Peter Done Is The Independent Non-Executive Chairman of Centuria Property Funds Limited of Centuria Office REIT (ASX:COF) And They Just Picked Up 33% More Shares
Whilst it may not be a huge deal, we thought it was good to see that the Centuria Office REIT (ASX:COF) Independent Non-Executive Chairman of Centuria Property Funds Limited, Peter Done, recently bought AU$100k worth of stock, for AU$1.99 per share. While we're hesitant to get too excited about a purchase of that size, we do note it increased their holding by a solid 33%.
Check out our latest analysis for Centuria Office REIT
Centuria Office REIT Insider Transactions Over The Last Year
Notably, that recent purchase by Peter Done is the biggest insider purchase of Centuria Office REIT shares that we've seen in the last year. That means that an insider was happy to buy shares at above the current price of AU$1.99. It's very possible they regret the purchase, but it's more likely they are bullish about the company. We always take careful note of the price insiders pay when purchasing shares. As a general rule, we feel more positive about a stock when an insider has bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price. The only individual insider to buy over the last year was Peter Done.
You can see the insider transactions (by companies and 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 Centuria Office REIT
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. We usually like to see fairly high levels of insider ownership. Our data suggests Centuria Office REIT insiders own 0.4% of the company, worth about AU$3.7m. However, it's possible that insiders might have an indirect interest through a more complex structure. I generally like to see higher levels of ownership.
So What Does This Data Suggest About Centuria Office REIT Insiders?
The recent insider purchase is heartening. And an analysis of the transactions over the last year also gives us confidence. On this analysis the only slight negative we see is the fairly low (overall) insider ownership; their transactions suggest that they are quite positive on Centuria Office REIT stock. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Centuria Office REIT. To that end, you should learn about the 4 warning signs we've spotted with Centuria Office REIT (including 1 which is concerning).
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity 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.
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.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
