Strawberry Fields REIT (NASDAQ:STRW) Shares Down 1.5% – Time to Sell?

Shares of Strawberry Fields REIT, Inc. (NASDAQ:STRW) traded down 1.5% during mid-day trading on Thursday . The stock traded as low as $13.07 and last traded at $13.11. 28,039 shares were traded during trading, a decline of 47% from the average session volume of 52,433 shares. The stock had previously closed at $13.31.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Zacks Research lowered shares of Strawberry Fields REIT from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 5th. Cantor Fitzgerald initiated coverage on Strawberry Fields REIT in a report on Wednesday, October 1st. They issued an “overweight” rating and a $14.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Strawberry Fields REIT has an average rating of “Moderate Buy” and an average target price of $12.55.

Strawberry Fields REIT Price Performance

The firm has a 50-day moving average of $12.19 and a 200 day moving average of $11.49. The stock has a market capitalization of $174.63 million, a price-to-earnings ratio of 26.10, a PEG ratio of 1.16 and a beta of 0.38.

Institutional Investors Weigh In On Strawberry Fields REIT

Several large investors have recently made changes to their positions in the stock. Nisa Investment Advisors LLC increased its holdings in Strawberry Fields REIT by 93.5% during the third quarter. Nisa Investment Advisors LLC now owns 2,020 shares of the company’s stock worth $25,000 after buying an additional 976 shares during the last quarter. Wexford Capital LP bought a new position in shares of Strawberry Fields REIT in the 3rd quarter valued at about $44,000. Bank of America Corp DE grew its position in shares of Strawberry Fields REIT by 52.9% in the 4th quarter. Bank of America Corp DE now owns 4,725 shares of the company’s stock valued at $50,000 after acquiring an additional 1,634 shares during the period. Corebridge Financial Inc. increased its stake in shares of Strawberry Fields REIT by 48.0% during the 1st quarter. Corebridge Financial Inc. now owns 4,570 shares of the company’s stock worth $54,000 after purchasing an additional 1,482 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Strawberry Fields REIT by 58.8% in the 1st 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 during the period.

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.