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The Non-Independent Trustee of Dream Industrial Real Estate Investment Trust (TSE:DIR.UN), Michael Cooper, Just Bought 35% More Shares

Simply Wall St

Dream Industrial Real Estate Investment Trust (TSE:DIR.UN) shareholders (or potential shareholders) will be happy to see that the Non-Independent Trustee, Michael Cooper, recently bought a whopping CA$4.0m worth of stock, at a price of CA$13.45. Aside from being a solid chunk in its own right, the deft move also saw their holding increase by some 35%.

Check out our latest analysis for Dream Industrial Real Estate Investment Trust

The Last 12 Months Of Insider Transactions At Dream Industrial Real Estate Investment Trust

Notably, that recent purchase by Michael Cooper is the biggest insider purchase of Dream Industrial Real Estate Investment Trust shares that we've seen in the last year. That means that even when the share price was higher than CA$13.29 (the recent price), an insider wanted to purchase shares. It's very possible they regret the purchase, but it's more likely they are bullish about the company. In our view, the price an insider pays for shares is very important. Generally speaking, it catches our eye when insiders have purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price.

Dream Industrial Real Estate Investment Trust insiders may have bought shares in the last year, but they didn't sell any. 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:DIR.UN Recent Insider Trading, December 22nd 2019

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 Dream Industrial Real Estate Investment Trust

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. Insiders own 0.6% of Dream Industrial Real Estate Investment Trust shares, worth about CA$13m, according to our data. We do generally prefer see higher levels of insider ownership.

What Might The Insider Transactions At Dream Industrial Real Estate Investment Trust Tell Us?

It's certainly positive to see the recent insider purchases. And the longer term insider transactions also give us confidence. Given that insiders also own a fair bit of Dream Industrial Real Estate Investment Trust we think they are probably pretty confident of a bright future. Therefore, you should should definitely take a look at this FREE report showing analyst forecasts for Dream Industrial Real Estate Investment Trust.

But note: Dream Industrial 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.

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.