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%.
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. So it’s clear an insider wanted to buy, even at a higher price than the current share price (being CA$14.18). It’s very possible they regret the purchase, but it’s more likely they are bullish about the company. In our view, the price an insider pays for shares is very important. 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.
In the last twelve months CT Real Estate Investment Trust insiders were buying shares, but not selling. The chart below shows insider transactions (by individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
CT Real Estate Investment Trust is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
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. We prefer to see high levels of insider ownership.
So What Does This Data Suggest About CT Real Estate Investment Trust Insiders?
It is good to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. While the overall levels of insider ownership are below what we’d like to see, the history of transactions imply that CT Real Estate Investment Trust insiders are reasonably well aligned, and optimistic for the future. In addition to knowing about insider transactions going on, it’s beneficial to identify the risks facing CT Real Estate Investment Trust. While conducting our analysis, we found that CT Real Estate Investment Trust has 2 warning signs and it would be unwise to ignore these.
But note: CT 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.
If you spot an error that warrants correction, please contact the editor at [email protected]. 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.
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Thank you for reading.
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