Insider Buying: Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) Director Purchases 9,800 Shares of Stock

Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) Director Michael Blisko purchased 9,800 shares of Strawberry Fields REIT stock in a transaction on Thursday, December 19th. The shares were purchased at an average cost of $10.25 per share, with a total value of $100,450.00. Following the transaction, the director now owns 224,680 shares in the company, valued at approximately $2,302,970. The trade was a 4.56 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Michael Blisko also recently made the following trade(s):

• On Thursday, December 12th, Michael Blisko purchased 9,600 shares of Strawberry Fields REIT stock. The stock was acquired at an average price of $10.35 per share, for a total transaction of $99,360.00.

Strawberry Fields REIT Stock Up 0.2 %

NYSEAMERICAN:STRW opened at $10.62 on Wednesday. Strawberry Fields REIT, Inc. has a 12 month low of $6.56 and a 12 month high of $12.90. The firm has a market capitalization of $79.44 million, a price-to-earnings ratio of 20.82 and a beta of 0.22.

Strawberry Fields REIT Increases Dividend

The business also recently disclosed 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 is a positive change from Strawberry Fields REIT’s previous quarterly dividend of $0.13. The ex-dividend date is Monday, December 16th. This represents a $0.56 annualized dividend and a yield of 5.27%. Strawberry Fields REIT’s payout ratio is currently 101.96%.

Wall Street Analyst Weigh In

Separately, Janney Montgomery Scott began coverage on shares of Strawberry Fields REIT in a report on Wednesday, December 18th. They set a “buy” rating and a $12.50 target price on the stock.

Institutional Trading of Strawberry Fields REIT

Several hedge funds and other institutional investors have recently modified their holdings of STRW. Rhumbline Advisers bought a new stake in shares of Strawberry Fields REIT in the second quarter worth about $57,000. Duncan Williams Asset Management LLC bought a new position in Strawberry Fields REIT in the third quarter worth $192,000. Allspring Global Investments Holdings LLC bought a new stake in Strawberry Fields REIT during the third quarter worth about $45,000. Charles Schwab Investment Management Inc. grew its stake in shares of Strawberry Fields REIT by 20.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 16,174 shares of the company’s stock worth $205,000 after buying an additional 2,774 shares during the last quarter. Finally, State Street Corp increased its holdings in shares of Strawberry Fields REIT by 4.1% during the third 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 in the last quarter.

About Strawberry Fields REIT

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.