Ontario multifamily dwelling focused InterRent REIT has had a high amount of executive buying compared to its small-cap peers over the past three months. Most recently, CEO Michael Darryl McGahan acquired 12,000 units at a reported price of $4.055 through the public market on May 25, 2012. In addition, on the same day Paul Bouzanis, a director, acquired 2,900 units at prices ranging from $4.09 and $4.13. Another officer also bought 1,000 shares on May 25 at $4.03. InterRent has above median officer and director beneficial ownership compared to its peers.
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.
Infographic: InterRent insiders are buying