Strawberry Fields REIT initiated with a Buy at Lake Street

Lake Street analyst Mark Smith initiated coverage of Strawberry Fields REIT (STRW) with a Buy rating and $13.50 price target Strawberry Fields is focused on skilled nursing facilities, long-term acute care centers, and assisted living facilities, notes the firm, which thinks “macroeconomic trends in the industry are attractive and will remain so for many decades.” The firm thinks shares are attractively valued and there is ample opportunity for growth, the analyst added.