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Gordon Lawlor Is The Executive VP of Pro Real Estate Investment Trust (TSE:PRV.UN) And They Just Spent CA$148k On Shares

Simply Wall St

Investors who take an interest in Pro Real Estate Investment Trust (TSE:PRV.UN) should definitely note that the Executive VP, Gordon Lawlor, recently paid CA$3.52 per share to buy CA$148k worth of the stock. That's a very solid buy in our book, and increased their holding by a noteworthy 26%.

Check out our latest analysis for Pro Real Estate Investment Trust

Pro Real Estate Investment Trust Insider Transactions Over The Last Year

Notably, that recent purchase by Gordon Lawlor is the biggest insider purchase of Pro Real Estate Investment 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 CA$3.65. 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.

While Pro Real Estate Investment Trust insiders bought shares last year, they didn't sell. Their average price was about CA$4.74. I'd consider this a positive as it suggests insiders see value at around the current price. You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

TSX:PRV.UN Recent Insider Trading April 1st 2020
TSX:PRV.UN Recent Insider Trading April 1st 2020

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.

Does Pro Real Estate Investment Trust Boast High Insider Ownership?

For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. From what we can see in our data, insiders own only about CA$927k worth of Pro Real Estate Investment Trust shares. We might be missing something but that seems like very low insider ownership.

So What Do The Pro Real Estate Investment Trust Insider Transactions Indicate?

It's certainly positive to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that Pro Real Estate Investment Trust insiders are expecting 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. For example - Pro Real Estate Investment Trust has 4 warning signs we think you should be aware of.

Of course Pro Real Estate Investment 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.

If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. 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. Simply Wall St has no position in the stocks mentioned.

We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Thank you for reading.