Potential W. P. Carey Inc. (NYSE:WPC) shareholders may wish to note that the Independent Director, Mark Alexander, recently bought US$235k worth of stock, paying US$58.78 for each share. That's a very solid buy in our book, and increased their holding by a noteworthy 27%.
The Last 12 Months Of Insider Transactions At W. P. Carey
CEO & Director Jason Fox made the biggest insider purchase in the last 12 months. That single transaction was for US$460k worth of shares at a price of US$46.03 each. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of US$60.89. 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.
In the last twelve months insiders purchased 44.61k shares for US$2.3m. On the other hand they divested 118 shares, for US$10k. Overall, W. P. Carey insiders were net buyers during the last year. The average buy price was around US$50.98. Although they bought at below the recent share price, it is good to see that insiders are willing to invest in the company. You can see the insider transactions (by individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
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.
Insider Ownership of W. P. Carey
For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. W. P. Carey insiders own about US$116m worth of shares (which is 1.1% of the company). I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.
What Might The Insider Transactions At W. P. Carey Tell Us?
The recent insider purchases are heartening. And the longer term insider transactions also give us confidence. When combined with notable insider ownership, these factors suggest W. P. Carey insiders are well aligned, and quite possibly think the share price is too low. One for the watchlist, at least! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing W. P. Carey. For example, W. P. Carey has 3 warning signs (and 1 which doesn't sit too well with us) we think you should know about.
Of course W. P. Carey 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.
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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. Thank you for reading.