Strawberry Fields REIT initiated with a Buy at Alliance Global Partners

Alliance Global Partners initiated coverage of Strawberry Fields REIT with a Buy rating and $13 price target. The real estate investment trust is focused on Skilled Nursing Facilities, or SNFs, Long Term Acute Care Hospitals, or LTACHs, and Assisted Living Facilities, or ALFs, notes the analyst, whose Buy rating is driven by favorable long-term industry dynamics, the REIT’s opportunity to grow through acquisitions and a well-covered common dividend.