Analysts Set Strawberry Fields REIT, Inc. (NASDAQ:STRW) PT at $12.88

Strawberry Fields REIT, Inc. (NASDAQ:STRW) has received a consensus rating of “Moderate Buy” from the six brokerages that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among analysts that have covered the stock in the last year is $13.6625.

A number of equities research analysts recently weighed in on the company. Lake Street Capital reissued a “buy” rating and set a $16.00 target price on shares of Strawberry Fields REIT in a research report on Monday. Zacks Research downgraded Strawberry Fields REIT from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 5th. Alliance Global Partners restated a “buy” rating on shares of Strawberry Fields REIT in a research report on Friday, February 20th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $15.00 target price on shares of Strawberry Fields REIT in a research report on Monday, January 5th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. First Eagle Investment Management LLC raised its position in Strawberry Fields REIT by 38.1% in the 2nd quarter. First Eagle Investment Management LLC now owns 291,122 shares of the company’s stock worth $3,068,000 after purchasing an additional 80,317 shares during the last quarter. Los Angeles Capital Management LLC bought a new stake in shares of Strawberry Fields REIT during the second quarter worth $293,000. State of New Jersey Common Pension Fund D lifted its stake in shares of Strawberry Fields REIT by 9.5% during the second quarter. State of New Jersey Common Pension Fund D now owns 173,000 shares of the company’s stock valued at $1,823,000 after acquiring an additional 15,000 shares during the period. Worth Venture Partners LLC boosted its holdings in Strawberry Fields REIT by 36.3% in the second quarter. Worth Venture Partners LLC now owns 25,900 shares of the company’s stock valued at $273,000 after acquiring an additional 6,900 shares during the last quarter. Finally, White Pine Capital LLC boosted its holdings in Strawberry Fields REIT by 19.2% in the third quarter. White Pine Capital LLC now owns 85,398 shares of the company’s stock valued at $1,050,000 after acquiring an additional 13,733 shares during the last quarter.

Strawberry Fields REIT Stock Performance

NASDAQ:STRW opened at $12.96 on Monday. The firm’s 50-day moving average is $13.03 and its 200-day moving average is $12.37. Strawberry Fields REIT has a 52-week low of $8.70 and a 52-week high of $14.00. The company has a market cap of $170.04 million, a price-to-earnings ratio of 25.41, a PEG ratio of 1.16 and a beta of 0.36.

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.