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who is buying and selling

Aerial view of downtown Toronto, September 5, 2012Galit Rodan/The Globe and Mail

The real estate investment trust area has delivered strong returns in the post-Lehman Brothers low rate environment. Canadian REIT is no exception. Over the past four years, it is up about 125 per cent, excluding distributions. In light of the strong performance, it surprised us to see CEO Stephen Johnson acquire 28,000 units at $46.62 last week. While the purchases were compensation-related, it is more typical for insiders to be net sellers after sustained rallies. When insiders accumulate into strength, it often suggests that momentum can continue.

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.

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