Investors who take an interest in Pro Real Estate Investment Trust (TSE:PRV.UN) should definitely note that the Executive VP, Gordon Lawlor, recently paid CA$3.52 per share to buy CA$148k worth of the stock. That’s a very solid buy in our book, and increased their holding by a noteworthy 26%.
The Last 12 Months Of Insider Transactions At Pro Real Estate Investment Trust
Notably, that recent purchase by Gordon Lawlor is the biggest insider purchase of Pro Real Estate Investment Trust shares that we’ve seen in the last year. That means that an insider was happy to buy shares at around the current price of CA$3.65. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company’s future. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today’s share price, as the discount to value may have narrowed with the rising price. Happily, the Pro Real Estate Investment Trust insiders decided to buy shares at close to current prices.
While Pro Real Estate Investment Trust insiders bought shares last year, they didn’t sell. The average buy price was around CA$4.74. These transactions suggest that insiders have considered the current price attractive. 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 always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).
For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. Our data isn’t picking up on much insider ownership at Pro Real Estate Investment Trust, though insiders do hold about CA$927k worth of shares. This level of insider ownership is notably low, and not very encouraging.
What Might The Insider Transactions At Pro Real Estate Investment Trust Tell Us?
It is good to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. While the overall levels of insider ownership are below what we’d like to see, the history of transactions imply that Pro Real Estate Investment Trust insiders are reasonably well aligned, and optimistic for the future. In addition to knowing about insider transactions going on, it’s beneficial to identify the risks facing Pro Real Estate Investment Trust. You’d be interested to know, that we found 4 warning signs for Pro Real Estate Investment Trust and we suggest you have a look.
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.
If you spot an error that warrants correction, please contact the editor at email@example.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.
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