Zacks Research Lowers Strawberry Fields REIT Rating to Hold

Strawberry Fields REIT (NASDAQ: STRW) received a downgrade from Zacks Research, shifting from a “strong-buy” rating to a “hold” rating, as reported on October 1, 2023. This downgrade reflects changing market conditions and investor sentiment surrounding the company’s stock.

In a separate report, Cantor Fitzgerald initiated coverage of Strawberry Fields REIT, providing an “overweight” rating along with a price target of $14.00. Currently, the stock holds a mixed reception among analysts. According to data from MarketBeat.com, one analyst rates it as a Strong Buy, another has issued a Buy rating, and two analysts recommend holding the stock. The consensus rating stands at “Moderate Buy,” with an average target price of $12.55.

Institutional Investors Adjust Positions

Several institutional investors and hedge funds have made significant changes to their investments in Strawberry Fields REIT recently. Nisa Investment Advisors LLC increased its holdings by 93.5% in the third quarter, acquiring an additional 976 shares. This boosted their total to 2,020 shares, valued at approximately $25,000.

CWM LLC made a remarkable increase, raising its stake by 36,616.7% during the first quarter. They now own 2,203 shares of the company, worth around $26,000, after adding 2,197 shares to their portfolio. Additionally, Corebridge Financial Inc. grew its holdings by 48.0%, now possessing 4,570 shares valued at $54,000 after acquiring 1,482 shares.

Bank of America Corp DE also increased its stake, growing its holdings by 52.9% in the fourth quarter. They now own 4,725 shares valued at about $50,000 after purchasing an additional 1,634 shares. US Bancorp DE entered the market with a new position in Strawberry Fields REIT, investing approximately $60,000 during the first quarter.

About Strawberry Fields REIT

Founded in 2014 by Moishe Gubin, Strawberry Fields REIT, Inc. specializes in the ownership, acquisition, development, and leasing of skilled nursing and other healthcare-related properties. The company is headquartered in South Bend, IN, and has aimed to expand its footprint in the healthcare real estate sector.

As investment sentiment fluctuates, stakeholders will be closely monitoring the performance of Strawberry Fields REIT, especially in light of recent rating changes and institutional interest. For ongoing updates, interested parties can subscribe to MarketBeat.com’s daily newsletter for concise summaries of news and analysts’ insights related to Strawberry Fields REIT and similar companies.