The Independent Non-Executive Director of Lendlease Global Commercial Trust Management Pte. Ltd. of Lendlease Global Commercial REIT (SGX:JYEU), Simon Perrott, Just Bought A Few More Shares

By
Simply Wall St
Published
September 02, 2021
SGX:JYEU
Source: Shutterstock

Even if it's not a huge purchase, we think it was good to see that Simon Perrott, the Independent Non-Executive Director of Lendlease Global Commercial Trust Management Pte. Ltd. of Lendlease Global Commercial REIT (SGX:JYEU) recently shelled out S$57k to buy stock, at S$0.88 per share. Nevertheless, it only increased their shareholding by a minuscule percentage, and it wasn't a massive purchase by absolute value, either.

Check out our latest analysis for Lendlease Global Commercial REIT

Lendlease Global Commercial REIT Insider Transactions Over The Last Year

In fact, the recent purchase by Simon Perrott was the biggest purchase of Lendlease Global Commercial REIT shares made by an insider individual in the last twelve months, according to our records. That means that an insider was happy to buy shares at around the current price of S$0.92. Of course they may have changed their mind. But this suggests they are optimistic. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. In this case we're pleased to report that the insider bought shares at close to current prices. The only individual insider to buy over the last year was Simon Perrott.

You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

insider-trading-volume
SGX:JYEU Insider Trading Volume September 2nd 2021

Lendlease Global Commercial REIT is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.

Insider Ownership

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 0.7% of Lendlease Global Commercial REIT shares, worth about S$7.4m, according to our data. Whilst better than nothing, we're not overly impressed by these holdings.

So What Do The Lendlease Global Commercial REIT Insider Transactions Indicate?

It's certainly positive to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. While the overall levels of insider ownership are below what we'd like to see, the history of transactions imply that Lendlease Global Commercial REIT 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 Lendlease Global Commercial REIT. When we did our research, we found 2 warning signs for Lendlease Global Commercial REIT (1 is concerning!) that we believe deserve your full attention.

But note: Lendlease Global Commercial REIT 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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