Have Insiders Sold Weingarten Realty Investors (NYSE:WRI) Shares Recently?

Simply Wall St
November 09, 2020

We note that the Weingarten Realty Investors (NYSE:WRI) Lead Independent Trust Manager, Shelaghmichael Brown, recently sold US$60k worth of stock for US$16.84 per share. On the bright side, that's just a small sale and only reduced their holding by 9.8%.

View our latest analysis for Weingarten Realty Investors

Weingarten Realty Investors Insider Transactions Over The Last Year

Over the last year, we can see that the biggest insider sale was by the Independent Trust Manager, Stephen Lasher, for US$1.3m worth of shares, at about US$23.22 per share. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. The silver lining is that this sell-down took place above the latest price (US$15.91). So it may not shed much light on insider confidence at current levels. Notably Stephen Lasher was also the biggest buyer, having purchased US$229k worth of shares.

All up, insiders sold more shares in Weingarten Realty Investors than they bought, over the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

NYSE:WRI Insider Trading Volume November 9th 2020

If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: insiders have been buying them).

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. We usually like to see fairly high levels of insider ownership. Weingarten Realty Investors insiders own 6.2% of the company, currently worth about US$129m based on the recent share price. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.

So What Does This Data Suggest About Weingarten Realty Investors Insiders?

An insider sold Weingarten Realty Investors shares recently, but they didn't buy any. Zooming out, the longer term picture doesn't give us much comfort. While insiders do own a lot of shares in the company (which is good), our analysis of their transactions doesn't make us feel confident about the company. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Weingarten Realty Investors. Every company has risks, and we've spotted 5 warning signs for Weingarten Realty Investors (of which 2 don't sit too well with us!) you should know about.

Of course Weingarten Realty Investors 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.

When trading Weingarten Realty Investors or any other investment, use the platform considered by many to be the Professional's Gateway to the Worlds Market, Interactive Brokers. You get the lowest-cost* trading on stocks, options, futures, forex, bonds and funds worldwide from a single integrated account.

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.
*Interactive Brokers Rated Lowest Cost Broker by StockBrokers.com Annual Online Review 2020

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com.

Discounted cash flow calculation for every stock

Simply Wall St does a detailed discounted cash flow calculation every 6 hours for every stock on the market, so if you want to find the intrinsic value of any company just search here. It’s FREE.

Simply Wall St character - Warren

Simply Wall St

Simply Wall St is a financial technology startup focused on providing unbiased, high-quality research coverage on every listed company in the world. Our research team consists of equity analysts with a public, market-beating track record. Learn more about the team behind Simply Wall St.