Analysts Set Strawberry Fields REIT, Inc. (NASDAQ:STRW) PT at $12.88

Strawberry Fields REIT, Inc. (NASDAQ:STRW) has received an average rating of “Moderate Buy” from the six ratings firms that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $13.6625.

Several analysts recently issued reports on STRW shares. Cantor Fitzgerald reiterated an “overweight” rating and set a $15.00 target price on shares of Strawberry Fields REIT in a research report on Monday, January 5th. Zacks Research lowered shares of Strawberry Fields REIT from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 5th. Lake Street Capital reiterated a “buy” rating and set a $16.00 price objective on shares of Strawberry Fields REIT in a research report on Monday, February 23rd. Finally, Alliance Global Partners restated a “buy” rating on shares of Strawberry Fields REIT in a research report on Friday, February 20th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. First Eagle Investment Management LLC lifted its position in shares of Strawberry Fields REIT by 8.4% in the fourth quarter. First Eagle Investment Management LLC now owns 325,589 shares of the company’s stock worth $4,265,000 after buying an additional 25,205 shares in the last quarter. Diamond Hill Capital Management Inc. increased its stake in Strawberry Fields REIT by 9.9% in the 4th quarter. Diamond Hill Capital Management Inc. now owns 203,816 shares of the company’s stock worth $2,670,000 after acquiring an additional 18,415 shares during the last quarter. State of New Jersey Common Pension Fund D raised its holdings in shares of Strawberry Fields REIT by 2.9% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 178,000 shares of the company’s stock worth $2,189,000 after acquiring an additional 5,000 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Strawberry Fields REIT by 4.2% during the 4th quarter. Geode Capital Management LLC now owns 172,839 shares of the company’s stock worth $2,265,000 after acquiring an additional 6,969 shares in the last quarter. Finally, State Street Corp boosted its position in shares of Strawberry Fields REIT by 2.6% during the 4th quarter. State Street Corp now owns 169,865 shares of the company’s stock valued at $2,225,000 after acquiring an additional 4,380 shares during the last quarter.

Strawberry Fields REIT Stock Performance

Shares of STRW stock opened at $12.80 on Monday. The stock has a fifty day simple moving average of $13.02 and a two-hundred day simple moving average of $12.41. The firm has a market capitalization of $167.94 million, a PE ratio of 25.10, a PEG ratio of 1.16 and a beta of 0.36. Strawberry Fields REIT has a 52-week low of $8.70 and a 52-week high of $14.00.

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.