Investors who take an interest in Universal Health Realty Income Trust (NYSE:UHT) should definitely note that the Chairman, Alan Miller, recently paid US$68.31 per share to buy US$102k worth of the stock. While that's a very decent purchase to our minds, it was proportionally a bit modest, boosting their holding by just 1.2%.
Universal Health Realty Income Trust Insider Transactions Over The Last Year
Notably, that recent purchase by Alan Miller is the biggest insider purchase of Universal Health Realty Income Trust shares that we've seen in the last year. That means that an insider was happy to buy shares at around the current price of US$69.58. That means they have been optimistic about the company in the past, though they may have changed their mind. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. The good news for Universal Health Realty Income Trust share holders is that insiders were buying at near the current price.
While Universal Health Realty Income Trust insiders bought shares during the last year, they didn't sell. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
Universal Health Realty Income Trust is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Does Universal Health Realty Income Trust 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. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 1.6% of Universal Health Realty Income Trust shares, worth about US$15m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
What Might The Insider Transactions At Universal Health Realty Income Trust Tell Us?
The recent insider purchases are heartening. We also take confidence from the longer term picture of insider transactions. Given that insiders also own a fair bit of Universal Health Realty Income Trust we think they are probably pretty confident of a bright future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Universal Health Realty Income Trust. For instance, we've identified 3 warning signs for Universal Health Realty Income Trust (2 shouldn't be ignored) you should be aware of.
Of course Universal Health Realty Income Trust 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.
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.
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