Insider Buying: The SmartCentres Real Estate Investment Trust (TSE:SRU.UN) Executive Chairman Just Bought CA$690k Worth Of Shares

SmartCentres Real Estate Investment Trust (TSE: SRU.UN) Shareholders (or potential shareholders) will be pleased to see that CEO Mitchell Goldhar recently purchased CA $ 690,000 worth of shares at CA $ 22.99. While this only increased their holding company size by 0.2%, it’s still a big turnaround by our standards.

Check out our latest analysis for SmartCentres Real Estate Investment Trust

The last 12 months of insider trading at SmartCentres Real Estate Investment Trust

In particular, CEO Mitchell Goldhar’s recent purchase wasn’t the only time they bought shares in SmartCentres Real Estate Investment Trust this year. Earlier this year they paid CA $ 20.63 per share on a purchase of CA $ 3.1 million. This means that an insider found the current price of CA $ 23.22 per share tempting. That said, they’ve been optimistic about the company in the past, although they may have changed their minds. We always like to see insider buying, but it’s worth noting if those purchases were made well below today’s share price, as the discount may have narrowed as the price has risen. The good news for shareholders of SmartCentres Real Estate Investment Trust is that insiders bought close to current price.

In the past year, we’ve seen insiders buy 1.09 million shares worth CA $ 23 million. However, insiders sold 272.00 shares valued at CA $ 8.8,000. Overall, SmartCentres Real Estate Investment Trust insiders were net buyers last year. The following table shows the insider transactions (by companies and individuals) over the past year. If you want to know exactly who sold how much and when, just click on the graphic below!

TSX: SRU.UN insider trading volume December 27, 2020

SmartCentres Real Estate Investment Trust isn’t the only stock insiders are buying. For those who like to find Attract investments these free List of growing companies with recent insider buying could be just the ticket.

Inside ownership

Many investors like to examine how much of a company is owned by insiders. A high level of insider participation often means that management takes greater account of the interests of shareholders. It’s nice to see that SmartCentres Real Estate Investment Trust insiders own 8.9% of the company, valued at approximately CA $ 355 million. This type of significant insider involvement generally increases the likelihood that the company will be run in the interests of all shareholders.

What does this data suggest to SmartCentres Real Estate Investment Trust insiders?

It is certainly positive to see the recent insider buy. An analysis of last year’s transactions also gives us confidence. Together with the high level of insider participation, this analysis suggests that insiders are fairly optimistic about the SmartCentres Real Estate Investment Trust. At least one for the watchlist! In addition to knowing about ongoing insider transactions, it is beneficial to identify the risks that SmartCentres Real Estate Investment Trust is exposed to. To aid this, we discovered 4 warning signs (2 shouldn’t be ignored!) Things to Consider Before Buying Shares in SmartCentres Real Estate Investment Trust.

Sure You could find a fantastic investment looking elsewhere. So take a look at it 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 consider open market transactions and private sales, but not derivative transactions.

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This article from Simply Wall St is of a general nature. It is not a recommendation to buy or sell stocks and does not take into account your goals or your financial situation. We want to provide you with a long-term, focused analysis based on fundamental data. Note that our analysis may not take into account the latest price sensitive company announcements or quality materials. Simply Wall St has no position in the stocks mentioned.
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