Jack Levine Acquires 10,000 Shares of Strawberry Fields REIT, Inc. (NASDAQ:STRW) Stock

Strawberry Fields REIT, Inc. (NASDAQ:STRW - Get Free Report) Director Jack Levine purchased 10,000 shares of the company's stock in a transaction that occurred on Tuesday, July 8th. The shares were purchased at an average cost of $9.92 per share, for a total transaction of $99,200.00. Following the completion of the transaction, the director directly owned 130,000 shares of the company's stock, valued at $1,289,600. This represents a 8.33% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

Strawberry Fields REIT Stock Down 1.8%

NASDAQ STRW traded down $0.19 during trading hours on Friday, reaching $10.13. 17,246 shares of the company were exchanged, compared to its average volume of 71,493. Strawberry Fields REIT, Inc. has a 1 year low of $8.70 and a 1 year high of $12.90. The firm has a 50 day simple moving average of $10.42. The company has a market cap of $126.07 million, a PE ratio of 19.86, a P/E/G ratio of 1.16 and a beta of 0.39.

Strawberry Fields REIT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 16th were issued a dividend of $0.14 per share. The ex-dividend date of this dividend was Monday, June 16th. This represents a $0.56 dividend on an annualized basis and a yield of 5.53%. Strawberry Fields REIT's dividend payout ratio (DPR) is presently 96.55%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on STRW shares. Wedbush raised shares of Strawberry Fields REIT to a "strong-buy" rating in a research report on Wednesday, July 2nd. Compass Point downgraded shares of Strawberry Fields REIT from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $12.20 to $10.65 in a report on Wednesday, July 2nd.

Hedge Funds Weigh In On Strawberry Fields REIT

Large investors have recently modified their holdings of the business. CWM LLC increased its stake in shares of Strawberry Fields REIT by 36,616.7% in the first quarter. CWM LLC now owns 2,203 shares of the company's stock worth $26,000 after purchasing an additional 2,197 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Strawberry Fields REIT by 2,191.7% in the first quarter. GAMMA Investing LLC now owns 3,025 shares of the company's stock worth $36,000 after purchasing an additional 2,893 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of 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. Corebridge Financial Inc. increased its stake in shares of Strawberry Fields REIT by 48.0% in the first quarter. Corebridge Financial Inc. now owns 4,570 shares of the company's stock worth $54,000 after purchasing an additional 1,482 shares in the last quarter. Finally, Bank of America Corp DE increased its stake 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 purchasing an additional 1,634 shares in the last quarter.

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.