Scott Morrison is the independent trustee of Boardwalk Real Estate Investment Trust (TSE: BEI.UN) and they just recovered 9.1% more shares


While not a huge purchase, we think it was good to see Scott Morrison, the Independent Trustee of Boardwalk Real Estate Investment Trust (TSE: BEI.UN) recently spent C $ 51,000 to buy stock, at C $ 40.49 per share. However, that only increased their shares held by 9.1%, and it wasn’t a huge buy in absolute terms, either.

Check out our latest review for Boardwalk Real Estate Investment Trust

The Last 12 Months of Insider Trading at Boardwalk Real Estate Investment Trust

In fact, the recent purchase by Scott Morrison was the largest purchase of Boardwalk Real Estate Investment Trust shares by an insider in the past twelve months, according to our records. This implies that an insider found the current price of C $ 41.80 per share attractive. This means that they have been optimistic about the company in the past, even though they may have changed their minds. While we still love to see insider buys, it makes less sense if the buys were made at much lower prices, as the opportunity they saw may have passed. In this case, we are happy to report that the insider buys were made at prices close to current prices.

Over the past twelve months, insiders of the Boardwalk Real Estate Investment Trust have been buying stocks, but not selling them. The average purchase price was approximately C $ 31.71. It is certainly positive to see that insiders have put their own money into the business. However, we do note that they were buying at prices significantly lower than today’s share price of C $ 41.80. You can see insider trading (by companies and individuals) over the past year shown in the graph below. By clicking on the graph below, you can see the exact detail of each insider trade!

TSX: BEI.UN Insider Trading Volume July 6, 2021

There are always a lot of stocks that insiders buy. So if it suits your style, you can check each stock one by one or you can take a look at this free list of companies. (Hint: insiders bought them).

Insider ownership

Many investors like to check how well a company is owned by insiders. We generally like to see fairly high levels of insider ownership. Insiders of the Boardwalk Real Estate Investment Trust own about C $ 280 million in shares (or 13% of the company). This type of large insider ownership generally increases the chances that the business will be run in the best interests of all shareholders.

So what do the Boardwalk Real Estate Investment Trust’s insider trading indicate?

It’s certainly positive to see the recent insider buy. We also trust the longer term picture of insider trading. However, we note that the company has not made a profit in the past twelve months, which makes us cautious. Besides the high number of insiders, this analysis suggests that insiders are quite optimistic about Boardwalk Real Estate Investment Trust. Pleasant! So, while it is useful to know what insiders are doing in terms of buying or selling, it is also useful to know the risks that a particular company faces. At Simply Wall St, we have found that Boardwalk Real Estate Investment Trust has 3 warning signs (2 not to be overlooked!) That deserve your attention before going further in your analysis.

Of course Boardwalk Real Estate Investment Trust May Not Be The Best Stock To Buy. So you might want to see this free collection of high quality companies.

For the purposes of this article, insiders are the persons who report their transactions to the relevant regulatory body. We currently account for open market transactions and private assignments, but not derivative transactions.

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This Simply Wall St article is general in nature. It does not constitute a recommendation to buy or sell shares and does not take into account your goals or your financial situation. Our aim is to bring you long-term, targeted analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price sensitive companies or qualitative material. Simply Wall St has no position in any of the stocks mentioned.
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