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Benjamin Rodney Is The Chairman of the Board of Trustees & Lead Independent Trustee of Artis Real Estate Investment Trust (TSE:AX.UN) And They Just Picked Up 20% More Shares

Whilst it may not be a huge deal, we thought it was good to see that the Artis Real Estate Investment Trust (TSE:AX.UN) Chairman of the Board of Trustees & Lead Independent Trustee, Benjamin Rodney, recently bought CA$129k worth of stock, for CA$8.58 per share. That purchase might not be huge but it did increase their holding by 20%.

Check out our latest analysis for Artis Real Estate Investment Trust

The Last 12 Months Of Insider Transactions At Artis Real Estate Investment Trust

The President Samir Manji made the biggest insider purchase in the last 12 months. That single transaction was for CA$1.1m worth of shares at a price of CA$12.42 each. That means that even when the share price was higher than CA$8.41 (the recent price), an insider wanted to purchase shares. 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. To us, it's very important to consider the price insiders pay for shares. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.

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In the last twelve months Artis Real Estate Investment Trust insiders were buying shares, but not selling. The average buy price was around CA$10.85. These transactions suggest that insiders have considered the current price attractive. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!

insider-trading-volume
insider-trading-volume

Artis Real Estate Investment Trust is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.

Insider Ownership Of Artis Real Estate Investment Trust

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. We usually like to see fairly high levels of insider ownership. It appears that Artis Real Estate Investment Trust insiders own 2.7% of the company, worth about CA$27m. 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 Artis Real Estate Investment Trust Tell Us?

It is good to see recent purchasing. And an analysis of the transactions over the last year also gives us confidence. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. Insiders likely see value in Artis 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. Every company has risks, and we've spotted 2 warning signs for Artis Real Estate Investment Trust (of which 1 is concerning!) you should know about.

Of course Artis 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.

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