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Bullish SmartCentres Real Estate Investment Trust (TSE:SRU.UN) insiders filled their treasuries with CA$5.6m worth of stock over last year

Simply Wall St
·3 min read

Multiple insiders secured a larger position in SmartCentres Real Estate Investment Trust (TSE:SRU.UN) shares over the last 12 months. This is reassuring as this suggests that insiders have increased optimism about the company's prospects.

While insider transactions are not the most important thing when it comes to long-term investing, logic dictates you should pay some attention to whether insiders are buying or selling shares.

View our latest analysis for SmartCentres Real Estate Investment Trust

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

In the last twelve months, the biggest single purchase by an insider was when CEO & Executive Chairman Mitchell Goldhar bought CA$1.9m worth of shares at a price of CA$20.69 per share. We do like to see buying, but this purchase was made at well below the current price of CA$30.53. While it does suggest insiders consider the stock undervalued at lower prices, this transaction doesn't tell us much about what they think of current prices.

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Happily, we note that in the last year insiders paid CA$5.6m for 274.40k shares. But insiders sold 11.60k shares worth CA$339k. In total, SmartCentres 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!

insider-trading-volume
insider-trading-volume

SmartCentres 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 of SmartCentres Real Estate Investment Trust

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. SmartCentres Real Estate Investment Trust insiders own about CA$466m worth of shares (which is 8.9% of the company). Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.

So What Does This Data Suggest About SmartCentres Real Estate Investment Trust Insiders?

There haven't been any insider transactions in the last three months -- that doesn't mean much. However, our analysis of transactions over the last year is heartening. It would be great to see more insider buying, but overall it seems like SmartCentres Real Estate Investment Trust insiders are reasonably well aligned (owning significant chunk of the company's shares) and optimistic for the future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing SmartCentres Real Estate Investment Trust. Our analysis shows 3 warning signs for SmartCentres Real Estate Investment Trust (2 make us uncomfortable!) and we strongly recommend you look at them before investing.

But note: SmartCentres Real Estate Investment Trust may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE 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.

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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.