Strawberry Fields REIT (NASDAQ:STRW) Coverage Initiated at Cantor Fitzgerald

Key Points

• Strawberry Fields REIT (NASDAQ:STRW) has been upgraded to a "strong-buy" rating by Cantor Fitzgerald.
• The stock currently has a consensus rating of "Buy" with a price target of $12.55.
• Recent insider trading reveals that Director Jack Levine purchased 10,000 shares at an average cost of $9.92.

Investment analysts at Cantor Fitzgerald assumed coverage on shares of Strawberry Fields REIT (NASDAQ:STRW - Get Free Report) in a research report issued on Wednesday, MarketBeat Ratings reports. The firm set an "overweight" rating and a $14.00 price target on the stock. Cantor Fitzgerald's price objective would suggest a potential upside of 13.82% from the company's previous close.

A number of other equities analysts have also recently issued reports 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 Strawberry Fields REIT from a "buy" rating to a "neutral" rating and reduced their price target for the company from $12.20 to $10.65 in a report on Wednesday, July 2nd. Two equities research analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Strawberry Fields REIT has an average rating of "Buy" and an average price target of $12.55.

Strawberry Fields REIT Price Performance

Shares of NASDAQ STRW opened at $12.30 on Wednesday. The firm's fifty day moving average is $11.48 and its 200 day moving average is $10.98. Strawberry Fields REIT has a 52 week low of $8.70 and a 52 week high of $12.84. The company has a market cap of $159.81 million, a price-to-earnings ratio of 24.12, a PEG ratio of 1.16 and a beta of 0.39.

Insider Activity

In related news, Director Jack Levine purchased 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 8th. The stock was bought at an average cost of $9.92 per share, with a total value of $99,200.00. Following the completion of the purchase, the director directly owned 130,000 shares in the company, valued at approximately $1,289,600. This represents a 8.33% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 10.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in STRW. Bank of America Corp DE lifted its stake in shares of Strawberry Fields REIT by 52.9% in the 4th quarter. Bank of America Corp DE now owns 4,725 shares of the company's stock valued at $50,000 after purchasing an additional 1,634 shares during the period. Millennium Management LLC bought a new position in Strawberry Fields REIT in the fourth quarter worth $442,000. Nuveen Asset Management LLC purchased a new position in Strawberry Fields REIT during the fourth quarter valued at $136,000. GAMMA Investing LLC lifted its position in Strawberry Fields REIT by 2,191.7% during the first quarter. GAMMA Investing LLC now owns 3,025 shares of the company's stock valued at $36,000 after buying an additional 2,893 shares during the period. Finally, Rhumbline Advisers boosted its holdings in shares of 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 buying an additional 2,098 shares in the last quarter.

Strawberry Fields REIT Company Profile

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.