Even if it's not a huge purchase, we think it was good to see that Aldéa M. Landry, the Independent Trustee of Killam Apartment Real Estate Investment Trust (TSE:KMP.UN) recently shelled out CA$52k to buy stock, at CA$22.66 per share. That purchase might not be huge but it did increase their holding by 15%.
Killam Apartment Real Estate Investment Trust Insider Transactions Over The Last Year
In fact, the recent purchase by Independent Trustee Aldéa M. Landry was not their only acquisition of Killam Apartment Real Estate Investment Trust shares this year. Earlier in the year, they paid CA$19.43 per share in a CA$107k purchase. Even though the purchase was made at a significantly lower price than the recent price (CA$23.06), we still think insider buying is a positive. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.
Aldéa M. Landry purchased 7.80k shares over the year. The average price per share was CA$20.37. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
Killam Apartment 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.
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. I reckon it's a good sign if insiders own a significant number of shares in the company. It appears that Killam Apartment Real Estate Investment Trust insiders own 1.5% of the company, worth about CA$39m. 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 Does This Data Suggest About Killam Apartment Real Estate Investment Trust Insiders?
The recent insider purchase is heartening. And the longer term insider transactions also give us confidence. When combined with notable insider ownership, these factors suggest Killam Apartment Real Estate Investment Trust insiders are well aligned, and that they may think the share price is too low. 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 Killam Apartment Real Estate Investment Trust (1 is a bit unpleasant) you should be aware of.
But note: Killam Apartment Real Estate Investment Trust may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE 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.
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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