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

Monday, September 25, 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 — purchased 56,913 shares of Safety Income & Growth having a market value of approximately $1,100,263 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 1,244,955 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net purchases of 1,301,868 shares and have averaged 216,978 shares per transaction over this time period.

Safety Income & Growth level of buy-sell trading activity is close to the 8 member peer company average. The Diversified REITs peer group saw 50 buy/sell trades during this period for an average of 6.3 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 1,251,740 shares purchased and 28,000 shares sold with company insiders having bought 244,748 shares on average.

Significant insider buying and selling activity has been determined by eliminating 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 in data sourced in evaluating and writing this story.

Today’s Insider Activity
* iStar Inc, 10% Owner, bought 55,771 shares
* Jay Sugarman, Director and Officer, bought 560 shares
* Geoffrey G Jervis, Officer, bought 582 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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