Strawberry Fields REIT (NYSEAMERICAN:STRW) Stock Price Up 0.5% - Should You Buy?

Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW - Get Free Report)'s stock price was up 0.5% on Monday . The company traded as high as $11.18 and last traded at $11.03. Approximately 32,958 shares traded hands during mid-day trading, a decline of 46% from the average daily volume of 60,518 shares. The stock had previously closed at $10.97.

Wall Street Analysts Forecast Growth

STRW has been the subject of several research reports. Compass Point initiated coverage on shares of Strawberry Fields REIT in a research note on Thursday, January 16th. They set a "buy" rating and a $14.00 price objective for the company. Lake Street Capital started coverage on Strawberry Fields REIT in a research report on Wednesday, January 8th. They set a "buy" rating and a $13.50 price target on the stock. Finally, Wedbush started coverage on Strawberry Fields REIT in a research note on Monday, January 6th. They set an "outperform" rating and a $12.00 target price for the company.

Strawberry Fields REIT Trading Down 0.3 %

The firm has a market cap of $81.61 million, a PE ratio of 21.39, a P/E/G ratio of 1.10 and a beta of 0.51. The company's 50-day moving average is $11.51 and its 200 day moving average is $11.39.

Institutional Investors Weigh In On Strawberry Fields REIT

Hedge funds and other institutional investors have recently modified their holdings of the stock. State Street Corp grew its holdings in shares of Strawberry Fields REIT by 4.1% during the third quarter. State Street Corp now owns 45,998 shares of the company's stock worth $584,000 after purchasing an additional 1,796 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Strawberry Fields REIT by 186.7% during the third quarter. JPMorgan Chase & Co. now owns 9,572 shares of the company's stock worth $121,000 after acquiring an additional 6,233 shares in the last quarter. Barclays PLC raised its position in shares of Strawberry Fields REIT by 302.3% during the third quarter. Barclays PLC now owns 8,697 shares of the company's stock worth $110,000 after purchasing an additional 6,535 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of Strawberry Fields REIT by 14.1% during the third quarter. Geode Capital Management LLC now owns 98,445 shares of the company's stock worth $1,249,000 after acquiring an additional 12,129 shares in the last quarter.

Strawberry Fields REIT Company Profile

Strawberry Fields REIT, Inc, is a self-administered real estate investment trust engaged in the ownership, acquisition, development and leasing of skilled nursing and certain other healthcare-related properties. The Company's portfolio includes 109 healthcare facilities with an aggregate of 12,449 bed, located throughout the states of Arkansas, Illinois, Indiana, Kentucky, Michigan, Ohio, Oklahoma, Tennessee and Texas.