Quite a few insiders invested in Parkway Life Real Estate Investment Trust (SGX:C2PU) last year which is positive news for shareholders
Generally, when a single insider buys stock, it’s usually not a big deal. However, when several insiders are buying, like in the case of Parkway Life Real Estate Investment Trust (SGX:C2PU), it sends a favorable message to the company’s shareholders.
While insider transactions are not the most important thing when it comes to long-term investing, we would consider it foolish to ignore insider transactions altogether.
Check out our latest analysis for Parkway Life Real Estate Investment Trust
Parkway Life Real Estate Investment Trust Insider Transactions Over The Last Year
The Non-Executive Director of Parkway Trust Management Limited Joerg Ayrle made the biggest insider purchase in the last 12 months. That single transaction was for S$136k worth of shares at a price of S$4.70 each. So it’s clear an insider wanted to buy, at around the current price, which is S$4.87. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company’s future. While we always like to see insider buying, it’s less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. Happily, the Parkway Life Real Estate Investment Trust insiders decided to buy shares at close to current prices.
Parkway Life Real Estate Investment Trust insiders may have bought shares in the last year, but they didn’t sell any. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
SGX:C2PU Insider Trading Volume June 30th 2022
Parkway Life Real Estate Investment Trust is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Insider Ownership of Parkway Life Real Estate Investment Trust
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. I reckon it’s a good sign if insiders own a significant number of shares in the company. Our data suggests Parkway Life Real Estate Investment Trust insiders own 0.2% of the company, worth about S$5.2m. But they may have an indirect interest through a corporate structure that we haven’t picked up on. We prefer to see high levels of insider ownership.
What Might The Insider Transactions At Parkway Life Real Estate Investment Trust Tell Us?
The fact that there have been no Parkway Life Real Estate Investment Trust insider transactions recently certainly doesn’t bother us. On a brighter note, the transactions over the last year are encouraging. The transactions are fine but it’d be more encouraging if Parkway Life Real Estate Investment Trust insiders bought more shares in the company. In addition to knowing about insider transactions going on, it’s beneficial to identify the risks facing Parkway Life Real Estate Investment Trust. For instance, we’ve identified 3 warning signs for Parkway Life Real Estate Investment Trust (2 shouldn’t be ignored) you should be aware of.
If you would prefer to check out another company — one with potentially superior financials — then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.