This Insider Has Just Sold Shares In Allied Properties Real Estate Investment Trust (TSE:AP.UN)

Anyone interested in Allied Properties Real Estate Investment Trust (TSE:AP.UN) should probably be aware that a company insider, Gerald Connor, recently divested CA$388k worth of shares in the company, at an average price of CA$53.86 each. On the bright side, that sale was only 2.4% of their holding, so we doubt it's very meaningful, on its own.

Check out our latest analysis for Allied Properties Real Estate Investment Trust

The Last 12 Months Of Insider Transactions At Allied Properties Real Estate Investment Trust

Notably, that recent sale by Gerald Connor is the biggest insider sale of Allied Properties Real Estate Investment Trust shares that we've seen in the last year. That means that even when the share price was slightly below the current price of CA$54.53, an insider wanted to cash in some shares. 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. While insider selling is not a positive sign, we can't be sure if it does mean insiders think the shares are fully valued, so it's only a weak sign. We note that the biggest single sale was only 2.4%of Gerald Connor's holding.

All up, insiders sold more shares in Allied Properties Real Estate Investment Trust than they bought, over the last year. The chart below shows insider transactions (by individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: insiders have been buying them).

Insider Ownership of Allied Properties Real Estate Investment Trust

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. It appears that Allied Properties Real Estate Investment Trust insiders own 1.3% of the company, worth about CA$85m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

So What Do The Allied Properties Real Estate Investment Trust Insider Transactions Indicate?

Insiders haven't bought Allied Properties Real Estate Investment Trust stock in the last three months, but there was some selling. Despite some insider buying, the longer term picture doesn't make us feel much more positive. Insider ownership isn't particularly high, so this analysis makes us cautious about the company. We're in no rush to buy! If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future.

Of course Allied 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.

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 editorial-team@simplywallst.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.