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Strawberry fields REIT CFO Greg Flamion buys $1,972 in shares

Published 12/23/2024, 05:02 PM
STRW
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Greg Flamion, the Chief Financial Officer of Strawberry Fields REIT, Inc. (NASDAQ:STRW), recently purchased 200 shares of the company's common stock. The transaction, dated December 18, 2024, was executed at a price of $9.86 per share, totaling approximately $1,972. Following this acquisition, Flamion now holds 300 shares directly. This move signals a continued interest in the company's stock by its financial leadership. Strawberry Fields REIT is a real estate investment trust based in South Bend, Indiana.The $557 million market cap REIT has demonstrated strong performance, with a 45% gain year-to-date. InvestingPro analysis shows the stock currently offers a 5.26% dividend yield and has raised dividends 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 about STRW's valuation and growth prospects.

In other recent news, Strawberry Fields REIT has announced the appointment of three new independent directors to its board. 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 satisfy the independence requirements as outlined by the NYSE American listing standards.

The company has not disclosed any related party transactions or other arrangements involving the new directors. Gertz, Lerman, and Myers will receive remuneration for their service on the board, although the specifics of the compensation arrangement have not been detailed.

In terms of financial health, Strawberry Fields REIT maintains a strong position, with a robust 86.9% gross profit margin and 14.5% revenue growth in the last twelve months. The company's healthy current ratio of 5.89 indicates solid liquidity. These recent developments are expected to potentially influence the company's future direction and oversight.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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