Strawberry Fields REIT (NASDAQ:STRW) Stock Rating Lowered by Zacks Research

Strawberry Fields REIT (NASDAQ:STRW) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Wednesday,Zacks.com reports.

Separately, Cantor Fitzgerald began coverage on shares of Strawberry Fields REIT in a report on Wednesday, October 1st. They issued an “overweight” rating and a $14.00 price objective on the stock. One investment 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 stock. According to data from MarketBeat, Strawberry Fields REIT currently has an average rating of “Moderate Buy” and a consensus target price of $12.55.

Strawberry Fields REIT Price Performance

Shares of Strawberry Fields REIT stock opened at $11.55 on Wednesday. The company has a 50-day moving average of $11.88 and a 200 day moving average of $11.04. The firm has a market cap of $150.07 million, a price-to-earnings ratio of 22.65, a PEG ratio of 1.16 and a beta of 0.41. Strawberry Fields REIT has a 1 year low of $8.70 and a 1 year high of $12.84.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Bank of America Corp DE increased its holdings in 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 worth $50,000 after buying an additional 1,634 shares in the last quarter. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Strawberry Fields REIT in the first quarter worth approximately $237,000. Bank of New York Mellon Corp raised its holdings in shares of Strawberry Fields REIT by 76.2% during the first quarter. Bank of New York Mellon Corp now owns 18,220 shares of the company’s stock valued at $217,000 after purchasing an additional 7,880 shares during the last quarter. CWM LLC lifted its position in Strawberry Fields REIT by 36,616.7% during the first quarter. CWM LLC now owns 2,203 shares of the company’s stock valued at $26,000 after purchasing an additional 2,197 shares during the period. Finally, Segall Bryant & Hamill LLC bought a new position in Strawberry Fields REIT during the first quarter valued at approximately $1,264,000.

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.