Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW - Get Free Report) 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 shares were sold at an average price of $10.25, for a total transaction of $2,050,000.00. Following the completion of the transaction, the insider now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own 10% or more of a company's shares are required to disclose their sales and purchases with the SEC.
Strawberry Fields REIT Trading Down 24.3 %
STRW opened at $9.40 on Friday. The firm has a market capitalization of $70.31 million, a P/E ratio of 18.43 and a beta of 0.22. Strawberry Fields REIT, Inc. has a 12 month low of $6.56 and a 12 month 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. Stockholders of record on Monday, December 16th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 5.96%. This is a positive change from Strawberry Fields REIT's previous quarterly dividend of $0.13. The ex-dividend date is Monday, December 16th. Strawberry Fields REIT's payout ratio is 101.96%.
Institutional Inflows and Outflows
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Several institutional investors and hedge funds have recently modified their holdings of the company. Rhumbline Advisers bought a new stake in shares of Strawberry Fields REIT in the second quarter worth $57,000. Duncan Williams Asset Management LLC bought a new stake in Strawberry Fields REIT during the 3rd quarter worth about $192,000. Allspring Global Investments Holdings LLC bought a new stake in Strawberry Fields REIT during the 3rd quarter worth about $45,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Strawberry Fields REIT by 20.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 16,174 shares of the company's stock worth $205,000 after buying an additional 2,774 shares during the last quarter. Finally, State Street Corp grew its holdings in shares of Strawberry Fields REIT by 4.1% in the 3rd quarter. State Street Corp now owns 45,998 shares of the company's stock valued at $584,000 after acquiring an additional 1,796 shares in the last quarter.
About Strawberry Fields REIT
(
Get Free Report)
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.
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