US Bancorp DE Acquires New Stake in Strawberry Fields REIT, Inc. $STRW

US Bancorp DE purchased a new stake in shares of Strawberry Fields REIT, Inc. (NASDAQ:STRW) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 5,000 shares of the company’s stock, valued at approximately $60,000.

A number of other large investors have also added to or reduced their stakes in STRW. Alyeska Investment Group L.P. purchased a new stake in Strawberry Fields REIT during the fourth quarter valued at about $11,067,000. FJ Capital Management LLC purchased a new stake in Strawberry Fields REIT during the fourth quarter valued at about $2,031,000. Segall Bryant & Hamill LLC purchased a new stake in Strawberry Fields REIT during the first quarter valued at about $1,264,000. Barclays PLC raised its position in 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 purchasing an additional 55,415 shares in the last quarter. Finally, Millennium Management LLC purchased a new stake in Strawberry Fields REIT during the fourth quarter valued at about $442,000.

Insider Activity at Strawberry Fields REIT

In related news, Director Jack Levine acquired 10,000 shares of the firm’s stock in a transaction dated Tuesday, July 8th. The shares were purchased at an average price of $9.92 per share, for a total transaction of $99,200.00. Following the completion of the acquisition, the director owned 130,000 shares in the company, valued at approximately $1,289,600. This represents a 8.33% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Insiders bought a total of 12,904 shares of company stock valued at $129,561 in the last quarter. 10.60% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on STRW. Compass Point downgraded Strawberry Fields REIT from a “buy” rating to a “neutral” rating and lowered their price target for the company from $12.20 to $10.65 in a research report on Wednesday, July 2nd. Wedbush upgraded Strawberry Fields REIT to a “strong-buy” rating in a report on Wednesday, July 2nd.

Strawberry Fields REIT Trading Up 2.4%

STRW opened at $11.32 on Tuesday. The company has a market cap of $147.08 million, a P/E ratio of 22.20, a P/E/G ratio of 1.16 and a beta of 0.39. The business’s 50-day moving average price is $10.50 and its 200-day moving average price is $10.91. Strawberry Fields REIT, Inc. has a 12 month low of $8.70 and a 12 month high of $12.90.

Strawberry Fields REIT Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be issued a $0.16 dividend. This is an increase from Strawberry Fields REIT’s previous quarterly dividend of $0.14. This represents a $0.64 annualized dividend and a dividend yield of 5.7%. The ex-dividend date is Tuesday, September 16th. Strawberry Fields REIT’s dividend payout ratio (DPR) is presently 106.67%.

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.