Strawberry Fields REIT (NASDAQ:STRW) Upgraded to Strong-Buy at Wedbush

Strawberry Fields REIT (NASDAQ:STRW - Get Free Report) was upgraded by stock analysts at Wedbush to a "strong-buy" rating in a research note issued on Wednesday,Zacks.com reports.

Separately, Compass Point downgraded shares of Strawberry Fields REIT from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $12.20 to $10.65 in a report on Wednesday.

Strawberry Fields REIT Trading Down 1.0%

NASDAQ STRW opened at $10.17 on Wednesday. The company has a fifty day simple moving average of $10.49. Strawberry Fields REIT has a 12-month low of $8.70 and a 12-month high of $12.90. The firm has a market cap of $126.57 million, a P/E ratio of 19.94, a P/E/G ratio of 1.16 and a beta of 0.39.

Insiders Place Their Bets

In other Strawberry Fields REIT news, Director Michael Blisko acquired 10,000 shares of the stock in a transaction on Tuesday, April 8th. The shares were purchased at an average price of $9.25 per share, for a total transaction of $92,500.00. Following the completion of the acquisition, the director owned 314,582 shares in the company, valued at approximately $2,909,883.50. This represents a 3.28% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have acquired a total of 11,904 shares of company stock worth $112,381 in the last 90 days. Corporate insiders own 10.60% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of STRW. Alyeska Investment Group L.P. acquired a new position in Strawberry Fields REIT during the fourth quarter worth $11,067,000. FJ Capital Management LLC purchased a new stake in shares of Strawberry Fields REIT in the fourth quarter valued at about $2,031,000. Keeley Teton Advisors LLC purchased a new stake in shares of Strawberry Fields REIT in the fourth quarter valued at about $1,651,000. MYDA Advisors LLC purchased a new stake in shares of Strawberry Fields REIT in the fourth quarter valued at about $1,265,000. Finally, Segall Bryant & Hamill LLC purchased a new stake in shares of Strawberry Fields REIT in the first quarter valued at about $1,264,000.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.