Yahoo Finance Camilla Dalglish Just Bought 70% More Shares In Choice Properties Real Estate Investment Trust (TSE:CHP.UN)
Potential Choice Properties Real Estate Investment Trust (TSE:CHP.UN) shareholders may wish to note that insider Camilla Dalglish recently bought CA$429k worth of stock, paying CA$14.15 for each share. That certainly has us anticipating the best, especially since they thusly increased their own holding by 70%, potentially signalling some real optimism.
See our latest analysis for Choice Properties Real Estate Investment Trust
Choice Properties Real Estate Investment Trust Insider Transactions Over The Last Year
In the last twelve months, the biggest single purchase by an insider was when President & CEO Rael Diamond bought CA$1.5m worth of shares at a price of CA$14.38 per share. That implies that an insider found the current price of CA$14.41 per share to be enticing. 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. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. The good news for Choice Properties Real Estate Investment Trust share holders is that insiders were buying at near the current price.
Over the last year, we can see that insiders have bought 208.98k shares worth CA$3.0m. But they sold 6.00k shares for CA$85k. In total, Choice Properties Real Estate Investment Trust insiders bought more than they sold over the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!
Choice Properties Real Estate Investment Trust is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Insider Ownership
For a common shareholder, it is worth checking how many shares are held by company insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Insiders own 0.2% of Choice Properties Real Estate Investment Trust shares, worth about CA$24m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
So What Do The Choice Properties Real Estate Investment Trust Insider Transactions Indicate?
It is good to see recent purchasing. And the longer term insider transactions also give us confidence. Insiders likely see value in Choice Properties Real Estate Investment Trust shares, given these transactions (along with notable insider ownership of the company). While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. To that end, you should learn about the 3 warning signs we've spotted with Choice Properties Real Estate Investment Trust (including 1 which shouldn't be ignored).
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.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. 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.
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