Insider Buying: The SmartCentres Real Estate Investment Trust (TSE:SRU.UN) Executive Chairman Just Bought CA$690k Worth Of Shares

SmartCentres Real Estate Investment Trust (TSE:SRU.UN) shareholders (or potential shareholders) will be happy to see that the Executive Chairman, Mitchell Goldhar, recently bought a whopping CA$690k worth of stock, at a price of CA$22.99. While that only increased their holding size by 0.2%, it is still a big swing by our standards.

View our latest analysis for SmartCentres Real Estate Investment Trust

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

Notably, that recent purchase by Executive Chairman Mitchell Goldhar was not the only time they bought SmartCentres Real Estate Investment Trust shares this year. Earlier in the year, they paid CA$20.63 per share in a CA$3.1m purchase. That implies that an insider found the current price of CA$23.22 per share to be enticing. That means they have been optimistic about the company in the past, though they may have changed their mind. 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. The good news for SmartCentres Real Estate Investment Trust share holders is that insiders were buying at near the current price.

Over the last year, we can see that insiders have bought 1.09m shares worth CA$23m. But insiders sold 272.00 shares worth CA$8.8k. Overall, SmartCentres Real Estate Investment Trust insiders were net buyers during the last year. You can see the insider transactions (by companies and 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!

SmartCentres 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

Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. It's great to see that SmartCentres Real Estate Investment Trust insiders own 8.9% of the company, worth about CA$355m. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.

So What Does This Data Suggest About SmartCentres Real Estate Investment Trust Insiders?

It's certainly positive to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about SmartCentres Real Estate Investment Trust. One for the watchlist, at least! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing SmartCentres Real Estate Investment Trust. To help with this, we've discovered 4 warning signs (2 shouldn't be ignored!) that you ought to be aware of before buying any shares in SmartCentres Real Estate Investment Trust.

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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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. 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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