Jack Levine Buys 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 firm's stock in a transaction dated Tuesday, July 8th. The shares were bought at an average price of $9.92 per share, with a total value of $99,200.00. Following the purchase, the director owned 130,000 shares in the company, valued at $1,289,600. The trade was a 8.33% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Strawberry Fields REIT Stock Up 2.1%

Shares of STRW stock traded up $0.21 during mid-day trading on Thursday, reaching $10.32. The stock had a trading volume of 24,800 shares, compared to its average volume of 71,920. The company has a 50-day moving average price of $10.43. Strawberry Fields REIT, Inc. has a 52-week low of $8.70 and a 52-week high of $12.90. The company has a market capitalization of $128.43 million, a price-to-earnings ratio of 20.24, a PEG ratio of 1.16 and a beta of 0.39.

Strawberry Fields REIT Announces Dividend

The business 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 5.43%. The ex-dividend date of this dividend was Monday, June 16th. Strawberry Fields REIT's payout ratio is 96.55%.

Institutional Investors Weigh In On Strawberry Fields REIT

A number of large investors have recently modified their holdings of the stock. Ameriprise Financial Inc. lifted its stake in shares of Strawberry Fields REIT by 97.1% in the fourth quarter. Ameriprise Financial Inc. now owns 53,640 shares of the company's stock worth $565,000 after buying an additional 26,421 shares in the last quarter. Nuveen Asset Management LLC purchased a new stake in Strawberry Fields REIT during the fourth quarter valued at approximately $136,000. Millennium Management LLC purchased a new stake in shares of Strawberry Fields REIT in the fourth quarter worth $442,000. Ritholtz Wealth Management increased its stake in shares of Strawberry Fields REIT by 55.7% in the first quarter. Ritholtz Wealth Management now owns 21,609 shares of the company's stock worth $257,000 after purchasing an additional 7,727 shares in the last quarter. Finally, 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.

Analysts Set New Price Targets

Several research analysts have commented on STRW shares. Compass Point downgraded shares of Strawberry Fields REIT from a "buy" rating to a "neutral" rating and cut their price target for the company from $12.20 to $10.65 in a report on Wednesday, July 2nd. Wedbush raised shares of Strawberry Fields REIT to a "strong-buy" rating in a report on Wednesday, July 2nd.

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.