Strawberry Fields REIT (NASDAQ:STRW) Stock Price Down 1.5% – Here’s Why

Strawberry Fields REIT, Inc. (NASDAQ:STRW)’s share price fell 1.5% during trading on Thursday . The company traded as low as $13.07 and last traded at $13.11. 28,039 shares were traded during trading, a decline of 47% from the average session volume of 52,433 shares. The stock had previously closed at $13.31.

Analyst Ratings Changes

Several brokerages have recently weighed in on STRW. Cantor Fitzgerald initiated coverage on shares of Strawberry Fields REIT in a report on Wednesday, October 1st. They issued an “overweight” rating and a $14.00 target price on the stock. Zacks Research downgraded shares of Strawberry Fields REIT from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 5th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $12.55.

Strawberry Fields REIT Trading Down 1.5%

The firm has a market capitalization of $172.00 million, a price-to-earnings ratio of 25.71, a PEG ratio of 1.16 and a beta of 0.38. The stock’s 50 day moving average price is $12.16 and its two-hundred day moving average price is $11.47.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Wexford Capital LP purchased a new stake in shares of Strawberry Fields REIT during the 3rd quarter worth approximately $44,000. Dimensional Fund Advisors LP raised its holdings in Strawberry Fields REIT by 124.1% during the third quarter. Dimensional Fund Advisors LP now owns 22,948 shares of the company’s stock worth $282,000 after purchasing an additional 12,710 shares during the last quarter. First Eagle Investment Management LLC boosted its position in Strawberry Fields REIT by 3.2% during the third quarter. First Eagle Investment Management LLC now owns 300,384 shares of the company’s stock worth $3,695,000 after purchasing an additional 9,262 shares in the last quarter. White Pine Capital LLC boosted its position in Strawberry Fields REIT by 19.2% during the third quarter. White Pine Capital LLC now owns 85,398 shares of the company’s stock worth $1,050,000 after purchasing an additional 13,733 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D grew its holdings in Strawberry Fields REIT by 2.9% in the third quarter. State of New Jersey Common Pension Fund D now owns 178,000 shares of the company’s stock valued at $2,189,000 after purchasing an additional 5,000 shares during the last quarter.

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.