With central banks dragging their feet on raising interest rates, the New Year kicks off with a benign policy environment for REITs. However, units of H&R REIT have not benefited, having fallen about 4 per cent in the past month. Part of the sell-off may be anchored in investor recollections that the REIT's flagship commercial properties are located in Calgary. However, H&R has geographically diversified its portfolio over the years. Meanwhile, three insiders have bought the December dip, spending a total of $935,835 picking up units in the public market.
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.
