Trade Alert: The CEO & Trustee Of Artis Real Estate Investment Trust (TSE:AX.UN), Samir Manji, Has Just Spent CA$959k Buying 4.3% More Shares – Simply Wall St

Those following along with Artis Real Estate Investment Trust (TSE:AX.UN) will no doubt be intrigued by the recent purchase of shares by Samir Manji, CEO & Trustee of the company, who spent a stonking CA$959k on stock at an average price of CA$11.99. While that only increased their holding size by 4.3%, it is still a big swing by our standards.

View our latest analysis for Artis Real Estate Investment Trust

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

In fact, the recent purchase by CEO & Trustee Samir Manji was not their only acquisition of Artis Real Estate Investment Trust shares this year. They previously made an even bigger purchase of CA$4.5m worth of shares at a price of CA$10.79 per share. That means that an insider was happy to buy shares at around the current price of CA$11.84. 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. While we always like to see insider buying, it’s less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. The good news for Artis Real Estate Investment Trust share holders is that insiders were buying at near the current price.

While Artis Real Estate Investment Trust insiders bought shares during the last year, they didn’t sell. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

insider-trading-volume
TSX:AX.UN Insider Trading Volume November 15th 2021

There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).

Insider Ownership

For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it’s a good sign if insiders own a significant number of shares in the company. Artis Real Estate Investment Trust insiders own about CA$28m worth of shares. That equates to 1.9% of the company. 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 Artis Real Estate Investment Trust Insider Transactions Indicate?

The recent insider purchase is heartening. And an analysis of the transactions over the last year also gives us confidence. Insiders likely see value in Artis Real Estate Investment Trust shares, given these transactions (along with notable insider ownership of the company). In addition to knowing about insider transactions going on, it’s beneficial to identify the risks facing Artis Real Estate Investment Trust. Our analysis shows 2 warning signs for Artis Real Estate Investment Trust (1 is a bit concerning!) and we strongly recommend you look at these before investing.

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.

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.

Leave a Comment