JPMorgan Chase & Co. Has $246,000 Stock Position in Strawberry Fields REIT, Inc. (NASDAQ:STRW)

JPMorgan Chase & Co. lifted its holdings in Strawberry Fields REIT, Inc. (NASDAQ:STRW) by 143.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 23,305 shares of the company’s stock after acquiring an additional 13,733 shares during the period. JPMorgan Chase & Co. owned approximately 0.31% of Strawberry Fields REIT worth $246,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of STRW. Hillsdale Investment Management Inc. acquired a new position in shares of Strawberry Fields REIT during the 4th quarter worth approximately $274,000. First Eagle Investment Management LLC bought a new stake in shares of Strawberry Fields REIT in the fourth quarter valued at approximately $528,000. Bank of New York Mellon Corp acquired a new stake in Strawberry Fields REIT during the fourth quarter worth approximately $109,000. State of New Jersey Common Pension Fund D bought a new position in Strawberry Fields REIT during the 4th quarter worth $1,354,000. Finally, White Pine Capital LLC acquired a new position in Strawberry Fields REIT in the 4th quarter valued at $748,000.

Insider Activity

In other Strawberry Fields REIT news, Director Michael Blisko acquired 10,000 shares of Strawberry Fields REIT stock in a transaction that occurred on Tuesday, April 8th. The shares were acquired at an average cost of $9.25 per share, with a total value of $92,500.00. Following the completion of the purchase, the director now directly owns 314,582 shares of the company’s stock, valued at $2,909,883.50. This represents a 3.28 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 10.60% of the company’s stock.

Strawberry Fields REIT Price Performance

Shares of NASDAQ:STRW opened at $10.89 on Friday. Strawberry Fields REIT, Inc. has a 1 year low of $8.70 and a 1 year high of $12.90. The company has a market capitalization of $133.45 million, a PE ratio of 21.35, a price-to-earnings-growth ratio of 1.16 and a beta of 0.38. The company has a 50 day moving average price of $11.45.

Strawberry Fields REIT Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were paid a $0.14 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $0.56 annualized dividend and a dividend yield of 5.14%. Strawberry Fields REIT’s payout ratio is 98.25%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on STRW shares. Wedbush increased their target price on Strawberry Fields REIT from $12.00 to $14.00 and gave the stock an “outperform” rating in a report on Wednesday, March 5th. Compass Point set a $14.00 price objective on shares of Strawberry Fields REIT in a research report on Wednesday, January 15th.

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.