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$54k worth of stock, for CA$12.50 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 18%.
CT Real Estate Investment Trust Insider Transactions Over The Last Year
In fact, the recent purchase by Chief Operating Officer Kevin Salsberg was not their only acquisition of CT Real Estate Investment Trust shares this year. Earlier in the year, they paid CA$15.25 per share in a CA$65k purchase. So it’s clear an insider wanted to buy, even at a higher price than the current share price (being CA$12.12). 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.
CT Real Estate Investment Trust insiders may have bought shares in the last year, but they didn’t sell any. You can see the insider transactions (by individuals) over the last year depicted in the chart 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.
Insider Ownership of CT Real Estate Investment Trust
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. I reckon it’s a good sign if insiders own a significant number of shares in the company. Our data suggests CT Real Estate Investment Trust insiders own 0.07% of the company, worth about CA$2.1m. We prefer to see high levels of insider ownership.
What Might The Insider Transactions At CT Real Estate Investment Trust Tell Us?
It is good to see the recent insider purchase. And the longer term insider transactions also give us confidence. 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. So while it’s helpful to know what insiders are doing in terms of buying or selling, it’s also helpful to know the risks that a particular company is facing. Case in point: We’ve spotted 4 warning signs for CT Real Estate Investment Trust you should be aware of, and 1 of these is potentially serious.
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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