Graham Senst Is The Independent Trustee of BSR Real Estate Investment Trust (TSE:HOM.UN) And They Just Picked Up 5.0% More Shares
Whilst it may not be a huge deal, we thought it was good to see that the BSR Real Estate Investment Trust (TSE:HOM.UN) Independent Trustee, Graham Senst, recently bought CA$75k worth of stock, for CA$18.67 per share. Although the purchase is not a big one, increasing their shareholding by only 5.0%, it can be interpreted as a good sign.
View our latest analysis for BSR Real Estate Investment Trust
The Last 12 Months Of Insider Transactions At BSR Real Estate Investment Trust
In fact, the recent purchase by Graham Senst was the biggest purchase of BSR Real Estate Investment Trust shares made by an insider individual in the last twelve months, according to our records. That implies that an insider found the current price of CA$19.23 per share to be enticing. Of course they may have changed their mind. But this suggests they are optimistic. 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 BSR Real Estate Investment Trust share holders is that insiders were buying at near the current price.
While BSR Real Estate Investment Trust insiders bought shares during the last year, they didn't sell. Their average price was about CA$23.02. 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. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
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).
Insider Ownership Of BSR Real Estate Investment Trust
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. It appears that BSR Real Estate Investment Trust insiders own 5.0% of the company, worth about CA$54m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
What Might The Insider Transactions At BSR Real Estate Investment Trust Tell Us?
It is good to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. Insiders likely see value in BSR Real Estate Investment Trust shares, given these transactions (along with notable insider ownership of the company). 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, BSR Real Estate Investment Trust has 5 warning signs (and 2 which are significant) we think you should know about.
But note: BSR 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.
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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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