President Peter Forde Just Bought 367% More Shares In SmartCentres Real Estate Investment Trust (TSE:SRU.UN)

Potential SmartCentres Real Estate Investment Trust (TSE:SRU.UN) shareholders may wish to note that the President, Peter Forde, recently bought CA$156k worth of stock, paying CA$26.04 for each share. That certainly has us anticipating the best, especially since they thusly increased their own holding by 367%, potentially signalling some real optimism.

View our latest analysis for SmartCentres Real Estate Investment Trust

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

In the last twelve months, the biggest single purchase by an insider was when Executive Chairman Mitchell Goldhar bought CA$3.1m worth of shares at a price of CA$20.63 per share. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of CA$26.58. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.

In the last twelve months SmartCentres Real Estate Investment Trust insiders were buying shares, but not selling. 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!

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

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. I reckon it's a good sign if insiders own a significant number of shares in the company. It's great to see that SmartCentres Real Estate Investment Trust insiders own 8.9% of the company, worth about CA$399m. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.

What Might The Insider Transactions At SmartCentres Real Estate Investment Trust Tell Us?

The recent insider purchases are heartening. And an analysis of the transactions over the last year also gives us confidence. When combined with notable insider ownership, these factors suggest SmartCentres Real Estate Investment Trust insiders are well aligned, and quite possibly think the share price is too low. Nice! 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 SmartCentres Real Estate Investment Trust (2 are concerning) you should be aware of.

But note: SmartCentres 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.

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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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