A key market for American Hotel Income Properties REIT is serving the lodging needs of U.S. railway crews. As such, fortunes are highly tied to the prosperity of American railroads. Recently, insiders have been showing a vote of confidence towards business prospects. As the REIT has struggled over the past month along with other small cap stocks, five insiders have spent $301,264 buying units. The biggest buyer was CEO Robert F. O'Neill who bought 14,900 units, followed by Canadian railway entrepreneur Peter Armstrong who bought 10,000 units.
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.
Infographic reflects public-market transactions of common shares or unit trusts by company officers and directors.
