The Executive VP & COO of Allied Properties Real Estate Investment Trust (TSE:AP.UN), Thomas Burns, Just Bought 4.2% More Shares
Even if it's not a huge purchase, we think it was good to see that Thomas Burns, the Executive VP & COO of Allied Properties Real Estate Investment Trust (TSE:AP.UN) recently shelled out CA$118k to buy stock, at CA$29.62 per share. Although the purchase is not a big one, increasing their shareholding by only 4.2%, it can be interpreted as a good sign.
View our latest analysis for Allied Properties Real Estate Investment Trust
Allied Properties Real Estate Investment Trust Insider Transactions Over The Last Year
Over the last year, we can see that the biggest insider purchase was by Executive Vice President of Development Hugh Clark for CA$235k worth of shares, at about CA$33.64 per share. That means that an insider was happy to buy shares at above the current price of CA$27.37. 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. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.
In the last twelve months insiders purchased 18.92k shares for CA$634k. But they sold 3.40k shares for CA$145k. Overall, Allied Properties Real Estate Investment Trust insiders were net buyers during the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
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
Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. Insiders own 1.3% of Allied Properties Real Estate Investment Trust shares, worth about CA$46m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
What Might The Insider Transactions At Allied Properties Real Estate Investment Trust Tell Us?
The recent insider purchases are heartening. And the longer term insider transactions also give us confidence. Insiders likely see value in Allied 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 help with this, we've discovered 3 warning signs (2 are potentially serious!) that you ought to be aware of before buying any shares in Allied Properties Real Estate Investment Trust.
Of course Allied Properties Real Estate Investment Trust may not be the best stock to buy. So you may wish to see this free collection of high quality 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.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.
Join A Paid User Research Session
You’ll receive a US$30 Amazon Gift card for 1 hour of your time while helping us build better investing tools for the individual investors like yourself. Sign up here