GAMMA Investing LLC Increases Holdings in Strawberry Fields REIT, Inc. (NASDAQ:STRW)

GAMMA Investing LLC raised its stake in shares of Strawberry Fields REIT, Inc. (NASDAQ:STRW) by 2,191.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,025 shares of the company’s stock after buying an additional 2,893 shares during the period. GAMMA Investing LLC’s holdings in Strawberry Fields REIT were worth $36,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in STRW. Bank of New York Mellon Corp purchased a new stake in Strawberry Fields REIT during the 4th quarter valued at $109,000. First Eagle Investment Management LLC purchased a new stake in Strawberry Fields REIT during the 4th quarter valued at $528,000. Hillsdale Investment Management Inc. purchased a new stake in Strawberry Fields REIT during the 4th quarter valued at $274,000. JPMorgan Chase & Co. raised its stake in 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 buying an additional 13,733 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in Strawberry Fields REIT by 5.9% during the 4th quarter. Geode Capital Management LLC now owns 104,247 shares of the company’s stock valued at $1,099,000 after buying an additional 5,802 shares during the last quarter.

Analyst Upgrades and Downgrades

Separately, Wedbush reiterated an “outperform” rating and set a $13.00 target price (down from $14.00) on shares of Strawberry Fields REIT in a research note on Monday, May 12th.

Strawberry Fields REIT Price Performance

NASDAQ:STRW opened at $10.75 on Friday. The stock has a market cap of $133.78 million, a price-to-earnings ratio of 21.08, a price-to-earnings-growth ratio of 1.16 and a beta of 0.38. Strawberry Fields REIT, Inc. has a one year low of $8.70 and a one year high of $12.90. The business has a fifty day moving average of $10.55.

Strawberry Fields REIT Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $0.56 annualized dividend and a dividend yield of 5.21%. Strawberry Fields REIT’s dividend payout ratio (DPR) is 96.55%.

Insider Transactions at Strawberry Fields REIT

In related news, Director Michael Blisko acquired 10,000 shares of Strawberry Fields REIT stock in a transaction dated Tuesday, April 8th. The stock was purchased at an average cost of $9.25 per share, for a total transaction of $92,500.00. Following the purchase, the director now directly owns 314,582 shares of the company’s stock, valued at approximately $2,909,883.50. This trade represents a 3.28% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Insiders purchased 11,904 shares of company stock worth $112,381 in the last three months. Corporate insiders own 18.80% of the company’s stock.

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.