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Insiders who bought CA$223.7k worth of Artis Real Estate Investment Trust's (TSE:AX.UN) stock at an average buy price of CA$7.68 over the last year may be disappointed by the recent 12% decrease in the stock. Insiders invest with the hopes of seeing their money grow in value over time. However, as a result of recent losses, their initial investment is now only worth CA$199.9k, which is not what they expected.
While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, logic dictates you should pay some attention to whether insiders are buying or selling shares.
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$88k worth of shares at a price of CA$8.02 each. That means that even when the share price was higher than CA$6.86 (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. We always take careful note of the price insiders pay when purchasing shares. As a general rule, we feel more positive about a stock if insiders have bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price.
Artis Real Estate Investment Trust insiders may have bought shares in the last year, but they didn't sell any. 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!
See our latest analysis for Artis Real Estate Investment Trust
Artis Real Estate Investment Trust is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.
Artis Real Estate Investment Trust Insiders Bought Stock Recently
There was some insider buying at Artis Real Estate Investment Trust over the last quarter. Independent Director Jacqueline Moss purchased CA$49k worth of shares in that period. We like it when there are only buyers, and no sellers. But the amount invested in the last three months isn't enough for us too put much weight on it, as a single factor.
Insider Ownership Of Artis Real Estate Investment Trust
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. Insiders own 3.5% of Artis Real Estate Investment Trust shares, worth about CA$23m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.