Monday, January 08, 2018 10:15 PM ET
Insider buy at Safety Income & Growth (SAFE) Extends the Trend of purchases over Last Quarter
One Safety Income & Growth insider — iStar Inc, 10% Owner — today, purchased 59,420 shares having a market value of approximately $1,066,495, as revealed in a form 4 document filed with the SEC. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the purchase of 531,699 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net purchases of 591,119 shares and have averaged 295,560 shares per transaction over this time period.
During the last 90 days, the number of insider buy/sell trades at Safety Income & Growth is lower than the 8-company peer group average. Diversified REITs peer group saw 21 buy/sell trades during this period for an average of 2.6 transactions per company. However, the number of shares per buy/sell trade for Safety Income & Growth is higher. Within the peer group there were 645,294 shares purchased and 2,238,409 shares sold with company insiders selling 75,863 shares on average.
Insider buying and selling activity that is significant 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 evaluating and writing this story.
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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