simple moving average is $11.25. Strawberry Fields REIT, Inc. has a 12-month low of $8.70 and a 12-month high of $12.90. The stock has a market capitalization of $131.36 million, a price-to-earnings ratio of 21.02, a P/E/G ratio of 1.16 and a beta of 0.47.

Strawberry Fields REIT Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 5.22%. The ex-dividend date of this dividend is Monday, June 16th. Strawberry Fields REIT's payout ratio is 96.55%.

Insider Buying and Selling

In related news, Director Michael Blisko acquired 10,000 shares of Strawberry Fields REIT stock in a transaction dated Tuesday, April 8th. The stock was acquired at an average price of $9.25 per share, for a total transaction of $92,500.00. Following the transaction, the director now owns 314,582 shares of the company's stock, valued at $2,909,883.50. This represents a 3.28% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 10.60% of the stock is owned by insiders.

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.