Bullish insiders bet CA$5.6m on SmartCentres Real Estate Investment Trust (TSE:SRU.UN)
Quite a few insiders have their stocks in SmartCenters Real Estate Investment Trust (TSE: SRU.UN) in the last 12 months. An insider’s optimism about the company’s prospects is a positive sign.
While insider trading isn’t the most important thing in long-term investing, logically, you should be careful about whether insiders are buying or selling stocks.
Check out our latest analysis for SmartCentres Real Estate Investment Trust
SmartCentres Real Estate Investment Trust insider deals last year
The insider’s biggest single purchase in the past twelve months was when CEO & Executive Chairman Mitchell Goldhar bought shares for $ 1.9 million at a price of $ 20.69 per share. While we love to see inside buying, we find that this large purchase was well below its most recent price of $ 30.77. Since the shares were bought at a lower price, that purchase doesn’t tell us much about how insiders view the current share price.
Last year we saw insiders buy 274,40,000 shares valued at $ 5.6 million. On the other hand, they sold 11.60 thousand shares for 339 thousand CAD. Overall, SmartCentres Real Estate Investment Trust insiders were net buyers last year. You can see insider transactions (by companies and individuals) over the past year in the graph below. If you click on the graphic below, you can see the exact details of each Insider Transaction!
TSX: SRU.UN insider trading volume September 19, 2021
There are always plenty of stocks that insiders buy. So if that suits your style, you can check out or take a look at each stock individually for free List of companies. (Note: Insiders bought them).
Does SmartCentres Real Estate Investment Trust have high insider ownership?
I like to look at how many stocks insiders own in a company to give my opinion on how closely they are connected to insiders. As a rule, the higher the insider share, the more likely it is that insiders have an incentive to build the company over the long term. SmartCentres Real Estate Investment Trust insiders own shares valued at approximately CA $ 469 million (8.9% of the company). This type of significant insider ownership usually increases the chance that the company will be run in the interests of all shareholders.
What do the insider transactions of the SmartCentres Real Estate Investment Trust show?
We certainly don’t mind that there have been no insider transactions by the SmartCentres Real Estate Investment Trust recently. Fortunately, last year’s transactions are encouraging. It would be great to see more insider buying, but overall it seems that the insiders at SmartCentres Real Estate Investment Trust are reasonably well positioned (they own a significant portion of the company’s stock) and are optimistic about the future. So, these insider deals can help us form a thesis about the stock, but it is also worth knowing the risks this company faces. When we did our research, we found 3 warning signs for SmartCentres Real Estate Investment Trust (2 don’t sit too well with us!) Which we believe deserve your full attention.
Naturally, You could find a fantastic investment by looking elsewhere. So check this out for free List of interesting companies.
For the purposes of this article, insiders are persons who report their transactions to the competent supervisory authority. We currently account for open market transactions and private dispositions, but no derivative transactions.
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