Strawberry Fields REIT (NASDAQ:STRW) Trading Up 1.2% – What’s Next?

Shares of Strawberry Fields REIT, Inc. (NASDAQ:STRW) were up 1.2% during trading on Friday . The company traded as high as $13.45 and last traded at $13.45. Approximately 18,656 shares changed hands during trading, a decline of 33% from the average daily volume of 27,955 shares. The stock had previously closed at $13.29.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in 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. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $15.00 price objective on shares of Strawberry Fields REIT in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $12.88.

Strawberry Fields REIT Stock Performance

The company has a market cap of $176.46 million, a PE ratio of 26.37, a PEG ratio of 1.16 and a beta of 0.36. The company has a 50 day simple moving average of $12.63 and a two-hundred day simple moving average of $11.74.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. First Eagle Investment Management LLC boosted its position in Strawberry Fields REIT by 38.1% during the second quarter. First Eagle Investment Management LLC now owns 291,122 shares of the company’s stock valued at $3,068,000 after purchasing an additional 80,317 shares during the last quarter. Los Angeles Capital Management LLC acquired a new position in Strawberry Fields REIT in the 2nd quarter worth about $293,000. State of New Jersey Common Pension Fund D raised its stake in shares of Strawberry Fields REIT by 9.5% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 173,000 shares of the company’s stock worth $1,823,000 after purchasing an additional 15,000 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Strawberry Fields REIT by 14.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 17,182 shares of the company’s stock valued at $205,000 after buying an additional 2,104 shares during the last quarter. Finally, Duncan Williams Asset Management LLC increased its holdings in Strawberry Fields REIT by 14.8% in the second quarter. Duncan Williams Asset Management LLC now owns 17,247 shares of the company’s stock worth $182,000 after buying an additional 2,219 shares during the last quarter.

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.