Strawberry Fields REIT, Inc. (NASDAQ:STRW) Director Buys $99,200.00 in Stock

Strawberry Fields REIT, Inc. (NASDAQ:STRW - Get Free Report) Director Jack Levine bought 10,000 shares of the 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 purchase, the director directly owned 130,000 shares in the company, valued at $1,289,600. This represents a 8.33% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Strawberry Fields REIT Stock Performance

Shares of NASDAQ STRW traded down $0.16 during trading hours on Wednesday, reaching $10.11. The stock had a trading volume of 36,894 shares, compared to its average volume of 72,280. The stock has a market capitalization of $125.82 million, a price-to-earnings ratio of 19.82, a price-to-earnings-growth ratio of 1.16 and a beta of 0.39. Strawberry Fields REIT, Inc. has a fifty-two week low of $8.70 and a fifty-two week high of $12.90. The business's 50-day simple moving average is $10.44.

Strawberry Fields REIT Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 16th were paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 5.54%. The ex-dividend date of this dividend was Monday, June 16th. Strawberry Fields REIT's dividend payout ratio (DPR) is 96.55%.

Hedge Funds Weigh In On Strawberry Fields REIT

A number of large investors have recently modified their holdings of the business. CWM LLC increased its stake in Strawberry Fields REIT by 36,616.7% in the 1st quarter. CWM LLC now owns 2,203 shares of the company's stock valued at $26,000 after purchasing an additional 2,197 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Strawberry Fields REIT by 2,191.7% in the first quarter. GAMMA Investing LLC now owns 3,025 shares of the company's stock valued at $36,000 after acquiring an additional 2,893 shares during the last quarter. 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 valued at $41,000 after acquiring an additional 1,107 shares during the last quarter. Corebridge Financial Inc. boosted its holdings in Strawberry Fields REIT by 48.0% in the first quarter. Corebridge Financial Inc. now owns 4,570 shares of the company's stock valued at $54,000 after acquiring an additional 1,482 shares during the last quarter. Finally, Bank of America Corp DE boosted its holdings in 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 valued at $50,000 after acquiring an additional 1,634 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Wedbush upgraded Strawberry Fields REIT to a "strong-buy" rating in a report on Wednesday, July 2nd. Compass Point downgraded Strawberry Fields REIT from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $12.20 to $10.65 in a report on Wednesday, July 2nd.

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.

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