Strawberry Fields REIT (NASDAQ:STRW) Trading Down 0.2% – What’s Next?

Strawberry Fields REIT, Inc. (NASDAQ:STRW) fell 0.2% during trading on Thursday . The stock traded as low as $12.53 and last traded at $12.65. 17,449 shares changed hands during mid-day trading, a decline of 35% from the average session volume of 26,890 shares. The stock had previously closed at $12.68.

Analysts Set New Price Targets

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

Strawberry Fields REIT Trading Up 3.0%

The firm’s fifty day simple moving average is $13.09 and its 200 day simple moving average is $12.30. The company has a market cap of $170.95 million, a price-to-earnings ratio of 25.55, a PEG ratio of 1.16 and a beta of 0.36.

Hedge Funds Weigh In On Strawberry Fields REIT

Several large investors have recently bought and sold shares of the business. Nisa Investment Advisors LLC boosted its position in shares of Strawberry Fields REIT by 93.5% during the 3rd 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 stake in Strawberry Fields REIT during the third quarter worth approximately $44,000. Bank of America Corp DE lifted its stake in Strawberry Fields REIT by 52.9% during the fourth quarter. Bank of America Corp DE now owns 4,725 shares of the company’s stock worth $50,000 after purchasing an additional 1,634 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Strawberry Fields REIT by 58.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,431 shares of the company’s stock valued at $65,000 after purchasing an additional 2,011 shares in the last quarter. Finally, Copeland Capital Management LLC purchased a new position in Strawberry Fields REIT in the third quarter valued at approximately $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.