Whilst it may not be a huge deal, we thought it was good to see that the American Hotel Income Properties REIT LP (TSE:HOT.UN) Chief Investment Officer, Chris Cameron, recently bought CA$69k worth of stock, for CA$6.88 per share. Even though that isn't a massive buy, it did increase their holding by 71%, which is a arguably a good sign.
The Last 12 Months Of Insider Transactions At American Hotel Income Properties REIT
In the last twelve months, the biggest single purchase by an insider was when Director of American Hotel Income Properties Reit GP Inc. Robert O'Neill bought CA$607k worth of shares at a price of CA$6.07 per share. That means that an insider was happy to buy shares at around the current price of CA$6.89. Of course they may have changed their mind. But this suggests they are optimistic. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. In this case we're pleased to report that the insider purchases were made at close to current prices.
American Hotel Income Properties REIT insiders may have bought shares in the last year, but they didn't sell any. You can see the insider transactions (by individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!
American Hotel Income Properties REIT is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Does American Hotel Income Properties REIT Boast High Insider Ownership?
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. We usually like to see fairly high levels of insider ownership. Insiders own 1.9% of American Hotel Income Properties REIT shares, worth about CA$10m, according to our data. Whilst better than nothing, we're not overly impressed by these holdings.
So What Does This Data Suggest About American Hotel Income Properties REIT Insiders?
It is good to see recent purchasing. And an analysis of the transactions over the last year also gives us confidence. Insiders likely see value in American Hotel Income Properties REIT shares, given these transactions (along with notable insider ownership of the company). Of course, the future is what matters most. So if you are interested in American Hotel Income Properties REIT, you should check out this free report on analyst forecasts for the company.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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.
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