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Trade Alert: The Independent Director Of First Capital Real Estate Investment Trust (TSE:FCR.UN), Leonard Abramsky, Has Just Spent CA$152k Buying Shares

Simply Wall St

Potential First Capital Real Estate Investment Trust (TSE:FCR.UN) shareholders may wish to note that the Independent Director, Leonard Abramsky, recently bought CA$152k worth of stock, paying CA$20.31 for each share. That certainly has us anticipating the best, especially since they thusly increased their own holding by 132%, potentially signalling some real optimism.

Check out our latest analysis for First Capital Real Estate Investment Trust

First Capital Real Estate Investment Trust Insider Transactions Over The Last Year

In fact, the recent purchase by Leonard Abramsky was the biggest purchase of First Capital Real Estate Investment Trust shares made by an insider individual in the last twelve months, according to our records. That means that an insider was happy to buy shares at around the current price of CA$20.45. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. In this case we're pleased to report that the insider bought shares at close to current prices. Leonard Abramsky was the only individual insider to buy shares in the last twelve months.

You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

TSX:FCR.UN Recent Insider Trading, January 15th 2020

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

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. I reckon it's a good sign if insiders own a significant number of shares in the company. Our data isn't picking up on much insider ownership at First Capital Real Estate Investment Trust, though insiders do hold about CA$269k worth of shares. It's always possible we are missing something but from our data, it looks like insider ownership is minimal.

So What Do The First Capital Real Estate Investment Trust Insider Transactions Indicate?

It is good to see the recent insider purchase. 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 First Capital Real Estate Investment Trust stock. Therefore, you should should definitely take a look at this FREE report showing analyst forecasts for First Capital Real Estate Investment Trust.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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.

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.