Insider Selling: Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) Major Shareholder Sells 200,000 Shares of Stock

Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) major shareholder Alyeska Investment Group, L.P. sold 200,000 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $10.25, for a total transaction of $2,050,000.00. Following the transaction, the insider now directly owns 1,050,000 shares of the company’s stock, valued at $10,762,500. This trade represents a 16.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Strawberry Fields REIT Stock Down 24.3 %

Shares of NYSEAMERICAN STRW traded down $3.02 during trading on Thursday, hitting $9.40. 1,531,002 shares of the company traded hands, compared to its average volume of 23,417. The stock has a market capitalization of $70.31 million, a PE ratio of 1.36 and a beta of 0.22. Strawberry Fields REIT, Inc. has a 1 year low of $6.56 and a 1 year high of $12.90.

Strawberry Fields REIT Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 16th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Monday, December 16th. This is a positive change from Strawberry Fields REIT’s previous quarterly dividend of $0.13. This represents a $0.56 annualized dividend and a yield of 5.96%. Strawberry Fields REIT’s dividend payout ratio is currently 101.96%.

Hedge Funds Weigh In On Strawberry Fields REIT

Several hedge funds and other institutional investors have recently modified their holdings of STRW. Duncan Williams Asset Management LLC acquired a new stake in Strawberry Fields REIT during the 3rd quarter worth approximately $192,000. Geode Capital Management LLC increased its position in shares of Strawberry Fields REIT by 14.1% in the third quarter. Geode Capital Management LLC now owns 98,445 shares of the company’s stock worth $1,249,000 after acquiring an additional 12,129 shares in the last quarter. Barclays PLC raised its stake in shares of Strawberry Fields REIT by 302.3% in 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. Rhumbline Advisers acquired a new position in shares of Strawberry Fields REIT during the 2nd quarter valued at $57,000. Finally, Allspring Global Investments Holdings LLC purchased a new stake in Strawberry Fields REIT during the 3rd quarter worth $45,000.

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.