Wednesday, August 02, 2017 10:15 PM ET
Insider Buying at Safety Income & Growth (SAFE) is Significant and Extends Trend of Last Quarter
Three insiders — iStar Inc, 10% Owner, Jay Sugarman, Director and Officer, and Geoffrey G Jervis, Officer — acquired 116,624 shares of Safety Income & Growth having a market value of approximately $2,155,866 today, as disclosed in form 4 documents filed with the SEC. There have been 3 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been buys resulting in the purchase of 119,486 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net purchases of 236,110 shares and have averaged 39,352 shares per transaction over this time period.
During the last 90 days, the number of insider buy/sell trades at Safety Income & Growth is above the 7-company peer group average. Diversified REITs peer group saw 7 buy/sell trades during this period for an average of 1.0 transactions per company. The number of shares per buy/sell trade for Safety Income & Growth insiders was also higher. Within the peer group there were 119,486 shares purchased and 75,926 shares sold with company insiders having bought 10,890 shares on average.
The data obtained in composing and writing in this story eliminates all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers.
Today’s Insider Activity
* iStar Inc, 10% Owner, bought 114,292 shares
* Jay Sugarman, Director and Officer, bought 1,166 shares
* Geoffrey G Jervis, Officer, bought 1,166 shares
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