Whilst it may not be a huge deal, we thought it was good to see that the CT Real Estate Investment Trust (TSE:CRT.UN) Chief Operating Officer, Kevin Salsberg, recently bought CA$65k worth of stock, for CA$15.25 per share. While we’re hesitant to get too excited about a purchase of that size, we do note it increased their holding by a solid 22%.
The Last 12 Months Of Insider Transactions At CT Real Estate Investment Trust
In fact, the recent purchase by Kevin Salsberg was the biggest purchase of CT Real Estate Investment Trust shares made by an insider individual in the last twelve months, according to our records. That means that even when the share price was higher than CA$14.18 (the recent price), an insider wanted to purchase shares. 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. We always take careful note of the price insiders pay when purchasing shares. Generally speaking, it catches our eye when insiders have purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price.
CT Real Estate Investment Trust insiders may have bought shares in the last year, but they didn’t sell any. You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).
Does CT Real Estate Investment Trust Boast High Insider Ownership?
Many investors like to check how much of a company is owned by insiders. I reckon it’s a good sign if insiders own a significant number of shares in the company. From looking at our data, insiders own CA$2.4m worth of CT Real Estate Investment Trust stock, about 0.07% of the company. I generally like to see higher levels of ownership.
So What Do The CT Real Estate Investment Trust Insider Transactions Indicate?
The recent insider purchase is heartening. We also take confidence from the longer term picture of insider transactions. We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that CT Real Estate Investment Trust insiders are expecting a bright future. In addition to knowing about insider transactions going on, it’s beneficial to identify the risks facing CT Real Estate Investment Trust. For example – CT Real Estate Investment Trust has 2 warning signs we think you should be aware of.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.
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.
If you spot an error that warrants correction, please contact the editor at email@example.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned.
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