State of New Jersey Common Pension Fund D Raises Position in Strawberry Fields REIT, Inc. $STRW

State of New Jersey Common Pension Fund D increased its holdings in Strawberry Fields REIT, Inc. (NASDAQ:STRW) by 9.5% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 173,000 shares of the company’s stock after buying an additional 15,000 shares during the period. State of New Jersey Common Pension Fund D owned 1.39% of Strawberry Fields REIT worth $1,823,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in STRW. Bank of America Corp DE raised its position in shares of Strawberry Fields REIT by 52.9% in the fourth quarter. Bank of America Corp DE now owns 4,725 shares of the company’s stock worth $50,000 after buying an additional 1,634 shares in the last quarter. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Strawberry Fields REIT in the first quarter worth $237,000. Bank of New York Mellon Corp raised its position in shares of Strawberry Fields REIT by 76.2% in the first quarter. Bank of New York Mellon Corp now owns 18,220 shares of the company’s stock worth $217,000 after buying an additional 7,880 shares in the last quarter. CWM LLC raised its position in shares of Strawberry Fields REIT by 36,616.7% in the first quarter. CWM LLC now owns 2,203 shares of the company’s stock worth $26,000 after buying an additional 2,197 shares in the last quarter. Finally, Segall Bryant & Hamill LLC purchased a new stake in shares of Strawberry Fields REIT in the first quarter worth $1,264,000.

Analyst Ratings Changes

A number of research firms have weighed in on STRW. Cantor Fitzgerald began coverage on Strawberry Fields REIT in a research report on Wednesday, October 1st. They set an “overweight” rating and a $14.00 price target on the stock. Zacks Research upgraded Strawberry Fields REIT from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 7th. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Strawberry Fields REIT currently has an average rating of “Buy” and an average price target of $12.55.

Strawberry Fields REIT Stock Up 1.0%

NASDAQ STRW opened at $11.63 on Friday. The stock’s 50-day simple moving average is $11.91 and its two-hundred day simple moving average is $11.02. Strawberry Fields REIT, Inc. has a twelve month low of $8.70 and a twelve month high of $12.84. The company has a market capitalization of $151.11 million, a price-to-earnings ratio of 22.80, a PEG ratio of 1.16 and a beta of 0.41.

Strawberry Fields REIT Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th were paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 5.5%. This is an increase from Strawberry Fields REIT’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Tuesday, September 16th. Strawberry Fields REIT’s payout ratio is 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.