Insider Buying: Strawberry Fields REIT (NASDAQ:STRW) CIO Acquires 1,431 Shares of Stock

Strawberry Fields REIT, Inc. (NASDAQ:STRW) CIO Jeffrey Bajtner acquired 1,431 shares of Strawberry Fields REIT stock in a transaction dated Friday, January 16th. The stock was bought at an average price of $13.10 per share, for a total transaction of $18,746.10. Following the completion of the purchase, the executive owned 3,605 shares of the company’s stock, valued at approximately $47,225.50. This represents a 65.82% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Strawberry Fields REIT Stock Up 0.4%

NASDAQ STRW traded up $0.05 during trading hours on Thursday, hitting $12.86. 5,420 shares of the company were exchanged, compared to its average volume of 23,159. The firm has a market cap of $168.72 million, a price-to-earnings ratio of 25.22, a PEG ratio of 1.16 and a beta of 0.36. The company has a 50 day moving average of $13.00 and a two-hundred day moving average of $12.01. Strawberry Fields REIT, Inc. has a 52-week low of $8.70 and a 52-week high of $14.00.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Nisa Investment Advisors LLC increased its position in Strawberry Fields REIT by 93.5% in the 3rd quarter. Nisa Investment Advisors LLC now owns 2,020 shares of the company’s stock valued at $25,000 after acquiring an additional 976 shares during the period. Hillsdale Investment Management Inc. increased its holdings in shares of Strawberry Fields REIT by 4.8% in the second quarter. Hillsdale Investment Management Inc. now owns 22,000 shares of the company’s stock valued at $232,000 after purchasing an additional 1,000 shares during the period. Bank of America Corp DE increased its holdings 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. Ameriprise Financial Inc. raised its stake in shares of Strawberry Fields REIT by 2.0% during the second quarter. Ameriprise Financial Inc. now owns 87,693 shares of the company’s stock worth $924,000 after purchasing an additional 1,757 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of 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 purchasing an additional 2,011 shares during the period.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Cantor Fitzgerald restated an “overweight” rating and issued a $15.00 price objective on shares of Strawberry Fields REIT in a report on Monday, January 5th. Zacks Research lowered Strawberry Fields REIT from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $12.88.

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.