Those following along with Choice Properties Real Estate Investment Trust (TSE:CHP.UN) will no doubt be intrigued by the recent purchase of shares by Rael Diamond, President & CEO of the company, who spent a stonking CA$1.5m on stock at an average price of CA$14.38. Not only is that a big swing, but it increased their holding size by 14%, which is definitely great to see.
Choice Properties Real Estate Investment Trust Insider Transactions Over The Last Year
In fact, the recent purchase by Rael Diamond was the biggest purchase of Choice Properties Real Estate Investment Trust shares made by an insider individual in the last twelve months, according to our records. That means that an insider was happy to buy shares at around the current price of CA$15.12. That means they have been optimistic about the company in the past, though they may have changed their mind. 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. Happily, the Choice Properties Real Estate Investment Trust insiders decided to buy shares at close to current prices.
In the last twelve months insiders purchased 239.07k shares for CA$3.5m. But insiders sold 5.00k shares worth CA$75k. In total, Choice Properties Real Estate Investment Trust insiders bought more than they sold over the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. A high insider ownership often makes company leadership more mindful of shareholder interests. Choice Properties Real Estate Investment Trust insiders own about CA$22m worth of shares. That equates to 0.2% of the company. We’ve certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
So What Do The Choice Properties Real Estate Investment Trust Insider Transactions Indicate?
It’s certainly positive to see the recent insider purchases. We also take confidence from the longer term picture of insider transactions. Insiders likely see value in Choice Properties Real Estate Investment Trust shares, given these transactions (along with notable insider ownership of the company). In addition to knowing about insider transactions going on, it’s beneficial to identify the risks facing Choice Properties Real Estate Investment Trust. To that end, you should learn about the 4 warning signs we’ve spotted with Choice Properties Real Estate Investment Trust (including 1 which is potentially serious).
Of course Choice Properties Real Estate Investment Trust may not be the best stock to buy. So you may wish to see this free collection of high quality 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.
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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.