Strawberry Fields REIT (NASDAQ:STRW) Stock Price Up 1.2% – Here’s What Happened

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

Wall Street Analyst Weigh In

STRW has been the topic of several research reports. Cantor Fitzgerald reissued an “overweight” rating and set a $15.00 price objective on shares of Strawberry Fields REIT in a research report on Monday, January 5th. Zacks Research cut Strawberry Fields REIT from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 5th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Strawberry Fields REIT currently has an average rating of “Moderate Buy” and a consensus target price of $12.88.

Strawberry Fields REIT Price Performance

The firm has a market capitalization of $176.46 million, a price-to-earnings ratio of 26.37, a price-to-earnings-growth ratio of 1.16 and a beta of 0.36. The business’s 50 day moving average price is $12.63 and its 200-day moving average price is $11.75.

Institutional Trading of Strawberry Fields REIT

Hedge funds have recently modified their holdings of the business. Nisa Investment Advisors LLC raised its position in Strawberry Fields REIT by 93.5% in the third quarter. Nisa Investment Advisors LLC now owns 2,020 shares of the company’s stock worth $25,000 after acquiring an additional 976 shares in the last quarter. Wexford Capital LP purchased a new position in shares of Strawberry Fields REIT in the 3rd quarter valued at about $44,000. Bank of America Corp DE lifted its stake 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 valued at $50,000 after purchasing an additional 1,634 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Strawberry Fields REIT by 58.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,431 shares of the company’s stock worth $65,000 after buying an additional 2,011 shares in the last quarter. Finally, Copeland Capital Management LLC acquired a new position in Strawberry Fields REIT during the third quarter worth about $77,000.

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.