Anyone interested in Weingarten Realty Investors (NYSE:WRI) should probably be aware that the Lead Independent Trust Manager, Shelaghmichael Brown, recently divested US$118k worth of shares in the company, at an average price of US$27.17 each. The eyebrow raising move amounted to a reduction of 13.3% in their holding.
Weingarten Realty Investors Insider Transactions Over The Last Year
Over the last year, we can see that the biggest insider sale was by the Trust Manager, Stephen Lasher, for US$4.2m worth of shares, at about US$29.25 per share. That means that an insider was selling shares at around the current price of US$27.00. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern.
Over the last year, we note insiders sold 149k shares worth US$4.4m. Weingarten Realty Investors insiders didn’t buy any shares over the last year. The chart below shows insider transactions (by individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. We usually like to see fairly high levels of insider ownership. Weingarten Realty Investors insiders own 6.1% of the company, currently worth about US$213m based on the recent share price. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.
So What Do The Weingarten Realty Investors Insider Transactions Indicate?
An insider sold Weingarten Realty Investors shares recently, but they didn’t buy any. And there weren’t any purchases to give us comfort, over the last year. It is good to see high insider ownership, but the insider selling leaves us cautious. Of course, the future is what matters most. So if you are interested in Weingarten Realty Investors, you should check out this free report on analyst forecasts for the company.
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.
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