Bruce Robertson Is The Independent Trustee of Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) And They Just Picked Up 2.2% More Shares
Investors who take an interest in Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) should definitely note that the Independent Trustee, Bruce Robertson, recently paid CA$17.82 per share to buy CA$160k worth of the stock. Although the purchase only increased their holding by 2.2%, it is still a solid purchase in our view.
Check out our latest analysis for Morguard North American Residential Real Estate Investment Trust
The Last 12 Months Of Insider Transactions At Morguard North American Residential Real Estate Investment Trust
Notably, that recent purchase by Independent Trustee Bruce Robertson was not the only time they bought Morguard North American Residential Real Estate Investment Trust shares this year. They previously made an even bigger purchase of CA$182k worth of shares at a price of CA$15.01 per share. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of CA$17.95. While it does suggest insiders consider the stock undervalued at lower prices, this transaction doesn't tell us much about what they think of current prices.
Bruce Robertson bought a total of 21.20k shares over the year at an average price of CA$16.14. 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!
Morguard North American Residential Real Estate Investment Trust is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Insider Ownership
Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. Insiders own 2.3% of Morguard North American Residential Real Estate Investment Trust shares, worth about CA$23m. 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 Do The Morguard North American Residential Real Estate Investment Trust Insider Transactions Indicate?
The recent insider purchase is heartening. And the longer term insider transactions also give us confidence. Given that insiders also own a fair bit of Morguard North American Residential Real Estate Investment Trust we think they are probably pretty confident of a bright future. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. To that end, you should learn about the 3 warning signs we've spotted with Morguard North American Residential Real Estate Investment Trust (including 1 which is significant).
But note: Morguard North American Residential Real Estate Investment Trust may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE 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.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. 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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