Strawberry Fields REIT (NASDAQ:STRW) Lowered to Neutral Rating by Compass Point

Strawberry Fields REIT (NASDAQ:STRW - Get Free Report) was downgraded by equities research analysts at Compass Point from a "buy" rating to a "neutral" rating in a research report issued on Wednesday, MarketBeat Ratings reports. They currently have a $10.65 price objective on the stock. Compass Point's price target suggests a potential upside of 3.40% from the stock's previous close.

Separately, Wedbush reiterated an "outperform" rating and set a $13.00 target price (down from $14.00) on shares of Strawberry Fields REIT in a research note on Monday, May 12th.

Strawberry Fields REIT Trading Down 0.6%

Strawberry Fields REIT stock traded down $0.06 during midday trading on Wednesday, hitting $10.30. 7,771 shares of the company were exchanged, compared to its average volume of 72,642. The company has a market cap of $128.18 million, a P/E ratio of 20.20, a PEG ratio of 1.16 and a beta of 0.38. The stock has a fifty day simple moving average of $10.52. Strawberry Fields REIT has a fifty-two week low of $8.70 and a fifty-two week high of $12.90.

Insider Buying and Selling

In other Strawberry Fields REIT news, Director Michael Blisko bought 10,000 shares of the company's stock in a transaction on Tuesday, April 8th. The shares were bought at an average cost of $9.25 per share, with a total value of $92,500.00. Following the completion of the acquisition, the director owned 314,582 shares of the company's stock, valued at approximately $2,909,883.50. This trade represents a 3.28% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have acquired a total of 11,904 shares of company stock valued at $112,381 over the last three months. Insiders own 18.80% of the company's stock.

Institutional Investors Weigh In On Strawberry Fields REIT

A number of institutional investors have recently modified their holdings of the business. CWM LLC grew 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 boosted its holdings 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 valued at $36,000 after acquiring 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% during 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 period. Corebridge Financial Inc. raised its holdings in Strawberry Fields REIT by 48.0% during 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 lifted its position 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 worth $50,000 after purchasing an additional 1,634 shares during the period.

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.

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