Strawberry Fields REIT, Inc. $STRW Shares Bought by Lazard Asset Management LLC

Lazard Asset Management LLC raised its stake in Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) by 181.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 55,418 shares of the company’s stock after buying an additional 35,705 shares during the period. Lazard Asset Management LLC owned approximately 0.41% of Strawberry Fields REIT worth $659,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Barclays PLC boosted its stake in shares of Strawberry Fields REIT by 14.3% during the 4th quarter. Barclays PLC now owns 11,936 shares of the company’s stock worth $156,000 after acquiring an additional 1,489 shares in the last quarter. Bank of America Corp DE increased its stake 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 valued at $50,000 after purchasing an additional 1,634 shares in the last quarter. Ameriprise Financial Inc. increased its stake in Strawberry Fields REIT by 2.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 87,693 shares of the company’s stock valued at $924,000 after purchasing an additional 1,757 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Strawberry Fields REIT by 58.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,431 shares of the company’s stock worth $65,000 after purchasing an additional 2,011 shares during the last quarter. Finally, Rhumbline Advisers raised its holdings in Strawberry Fields REIT by 39.5% during the first quarter. Rhumbline Advisers now owns 7,412 shares of the company’s stock worth $88,000 after purchasing an additional 2,098 shares during the last quarter.

Wall Street Analysts Forecast Growth

STRW has been the topic of several research reports. Alliance Global Partners reissued a “buy” rating on shares of Strawberry Fields REIT in a report on Friday, May 8th. B. Riley Financial reaffirmed a “neutral” rating and set a $14.50 price target (up from $13.50) on shares of Strawberry Fields REIT in a research note on Wednesday, July 22nd. Cantor Fitzgerald reiterated an “overweight” rating and issued a $15.00 price objective on shares of Strawberry Fields REIT in a research report on Monday, May 11th. Finally, Zacks Research upgraded shares of Strawberry Fields REIT to a “hold” rating in a report on Wednesday, April 22nd. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $15.17.

Strawberry Fields REIT Stock Performance

Strawberry Fields REIT stock opened at $14.44 on Friday. The stock has a fifty day moving average of $13.64 and a two-hundred day moving average of $13.10. The company has a market capitalization of $193.93 million, a price-to-earnings ratio of 22.22 and a beta of 0.41. Strawberry Fields REIT, Inc. has a fifty-two week low of $10.00 and a fifty-two week high of $14.75.

Strawberry Fields REIT (NYSEAMERICAN:STRW) last issued its quarterly earnings data on Friday, May 8th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.02. The business had revenue of $39.98 million for the quarter, compared to the consensus estimate of $40.28 million. Strawberry Fields REIT had a return on equity of 14.36% and a net margin of 5.25%. On average, analysts forecast that Strawberry Fields REIT, Inc. will post 1.4 EPS for the current fiscal year.

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. The 109 healthcare facilities comprise 99 skilled nursing facilities, eight assisted living facilities, and two long-term acute care hospitals.