Today we return to Ontario-focused InterRent Real Estate Investment Trust, which we featured in June.
The REIT hit a multiyear high of $5.98 in August after releasing second-quarter earnings results and news that it would be boosting its monthly distribution 33 per cent to 1.333 cents.
The unit price has since pulled back and insiders have been buying. Since Aug. 28, three insiders have bought.
The largest purchaser was board of trustees chair Jacie Levinson who picked up 10,000 units in the public market at $5.64.
Ted Dixon is CEO of INK Research which provides insider news and knowledge to investors. For more background on insider reporting in Canada, visit the FAQ section at www.inkresearch.com. Securities referenced in this profile may have already appeared in recent reports distributed to INK subscribers. INK staff may also hold a position in profiled securities.
Chart reflects public-market transactions of common shares or unit trusts by company officers and directors.