The Independent Trustee of Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN), Bruce Robertson, Just Bought 3.0% More Shares

Potential Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) shareholders may wish to note that the Independent Trustee, Bruce Robertson, recently bought CA$182k worth of stock, paying CA$14.90 for each share. Although the purchase only increased their holding by 3.0%, it is still a solid purchase in our view.

View our latest analysis for Morguard North American Residential Real Estate Investment Trust

The Last 12 Months Of Insider Transactions At Morguard North American Residential Real Estate Investment Trust

Notably, that recent purchase by Bruce Robertson is the biggest insider purchase of Morguard North American Residential Real Estate Investment Trust shares that we've seen in the last year. So it's clear an insider wanted to buy, even at a higher price than the current share price (being CA$15.01). Their view may have changed since then, but at least it shows they felt optimistic at the time. We always take careful note of the price insiders pay when purchasing shares. As a general rule, we feel more positive about a stock when an insider has bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price. Bruce Robertson was the only individual insider to buy shares in the last twelve months.

You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

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 Morguard North American Residential Real Estate Investment Trust

Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. It appears that Morguard North American Residential Real Estate Investment Trust insiders own 2.2% of the company, worth about CA$19m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

What Might The Insider Transactions At Morguard North American Residential Real Estate Investment Trust Tell Us?

It's certainly positive to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. Insiders likely see value in Morguard North American Residential Real Estate Investment Trust shares, given these transactions (along with notable insider ownership of the company). So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Every company has risks, and we've spotted 3 warning signs for Morguard North American Residential Real Estate Investment Trust (of which 1 doesn't sit too well with us!) you should know about.

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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