Greg Flamion, CFO of Strawberry Fields REIT, Inc. (NASDAQ:STRW), recently purchased 200 shares of the company's common stock. The transaction was executed, on December 18, 2024, at a price of $9.86 per share, for a total of approximately $1,972. Following this acquisition, Flamion now directly owns 300 shares. The move signals continued interest in the company's stock from its financial leadership. Strawberry Fields REIT is a real estate investment trust based in South Bend, Indiana. The REIT's market cap of $557 million has shown strong performance, with gains of 45% year-to-date. InvestingPro The analysis shows that the stock currently offers a dividend yield of 5.26% and has raised the dividend for three consecutive years. Analysts maintain a bullish outlook, with price targets ranging from $13 to $15 per share. InvestingPro subscribers have access to 8 additional key insights into STRW's valuation and growth prospects.
In other recent news, Strawberry Fields REIT announced the appointment of three new independent directors to its board of directors. Stanford Gertz, Ted Lerman and Mark L. Myers have officially joined the company's board of directors. This move is part of the company's governance and oversight strategy, and these directors meet the independence requirements as set out in the NYSE's US listing standards.
The company did not disclose any transactions with related parties or other arrangements related to the new directors. Gertz, Lerman and Myers will receive compensation for their service on the board, although the details of compensation arrangements are not detailed.
In terms of financial health, Strawberry Fields REIT maintains a strong position, with a strong gross profit margin of 86.9% and revenue growth of 14.5% in the past twelve months. The company's healthy current ratio of 5.89 indicates strong liquidity. These recent developments are expected to impact the Company's future direction and oversight.
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