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

Wednesday, September 20, 2017 10:15 PM ET

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

There were significant insider purchases of Safety Income & Growth shares today, as revealed in filings with the SEC as three insiders — iStar Inc, 10% Owner, Jay Sugarman, Director and Officer, and Geoffrey G Jervis, Officer — purchased 82,043 shares in the company having a net market value of approximately $1,578,809. 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 1,162,912 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net purchases of 1,244,955 shares and have averaged 207,493 shares per transaction over this time period.

The level of buy-sell trading at Safety Income & Growth is near the 8 member peer company average. The Diversified REITs peer group saw 47 buy/sell trades during this period for an average of 5.9 transactions per company. However, the number of shares per buy/sell trade transacted by Safety Income & Growth insiders is higher. Within the peer group there were 1,169,697 shares purchased and 28,000 shares sold with company insiders having bought 228,339 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 sourced to compose and write this story.

Today’s Insider Activity
* iStar Inc, 10% Owner, bought 80,402 shares
* Jay Sugarman, Director and Officer, bought 822 shares
* Geoffrey G Jervis, Officer, bought 819 shares

Using proprietary Natural Language Generation (NLG) technology, 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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