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Insider Buying: The First Capital Real Estate Investment Trust (TSE:FCR.UN) Independent Trustee Just Bought 242% More Shares
Investors who take an interest in First Capital Real Estate Investment Trust (TSE:FCR.UN) should definitely note that the Independent Trustee, Annalisa King, recently paid CA$18.10 per share to buy CA$226k worth of the stock. We reckon that's a good sign, especially since the purchase boosted their holding by 242%.
View our latest analysis for First Capital Real Estate Investment Trust
The Last 12 Months Of Insider Transactions At First Capital Real Estate Investment Trust
The insider Dori Segal made the biggest insider purchase in the last 12 months. That single transaction was for CA$446k worth of shares at a price of CA$13.37 each. Even though the purchase was made at a significantly lower price than the recent price (CA$17.94), we still think insider buying is a positive. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.
First Capital Real Estate Investment Trust insiders may have bought shares in the last year, but they didn't sell any. They paid about CA$14.84 on average. It is certainly positive to see that insiders have invested their own money in the company. However, we do note that they were buying at significantly lower prices than today's share price. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
First Capital Real Estate Investment Trust is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Insider Ownership of First Capital 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. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 0.3% of First Capital Real Estate Investment Trust shares, worth about CA$11m, according to our data. We do generally prefer see higher levels of insider ownership.
What Might The Insider Transactions At First Capital Real Estate Investment Trust Tell Us?
It is good to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. Insiders likely see value in First Capital Real Estate Investment Trust shares, given these transactions (along with notable insider ownership of the company). While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. For instance, we've identified 4 warning signs for First Capital Real Estate Investment Trust (2 are a bit concerning) you should be aware of.
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.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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About TSX:FCR.UN
First Capital Real Estate Investment Trust
First Capital Real Estate Investment Trust (“First Capital”, “RCF” or the “Fund”) is an unincorporated open-end mutual fund governed by the laws of the Province of Ontario, Canada, and established pursuant to a declaration of trust dated October 16, 2019, which may be amended from time to time (the “Declaration of Trust”).
Average dividend payer slight.