Potential First Capital Real Estate Investment Trust (TSE:FCR.UN) shareholders may wish to note that the Executive VP of Enterprise Strategies & CFO, Neil Downey, recently bought CA$164k worth of stock, paying CA$16.42 for each share. That certainly has us anticipating the best, especially since they thusly increased their own holding by 111%, potentially signalling some real optimism.
First Capital Real Estate Investment Trust Insider Transactions Over The Last Year
The Independent Trustee, Dori Segal, made the biggest insider sale in the last 12 months. That single transaction was for CA$669k worth of shares at a price of CA$21.85 each. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. The silver lining is that this sell-down took place above the latest price (CA$16.38). So it may not tell us anything about how insiders feel about the current share price. Dori Segal was the only individual insider to sell over the last year. Notably Dori Segal was also the biggest buyer, having purchased CA$3.0m worth of shares.
Over the last year, we can see that insiders have bought 214.71k shares worth CA$3.0m. But they sold 30.63k shares for CA$669k. Overall, First Capital Real Estate Investment Trust insiders were net buyers during the last year. The chart below shows insider transactions (by companies and individuals) over the last year. 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.
Does First Capital Real Estate Investment Trust Boast High Insider Ownership?
Many investors like to check how much of a company is owned by 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. It appears that First Capital Real Estate Investment Trust insiders own 1.4% of the company, worth about CA$51m. 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 First Capital Real Estate Investment Trust Insider Transactions Indicate?
The recent insider purchases are heartening. We also take confidence from the longer term picture of insider transactions. Given that insiders also own a fair bit of First Capital Real Estate Investment Trust we think they are probably pretty confident of a bright future. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. When we did our research, we found 5 warning signs for First Capital Real Estate Investment Trust (2 shouldn't be ignored!) that we believe deserve your full attention.
Of course First Capital 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.
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.