I have AMRE shares in accounts at both Scottrade and Fidelity. My Class A shares held at Fidelity were converted to Class B shares on April 30. My Class A shares held at Scottrade were converted on May 7. The first quarter dividend on my Fidelity shares was deposited on April 2. The first quarter dividend on my Scottrade shares was deposited on April 18.
I imagine that different shares are making their way at different speeds to various brokers. If so, then the selling pressure may continue for a while until all the people who've been waiting to get out at the near all-time highs do. I imagine a few more weeks should be sufficient to settle into equilibrium. I’ll reevaluate AMRE at that time.
Unless someone knows that this is just a name change for the stock, the individual officer's reports to the SEC, which were filed and made public on the 29th, would appear that they are dumping all the stock they own.
All Class A shares that existed before the IPO last year, which previously could not be traded, were recently converted to Class B shares. Then all ""AmREIT Class B Common Stock" shares were renamed simply as "AmREIT Common Stock" shares because there was only one class of common stock after the conversion. Even though the conversion happened last week, today was the first day that most holders of the former AmREIT Class A shares could sell their stock because it takes time for the transfer agent to officially disseminate the information to the various brokers where the shares are held. Prior to today, the former Class A shares had been illiquid (non-tradable) since late 2009.