Don't Ignore The Fact That This Insider Just Sold Some Shares In RPT Realty (NYSE:RPT)

By
Simply Wall St
Published
June 24, 2021
NYSE:RPT
Source: Shutterstock

Investors may wish to note that the Executive VP & CFO of RPT Realty, Michael Fitzmaurice, recently netted US$61k from selling stock, receiving an average price of US$13.24. However we note that the sale only shrunk their holding by 2.7%.

View our latest analysis for RPT Realty

RPT Realty Insider Transactions Over The Last Year

Notably, that recent sale by Michael Fitzmaurice is the biggest insider sale of RPT Realty shares that we've seen in the last year. So we know that an insider sold shares at around the present share price of US$13.15. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern.

In the last year RPT Realty insiders didn't buy any company stock. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

insider-trading-volume
NYSE:RPT Insider Trading Volume June 25th 2021

For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.

Does RPT Realty Boast High 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 1.5% of RPT Realty shares, worth about US$16m. 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 RPT Realty Tell Us?

Insiders sold RPT Realty shares recently, but they didn't buy any. And even if we look at the last year, we didn't see any purchases. Insider ownership isn't particularly high, so this analysis makes us cautious about the company. We'd practice some caution before buying! So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. At Simply Wall St, we've found that RPT Realty has 4 warning signs (2 are a bit concerning!) that deserve your attention before going any further with your analysis.

Of course RPT Realty may not be the best stock to buy. So you may wish to see this free collection of high quality 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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