Insider Weekends – Edition 359 - Insiders Of Two Retail REITs Buy Stock

You can view the list of recent insider transactions for Biogen Inc. here.

P/E: 16.42 Forward P/E: 11.58 Industry P/E: 13.51
P/S: N/A Price/Book: 4.84 EV/EBITDA: N/A
Market Cap: $56B Avg. Daily Volume: 1,618,595 52 Week Range: $223.02 – $333.65

3. DDR Corp. (DDR): $9.89

Shares of this shopping center REIT were acquired by 2 insiders:

  • Director Alexander Otto acquired 500,000 shares, paying $10.92 per share for a total amount of $5.46 million. Mr. Otto increased his stake by 1.15% to 44,009,893 shares with this purchase.
  • Director Thomas Finne acquired 2,000 shares, paying $11.05 per share for a total amount of $22,110. Mr. Finne increased his stake by 3.85% to 54,000 shares with this purchase.

The 52 week low list had recently been dominated by retail REITs as they face two strong headwinds in the form of rising interest rates and the shutting down of a record number of physical retail stores. I have been watching this group of about 25 companies with a lot of interest and insider purchases within the group may be one indicator of whether it is time to start fishing in this pond. Significant insider sales despite a decline in the stock as we saw in the case of the retail REIT Regency Centers Corporation (REG) in early March give me pause.

You can view the list of recent insider transactions for DDR Corp. here.

P/E: -57.5 Forward P/E: 247.25 Industry P/E: 28.34
P/S: N/A Price/Book: 1.31 EV/EBITDA: N/A
Market Cap: $3.61B Avg. Daily Volume: 5,726,296 52 Week Range: $9.61 – $19.92

4. Agree Realty Corporation (ADC): $46.02

Shares of this retail REIT were acquired by 2 insiders:

  • Executive Chairman of Board Richard Agree acquired 25,000 shares, paying $44.73 per share for a total amount of $1.12 million. Mr. Agree increased his stake by 5.53% to 477,016 shares with this purchase.
  • Director John Rakolta Jr. acquired 10,000 shares, paying $44.82 per share for a total amount of $448,200. Mr. Rakolta increased his stake by 6.28% to 169,133 shares with this purchase.

You can view the list of recent insider transactions for Agree Realty Corporation here.

P/E: 21.36 Forward P/E: 26.76 Industry P/E: 28.34
P/S: N/A Price/Book: 1.75 EV/EBITDA: N/A
Market Cap: $1.21B Avg. Daily Volume: 189,591 52 Week Range: $40.52 – $51.5

5. Cliffs Natural Resources Inc. (CLF): $6.28

Shares of this mining and natural resources company were acquired by 8 insiders:

  • Chairman, President & CEO Lourenco Goncalves acquired 200,000 shares, paying $6.31 per share for a total amount of $1.26 million. Mr. Goncalves increased his stake by 7.53% to 2,855,296 shares with this purchase.
  • Director Gabriel Stoliar acquired 7,100 shares, paying $6.90 per share for a total amount of $48,990. Mr. Stoliar increased his stake by 6.07% to 124,024 shares with this purchase.
  • Director John T. Baldwin acquired 6,000 shares, paying $6.32 per share for a total amount of $37,902. Mr. Baldwin increased his stake by 7.32% to 87,991 shares with this purchase.
  • Director Michael D. Siegal acquired 5,000 shares, paying $6.86 per share for a total amount of $34,294. These shares were purchased indirectly through a trust.
  • Director Robert P. Fisher acquired 4,000 shares, paying $6.83 per share for a total amount of $27,314. Mr. Fisher increased his stake by 5.39% to 78,186 shares with this purchase.
  • Director Douglas C. Taylor acquired 3,750 shares, paying $6.61 per share for a total amount of $24,771. These shares were purchased indirectly through a trust.
  • Director Eric M. Rychel acquired 3,000 shares, paying $6.55 per share for a total amount of $19,648. Mr. Rychel increased his stake by 25.33% to 14,845 shares with this purchase.
  • Director Joseph A. Rutkowski acquired 2,500 shares, paying $6.77 per share for a total amount of $16,925. Mr. Rutkowski increased his stake by 3.05% to 84,567 shares with this purchase.
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Disclaimer: Please do your own due diligence before buying or selling any securities mentioned in this article. We do not warrant the completeness or accuracy of the content or ...

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