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This Insider Has Just Sold Shares In Urstadt Biddle Properties Inc. (NYSE:UBA)

Simply Wall St

We'd be surprised if Urstadt Biddle Properties Inc. (NYSE:UBA) shareholders haven't noticed that the Senior VP, John Hayes, recently sold US$123k worth of stock at US$23.49 per share. However, the silver lining is that the sale only reduced their total holding by 7.8%, so we're hesitant to read anything much into it, on its own.

Check out our latest analysis for Urstadt Biddle Properties

Urstadt Biddle Properties Insider Transactions Over The Last Year

Notably, that recent sale by John Hayes is the biggest insider sale of Urstadt Biddle Properties shares that we've seen in the last year. That means that even when the share price was slightly below the current price of US$23.53, an insider wanted to cash in some shares. When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent valuation. While insider selling is not a positive sign, we can't be sure if it does mean insiders think the shares are fully valued, so it's only a weak sign. It is worth noting that this sale was only 7.8% of John Hayes's holding.

Over the last year, we note insiders sold 7126 shares worth US$162k. Urstadt Biddle Properties insiders didn't buy any shares over the last year. The chart below shows insider transactions (by individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

NYSE:UBA Recent Insider Trading, October 11th 2019
NYSE:UBA Recent Insider Trading, October 11th 2019

For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.

Does Urstadt Biddle Properties Boast High Insider Ownership?

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Urstadt Biddle Properties insiders own about US$152m worth of shares (which is 18% of the company). Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.

So What Do The Urstadt Biddle Properties Insider Transactions Indicate?

An insider sold Urstadt Biddle Properties shares recently, but they didn't buy any. And there weren't any purchases to give us comfort, over the last year. On the plus side, Urstadt Biddle Properties makes money, and is growing profits. It is good to see high insider ownership, but the insider selling leaves us cautious. Of course, the future is what matters most. So if you are interested in Urstadt Biddle Properties, you should check out this free report on analyst forecasts for the company.

Of course Urstadt Biddle Properties 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.

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.

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. Thank you for reading.