We’d be surprised if Duke Realty Corporation (NYSE:DRE) shareholders haven’t noticed that the Executive VP & Chief Investment Officer, Nicholas Anthony, recently sold US$255k worth of stock at US$32.61 per share. The eyebrow raising move amounted to a reduction of 21.3% in their holding.
The Last 12 Months Of Insider Transactions At Duke Realty
The Executive VP & CFO, Mark Denien, made the biggest insider sale in the last 12 months. That single transaction was for US$1.4m worth of shares at a price of US$29.49 each. So it’s clear an insider wanted to take some cash off the table, even below the current price of US$33.18. When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent valuation. Please do note, however, that sellers may have a variety of reasons for selling, so we don’t know for sure what they think of the stock price. This single sale was 73.8% of Mark Denien’s stake.
In the last twelve months insiders netted US$3.6m for 121k shares sold. In the last year Duke Realty insiders didn’t buy any company stock. You can see the insider transactions (by individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!
Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. Duke Realty insiders own about US$25m 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 Duke Realty Insider Transactions Indicate?
An insider sold stock recently, but they haven’t been buying. And there weren’t any purchases to give us comfort, over the last year. Insiders own shares, but we’re still pretty cautious, given the history of sales. We’d think twice before buying! Of course, the future is what matters most. So if you are interested in Duke Realty, you should check out this free report on analyst forecasts for the company.
If you would prefer to check out another company — one with potentially superior financials — then do not miss this free list of interesting companies, that have HIGH return on equity 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.
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.
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. Thank you for reading.