Hillsdale Investment Management Inc. Makes New $274,000 Investment in Strawberry Fields REIT, Inc. (NASDAQ:STRW)

Hillsdale Investment Management Inc. bought a new stake in Strawberry Fields REIT, Inc. (NASDAQ:STRW) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 26,000 shares of the company’s stock, valued at approximately $274,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. White Pine Capital LLC purchased a new position in Strawberry Fields REIT in the fourth quarter valued at approximately $748,000. State of New Jersey Common Pension Fund D bought a new stake in shares of Strawberry Fields REIT in the fourth quarter valued at $1,354,000. Bank of New York Mellon Corp purchased a new position in shares of Strawberry Fields REIT during the 4th quarter valued at $109,000. Finally, First Eagle Investment Management LLC bought a new position in shares of Strawberry Fields REIT during the 4th quarter worth $528,000.

Analyst Ratings Changes

A number of brokerages have weighed in on STRW. Compass Point set a $14.00 target price on shares of Strawberry Fields REIT in a research report on Wednesday, January 15th. Wedbush increased their price target on shares of Strawberry Fields REIT from $12.00 to $14.00 and gave the stock an “outperform” rating in a report on Wednesday, March 5th.

Strawberry Fields REIT Price Performance

STRW opened at $11.86 on Tuesday. Strawberry Fields REIT, Inc. has a one year low of $7.59 and a one year high of $12.90. The stock has a market cap of $88.72 million, a price-to-earnings ratio of 23.26, a P/E/G ratio of 1.16 and a beta of 0.47. The firm’s fifty day moving average price is $11.74.

Strawberry Fields REIT Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.56 dividend on an annualized basis and a yield of 4.72%. Strawberry Fields REIT’s dividend payout ratio is currently 98.25%.

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.