Bullish insiders bet CA$1.2m on SmartCentres Real Estate Investment Trust (TSE:SRU.UN)

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 SmartCentres Real Estate Investment Trust (TSE:SRU.UN), 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 do think it is perfectly logical to keep tabs on what insiders are doing.

View our latest analysis for SmartCentres Real Estate Investment Trust

The Last 12 Months Of Insider Transactions At SmartCentres Real Estate Investment Trust

In the last twelve months, the biggest single purchase by an insider was when Executive Chairman & CEO Mitchell Goldhar bought CA$642k worth of shares at a price of CA$25.58 per share. That implies that an insider found the current price of CA$26.15 per share to be enticing. That means they have been optimistic about the company in the past, even though they may have changed their minds. If someone buys shares at well below current prices, it’s a good sign on balance, but keep in mind they may no longer see value. The good news for SmartCentres Real Estate Investment Trust share holders is that insiders were buying at near the current price.

SmartCentres 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 want to know exactly who sold, for how much, and when, simply click on the graph below!



SmartCentres Real Estate Investment Trust is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.

Does SmartCentres Real Estate Investment Trust Boast High Insider Ownership?

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. We usually like to see fairly high levels of insider ownership. It’s great to see that SmartCentres Real Estate Investment Trust insiders own 8.9% of the company, worth about CA$401m. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.

So What Does This Data Suggest About SmartCentres Real Estate Investment Trust Insiders?

It doesn’t really mean much that no insider has traded SmartCentres Real Estate Investment Trust shares in the last quarter. However, our analysis of transactions over the last year is heartening. With high insider ownership and encouraging transactions, it seems like SmartCentres Real Estate Investment Trust, insiders think the business has merit. In addition to knowing about insider transactions going on, it’s beneficial to identify the risks facing SmartCentres Real Estate Investment Trust. When we did our research, we found 2 warning signs for SmartCentres Real Estate Investment Trust (1 doesn’t sit too well with us!) that we believe deserve your full attention.

But note: SmartCentres Real Estate Investment Trust may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE 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.

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