Strawberry Fields REIT (NASDAQ:STRW) Raised to Strong-Buy at Zacks Research

Key Points

• Strawberry Fields REIT has been upgraded to a "strong-buy" rating by Zacks Research, indicating a positive outlook for the stock.
• As of now, the average price target for the stock is $12.55, with two analysts rating it as a strong buy and one as a hold.
• The market cap of Strawberry Fields REIT stands at $151.50 million, with shares trading near $11.66 as of the latest report.

Strawberry Fields REIT (NASDAQ:STRW - Get Free Report) was upgraded by stock analysts at Zacks Research from a "hold" rating to a "strong-buy" rating in a report released on Tuesday,Zacks.com reports.

STRW has been the subject of a number of other research reports. Cantor Fitzgerald initiated coverage on shares of Strawberry Fields REIT in a research report on Wednesday, October 1st. They set an "overweight" rating and a $14.00 target price for the company. Wedbush raised shares of Strawberry Fields REIT to a "strong-buy" rating in a research report on Wednesday, July 2nd. Finally, Compass Point downgraded shares of Strawberry Fields REIT from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $12.20 to $10.65 in a research report on Wednesday, July 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, Strawberry Fields REIT currently has an average rating of "Buy" and an average price target of $12.55.

Strawberry Fields REIT Price Performance

NASDAQ STRW opened at $11.66 on Tuesday. The company has a 50-day moving average of $11.62 and a 200-day moving average of $10.97. The company has a market cap of $151.50 million, a P/E ratio of 22.86, a P/E/G ratio of 1.16 and a beta of 0.41. Strawberry Fields REIT has a 12 month low of $8.70 and a 12 month high of $12.84.

Institutional Trading of Strawberry Fields REIT

Several large investors have recently bought and sold shares of STRW. Gabelli Funds LLC acquired a new stake in Strawberry Fields REIT in the second quarter valued at approximately $1,515,000. Segall Bryant & Hamill LLC acquired a new stake in Strawberry Fields REIT in the first quarter valued at approximately $1,264,000. Jones Financial Companies Lllp acquired a new stake in Strawberry Fields REIT in the first quarter valued at approximately $984,000. First Eagle Investment Management LLC grew its position in Strawberry Fields REIT by 38.1% in the second quarter. First Eagle Investment Management LLC now owns 291,122 shares of the company's stock valued at $3,068,000 after acquiring an additional 80,317 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new stake in Strawberry Fields REIT in the first quarter valued at approximately $453,000.

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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