Safety Income & Growth (SAFE) sees Significant Insider Buying Extending the Trend of Last 90 Days

Thursday, September 07, 2017 10:15 PM ET

Safety Income & Growth (SAFE) sees Significant Insider Buying Extending the Trend of Last 90 Days

Three insiders — iStar Inc, 10% Owner, Jay Sugarman, Director and Officer, and Geoffrey G Jervis, Officer — bought 74,448 shares of Safety Income & Growth having a market value of approximately $1,458,653 today, as revealed 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 acquisition of 901,600 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net purchases of 976,048 shares and have averaged 162,675 shares per transaction over this time period.

Over the last 90 days, the number of insider buy/sell trades at Safety Income & Growth is greater than the 7-company peer group average. Diversified REITs peer group saw 38 buy/sell trades during this period for an average of 5.4 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 908,385 shares purchased and 28,000 shares sold with company insiders purchasing 176,077 shares on average.

To bring into focus significant insider buying and selling activity, 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 has been eliminated in data obtained to compose and write this story.

Today’s Insider Activity
* iStar Inc, 10% Owner, bought 72,960 shares
* Jay Sugarman, Director and Officer, bought 744 shares
* Geoffrey G Jervis, Officer, bought 744 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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