MYDA Advisors LLC Acquires New Shares in Strawberry Fields REIT, Inc. (NASDAQ:STRW)

MYDA Advisors LLC bought a new position in Strawberry Fields REIT, Inc. (NASDAQ:STRW) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 120,000 shares of the company’s stock, valued at approximately $1,265,000. MYDA Advisors LLC owned 1.60% of Strawberry Fields REIT at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Wells Fargo & Company MN grew its position in shares of Strawberry Fields REIT by 39.6% during the fourth quarter. Wells Fargo & Company MN now owns 3,902 shares of the company’s stock worth $41,000 after acquiring an additional 1,107 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in Strawberry Fields REIT during the 4th quarter valued at about $109,000. HGI Capital Management LLC bought a new position in Strawberry Fields REIT in the 4th quarter worth about $163,000. JPMorgan Chase & Co. increased its stake in shares of Strawberry Fields REIT by 143.5% in the fourth quarter. JPMorgan Chase & Co. now owns 23,305 shares of the company’s stock valued at $246,000 after purchasing an additional 13,733 shares during the period. Finally, Hillsdale Investment Management Inc. bought a new stake in shares of Strawberry Fields REIT during the fourth quarter valued at approximately $274,000.

Strawberry Fields REIT Trading Up 4.6 %

Shares of NASDAQ:STRW opened at $10.97 on Friday. The stock has a 50 day moving average of $11.59. The firm has a market cap of $134.43 million, a price-to-earnings ratio of 21.51, a P/E/G ratio of 1.16 and a beta of 0.38. Strawberry Fields REIT, Inc. has a twelve month low of $8.29 and a twelve month high of $12.90.

Strawberry Fields REIT Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 5.10%. The ex-dividend date of this dividend was Monday, March 17th. Strawberry Fields REIT’s payout ratio is presently 98.25%.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Compass Point set a $14.00 target price on Strawberry Fields REIT in a research report on Wednesday, January 15th. Wedbush raised their price target on Strawberry Fields REIT from $12.00 to $14.00 and gave the company an “outperform” rating in a report on Wednesday, March 5th.

Insiders Place Their Bets

In other news, Director Michael Blisko bought 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 8th. The shares were acquired at an average price of $9.25 per share, with a total value of $92,500.00. Following the transaction, the director now owns 314,582 shares in the company, valued at $2,909,883.50. This represents a 3.28 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 10.60% of the company’s stock.

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.