Anyone interested in Outfront Media Inc. (REIT) (NYSE:OUT) should probably be aware that the Senior VP, Patrick Martin, recently divested US$116k worth of shares in the company, at an average price of US$27.41 each. The eyebrow raising move amounted to a reduction of 32% in their holding.
Check out our latest analysis for Outfront Media (REIT)
Outfront Media (REIT) Insider Transactions Over The Last Year
The Independent Director, Peter Mathes, made the biggest insider sale in the last 12 months. That single transaction was for US$123k worth of shares at a price of US$24.61 each. That means that even when the share price was below the current price of US$27.46, an insider wanted to cash in some shares. As a general rule we consider it to be discouraging when insiders are selling below the current price, because it suggests they were happy with a lower valuation. While insider selling is not a positive sign, we can’t be sure if it does mean insiders think the shares are fully valued, so it’s only a weak sign. It is worth noting that this sale was only 12% of Peter Mathes’s holding.
Outfront Media (REIT) insiders didn’t buy any shares over the last year. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
NYSE:OUT Insider Trading Volume November 14th 2021
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Does Outfront Media (REIT) Boast High Insider Ownership?
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. It appears that Outfront Media (REIT) insiders own 0.8% of the company, worth about US$34m. While this is a strong but not outstanding level of insider ownership, it’s enough to indicate some alignment between management and smaller shareholders.
So What Do The Outfront Media (REIT) Insider Transactions Indicate?
Insiders sold stock recently, but they haven’t been buying. And even if we look at the last year, we didn’t see any purchases. While insiders do own shares, they don’t own a heap, and they have been selling. We’re in no rush to buy! In addition to knowing about insider transactions going on, it’s beneficial to identify the risks facing Outfront Media (REIT). Be aware that Outfront Media (REIT) is showing 3 warning signs in our investment analysis, and 1 of those can’t be ignored…
If you would prefer to check out another company — one with potentially superior financials — then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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