Strawberry Fields REIT (NYSEAMERICAN:STRW) Shares Down 2.8% – Should You Sell?

Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW)’s stock price fell 2.8% on Monday . The company traded as low as $12.16 and last traded at $12.31. 58,075 shares were traded during trading, an increase of 268% from the average session volume of 15,793 shares. The stock had previously closed at $12.66.

Strawberry Fields REIT Price Performance

The stock has a market capitalization of $92.90 million, a price-to-earnings ratio of 24.35 and a beta of 0.22.

Strawberry Fields REIT Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 16th will be given a $0.14 dividend. The ex-dividend date is Monday, December 16th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.51%. This is a boost from Strawberry Fields REIT’s previous quarterly dividend of $0.13. Strawberry Fields REIT’s dividend payout ratio (DPR) is presently 101.96%.

Hedge Funds Weigh In On Strawberry Fields REIT

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Rhumbline Advisers purchased a new position in shares of Strawberry Fields REIT during the 2nd quarter valued at $57,000. Allspring Global Investments Holdings LLC bought a new position in shares of Strawberry Fields REIT during the 3rd quarter valued at about $45,000. Duncan Williams Asset Management LLC bought a new position in shares of Strawberry Fields REIT during the 3rd quarter valued at about $192,000. Barclays PLC boosted its holdings in Strawberry Fields REIT by 302.3% during the 3rd quarter. Barclays PLC now owns 8,697 shares of the company’s stock valued at $110,000 after acquiring an additional 6,535 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in Strawberry Fields REIT by 14.1% during the 3rd quarter. Geode Capital Management LLC now owns 98,445 shares of the company’s stock valued at $1,249,000 after acquiring an additional 12,129 shares during the period.

Strawberry Fields REIT Company Profile

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.