Fortress Real Estate Investments Insiders Placed Bullish Bets Worth R127.5m
Multiple insiders secured a larger position in Fortress Real Estate Investments Limited (JSE:FFB) shares over the last 12 months. This is reassuring as this suggests that insiders have increased optimism about the company's prospects.
While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we would consider it foolish to ignore insider transactions altogether.
The Last 12 Months Of Insider Transactions At Fortress Real Estate Investments
Over the last year, we can see that the biggest insider purchase was by CEO, MD & Executive Director Steven Brown for R42m worth of shares, at about R22.94 per share. So it's clear an insider wanted to buy, at around the current price, which is R24.01. 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. In this case we're pleased to report that the insider purchases were made at close to current prices.
In the last twelve months Fortress Real Estate Investments insiders were buying shares, but not selling. 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!
Check out our latest analysis for Fortress Real Estate Investments
Fortress Real Estate Investments is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.
Insider Ownership Of Fortress Real Estate Investments
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. We usually like to see fairly high levels of insider ownership. Insiders own 1.1% of Fortress Real Estate Investments shares, worth about R315m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
So What Does This Data Suggest About Fortress Real Estate Investments Insiders?
It doesn't really mean much that no insider has traded Fortress Real Estate Investments shares in the last quarter. But insiders have shown more of an appetite for the stock, over the last year. Judging from their transactions, and high insider ownership, Fortress Real Estate Investments insiders feel good about the company's future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Fortress Real Estate Investments. Our analysis shows 3 warning signs for Fortress Real Estate Investments (1 is a bit concerning!) and we strongly recommend you look at them before investing.
But note: Fortress Real Estate Investments 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 of direct interests only, but not derivative transactions or indirect interests.
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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.