Short Interest in Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) Declines By 62.1%

Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) was the recipient of a significant decline in short interest during the month of December. As of December 15th, there was short interest totalling 49,400 shares, a decline of 62.1% from the November 30th total of 130,200 shares. Currently, 1.0% of the company’s stock are sold short. Based on an average daily trading volume, of 93,400 shares, the days-to-cover ratio is currently 0.5 days.

Strawberry Fields REIT Stock Up 0.5 %

Shares of NYSEAMERICAN STRW traded up $0.05 during midday trading on Friday, reaching $10.68. 11,592 shares of the company traded hands, compared to its average volume of 35,897. The stock has a market cap of $79.89 million, a P/E ratio of 20.94 and a beta of 0.22. Strawberry Fields REIT has a 52 week low of $6.56 and a 52 week high of $12.90.

Strawberry Fields REIT Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 16th will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 5.24%. This is an increase from Strawberry Fields REIT’s previous quarterly dividend of $0.13. The ex-dividend date is Monday, December 16th. Strawberry Fields REIT’s dividend payout ratio is 101.96%.

Insider Activity at Strawberry Fields REIT

In other Strawberry Fields REIT news, Director Jack Levine purchased 5,000 shares of Strawberry Fields REIT stock in a transaction dated Thursday, December 5th. The shares were bought at an average cost of $10.00 per share, for a total transaction of $50,000.00. Following the transaction, the director now owns 108,927 shares in the company, valued at $1,089,270. This represents a 4.81 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Moishe Gubin acquired 17,600 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The shares were acquired at an average cost of $11.99 per share, with a total value of $211,024.00. Following the transaction, the chief executive officer now owns 467,700 shares in the company, valued at approximately $5,607,723. The trade was a 3.91 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought a total of 154,547 shares of company stock valued at $1,586,276 over the last three months. 10.60% of the stock is owned by insiders.

Institutional Trading of Strawberry Fields REIT

A number of hedge funds and other institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. raised its holdings in shares of Strawberry Fields REIT by 186.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 9,572 shares of the company’s stock worth $121,000 after purchasing an additional 6,233 shares in the last quarter. Barclays PLC grew its position in Strawberry Fields REIT by 302.3% in the third quarter. Barclays PLC now owns 8,697 shares of the company’s stock worth $110,000 after buying an additional 6,535 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Strawberry Fields REIT by 14.1% in the third quarter. Geode Capital Management LLC now owns 98,445 shares of the company’s stock valued at $1,249,000 after buying an additional 12,129 shares in the last quarter. State Street Corp lifted its position in shares of Strawberry Fields REIT by 4.1% during the 3rd quarter. State Street Corp now owns 45,998 shares of the company’s stock valued at $584,000 after acquiring an additional 1,796 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Strawberry Fields REIT by 20.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 16,174 shares of the company’s stock worth $205,000 after acquiring an additional 2,774 shares in the last quarter.

Wall Street Analysts Forecast Growth

Separately, Janney Montgomery Scott initiated coverage on Strawberry Fields REIT in a research report on Wednesday, December 18th. They set a “buy” rating and a $12.50 price objective for the company.

Strawberry Fields REIT Company Profile

Strawberry Fields REIT, Inc, is a self-administered real estate investment trust engaged in the ownership, acquisition, development and leasing of skilled nursing and certain other healthcare-related properties. The Company's portfolio includes 109 healthcare facilities with an aggregate of 12,449 bed, located throughout the states of Arkansas, Illinois, Indiana, Kentucky, Michigan, Ohio, Oklahoma, Tennessee and Texas.