Strawberry Fields REIT, Inc. (NASDAQ:STRW) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC grew its position in shares of Strawberry Fields REIT, Inc. (NASDAQ:STRW) by 5.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 104,247 shares of the company’s stock after purchasing an additional 5,802 shares during the quarter. Geode Capital Management LLC owned 1.39% of Strawberry Fields REIT worth $1,099,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. State of New Jersey Common Pension Fund D acquired a new position in shares of Strawberry Fields REIT during the 4th quarter valued at $1,354,000. White Pine Capital LLC acquired a new position in shares of Strawberry Fields REIT during the 4th quarter valued at $748,000. First Eagle Investment Management LLC acquired a new position in shares of Strawberry Fields REIT during the 4th quarter valued at $528,000. Hillsdale Investment Management Inc. acquired a new position in shares of Strawberry Fields REIT during the 4th quarter valued at $274,000. Finally, JPMorgan Chase & Co. increased its position in shares of Strawberry Fields REIT by 143.5% during the 4th quarter. JPMorgan Chase & Co. now owns 23,305 shares of the company’s stock valued at $246,000 after purchasing an additional 13,733 shares during the period.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on STRW. Compass Point set a $14.00 target price on Strawberry Fields REIT in a report on Wednesday, January 15th. Wedbush lifted their price target on Strawberry Fields REIT from $12.00 to $14.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 5th.

Insider Activity at Strawberry Fields REIT

In other news, Director Michael Blisko purchased 10,000 shares of the stock in a transaction that occurred on Tuesday, April 8th. The stock was acquired at an average price of $9.25 per share, with a total value of $92,500.00. Following the purchase, the director now owns 314,582 shares in the company, valued at $2,909,883.50. This represents a 3.28 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 10.60% of the stock is currently owned by company insiders.

Strawberry Fields REIT Trading Down 3.5 %

NASDAQ:STRW opened at $10.52 on Thursday. Strawberry Fields REIT, Inc. has a fifty-two week low of $8.70 and a fifty-two week high of $12.90. The firm’s 50-day simple moving average is $11.48. The stock has a market cap of $128.91 million, a PE ratio of 20.63, a PEG ratio of 1.16 and a beta of 0.38.

Strawberry Fields REIT Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a dividend of $0.14 per share. The ex-dividend date was Monday, March 17th. This represents a $0.56 annualized dividend and a yield of 5.32%. Strawberry Fields REIT’s dividend payout ratio (DPR) is presently 98.25%.

Strawberry Fields REIT 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.