Insider Buying at Safety Income & Growth (SAFE) is Significant and Extends Trend of Last Quarter

Friday, August 11, 2017 10:15 PM ET

Insider Buying at Safety Income & Growth (SAFE) is Significant and Extends Trend of Last Quarter

There were significant insider purchases of Safety Income & Growth shares today, as shown in filings with the SEC as three insiders — iStar Inc, 10% Owner, Jay Sugarman, Director and Officer, and Geoffrey G Jervis, Officer — purchased 81,400 shares in the company having a net market value of approximately $1,545,949. 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 435,900 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net purchases of 517,300 shares and have averaged 86,217 shares per transaction over this time period.

Insiders at Safety Income & Growth have a higher number of buy/sell trades than the 7-peer company average over the last 90-day period. The Diversified REITs peer group saw 16 buy/sell trades during this period for an average of 2.3 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 435,900 shares purchased and 75,926 shares sold with company insiders acquiring 89,994 shares on average.

In determining significant insider buying and selling, trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data obtained to create and write this story.

Today’s Insider Activity
* iStar Inc, 10% Owner, bought 79,772 shares
* Jay Sugarman, Director and Officer, bought 816 shares
* Geoffrey G Jervis, Officer, bought 812 shares

Using proprietary artificial intelligence methods, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.

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