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Investors who take an interest in First Capital Real Estate Investment Trust (TSE:FCR.UN) should definitely note that the Independent Trustee, Dori Segal, recently paid CA$13.47 per share to buy CA$263k worth of the stock. Although the purchase is not a big one, by either a percentage standpoint or absolute value, it can be seen as a good sign.
The Last 12 Months Of Insider Transactions At First Capital Real Estate Investment Trust
In fact, the recent purchase by Independent Trustee Dori Segal was not their only trade of First Capital Real Estate Investment Trust shares this year. They previously made a sale of -CA$669k worth of shares at a price of CA$21.85 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 silver lining is that this sell-down took place above the latest price (CA$14.27). So it is hard to draw any strong conclusion from it.
In the last twelve months insiders purchased 261.40k shares for CA$4.1m. But they sold 50.83k shares for CA$1.1m. In the last twelve months there was more buying than selling by First Capital Real Estate Investment Trust insiders. The average buy price was around CA$15.64. This is nice to see since it implies that insiders might see value around current prices. 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!
There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).
Does First Capital Real Estate Investment Trust Boast High Insider Ownership?
Many investors like to check how much of a company is owned by insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Insiders own 1.4% of First Capital Real Estate Investment Trust shares, worth about CA$43m. 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 First Capital Real Estate Investment Trust Insiders?
It's certainly positive to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. Insiders likely see value in First Capital Real Estate Investment Trust shares, given these transactions (along with notable insider ownership of the company). In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing First Capital Real Estate Investment Trust. To help with this, we've discovered 5 warning signs (2 shouldn't be ignored!) that you ought to be aware of before buying any shares in First Capital Real Estate Investment Trust.
But note: First Capital 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. 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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