Potential Innovative Industrial Properties, Inc. (NYSE:IIPR) shareholders may wish to note that the Executive Chairman, Alan Gold, recently bought US$188k worth of stock, paying US$75.02 for each share. While that's a very decent purchase to our minds, it was proportionally a bit modest, boosting their holding by just 0.6%.
The Last 12 Months Of Insider Transactions At Innovative Industrial Properties
Over the last year, we can see that the biggest insider sale was by the VP, General Counsel & Company Secretary, Brian Wolfe, for US$283k worth of shares, at about US$89.01 per share. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. The good news is that this large sale was at well above current price of US$74.01. So it may not tell us anything about how insiders feel about the current share price.
Happily, we note that in the last year insiders paid US$500k for 6.57k shares. On the other hand they divested 5181 shares, for US$464k. In total, Innovative Industrial Properties insiders bought more than they sold over the last year. You can see the insider transactions (by individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
Innovative Industrial Properties is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Does Innovative Industrial Properties Boast High 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. It appears that Innovative Industrial Properties insiders own 4.3% of the company, worth about US$38m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
So What Does This Data Suggest About Innovative Industrial Properties Insiders?
It's certainly positive to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. Given that insiders also own a fair bit of Innovative Industrial Properties we think they are probably pretty confident of a bright future. Of course, the future is what matters most. So if you are interested in Innovative Industrial Properties, you should check out this free report on analyst forecasts for the company.
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity 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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