Strawberry Fields REIT, Inc. (NASDAQ:STRW) Director Jack Levine Purchases 10,000 Shares

Strawberry Fields REIT, Inc. (NASDAQ:STRW - Get Free Report) Director Jack Levine acquired 10,000 shares of the firm's stock in a transaction on Tuesday, July 8th. The stock was purchased at an average price of $9.92 per share, with a total value of $99,200.00. Following the transaction, the director owned 130,000 shares of the company's stock, valued at approximately $1,289,600. This trade represents a 8.33% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.

Strawberry Fields REIT Trading Down 0.9%

Shares of STRW traded down $0.09 during mid-day trading on Friday, hitting $10.23. 27,398 shares of the company were exchanged, compared to its average volume of 71,578. Strawberry Fields REIT, Inc. has a 1-year low of $8.70 and a 1-year high of $12.90. The firm's 50 day simple moving average is $10.41. The stock has a market cap of $127.31 million, a PE ratio of 20.06, a price-to-earnings-growth ratio of 1.16 and a beta of 0.39.

Strawberry Fields REIT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 16th were paid a dividend of $0.14 per share. The ex-dividend date was Monday, June 16th. This represents a $0.56 annualized dividend and a yield of 5.47%. Strawberry Fields REIT's dividend payout ratio is presently 96.55%.

Institutional Trading of Strawberry Fields REIT

Several large investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. grew its stake in Strawberry Fields REIT by 14.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 17,182 shares of the company's stock valued at $205,000 after acquiring an additional 2,104 shares in the last quarter. Rhumbline Advisers grew its stake in Strawberry Fields REIT by 39.5% during the 1st quarter. Rhumbline Advisers now owns 7,412 shares of the company's stock valued at $88,000 after acquiring an additional 2,098 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in Strawberry Fields REIT during the 1st quarter valued at about $453,000. Jones Financial Companies Lllp purchased a new stake in Strawberry Fields REIT during the 1st quarter valued at about $984,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Strawberry Fields REIT by 58.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,431 shares of the company's stock valued at $65,000 after acquiring an additional 2,011 shares in the last quarter.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Wedbush upgraded 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 reduced their price target for the stock from $12.20 to $10.65 in a research 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.