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.
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!
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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.
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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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If you spot an error that warrants correction, please contact the editor at firstname.lastname@example.org. 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.