Rhumbline Advisers Has $88,000 Holdings in Strawberry Fields REIT, Inc. (NASDAQ:STRW)

Rhumbline Advisers increased its position in shares of Strawberry Fields REIT, Inc. (NASDAQ:STRW) by 39.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,412 shares of the company’s stock after acquiring an additional 2,098 shares during the quarter. Rhumbline Advisers owned 0.06% of Strawberry Fields REIT worth $88,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in STRW. Alyeska Investment Group L.P. acquired a new stake in shares of Strawberry Fields REIT during the fourth quarter valued at approximately $11,067,000. FJ Capital Management LLC acquired a new stake in shares of Strawberry Fields REIT during the fourth quarter valued at approximately $2,031,000. Keeley Teton Advisors LLC acquired a new stake in shares of Strawberry Fields REIT during the fourth quarter valued at approximately $1,651,000. MYDA Advisors LLC acquired a new stake in shares of Strawberry Fields REIT during the fourth quarter valued at approximately $1,265,000. Finally, Barclays PLC raised its holdings in shares of Strawberry Fields REIT by 637.2% during the fourth quarter. Barclays PLC now owns 64,112 shares of the company’s stock valued at $676,000 after acquiring an additional 55,415 shares during the period.

Insider Activity at Strawberry Fields REIT

In related news, Director Michael Blisko acquired 10,000 shares of the stock in a transaction that occurred on Tuesday, April 8th. The shares were purchased at an average cost of $9.25 per share, with a total value of $92,500.00. Following the completion of the transaction, the director now 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 can be accessed through this link. Over the last three months, insiders have purchased 11,904 shares of company stock valued at $112,381. Corporate insiders own 18.80% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Strawberry Fields REIT Price Performance

Shares of STRW opened at $10.75 on Friday. The company’s 50 day moving average is $10.55. Strawberry Fields REIT, Inc. has a 52 week low of $8.70 and a 52 week high of $12.90. The stock has a market capitalization of $133.78 million, a P/E ratio of 21.08, a PEG ratio of 1.16 and a beta of 0.38.

Strawberry Fields REIT Announces Dividend

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

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.