Thursday, January 11, 2018 10:15 PM ET
Significant Insider purchase of Safety Income & Growth (SAFE) Shares Extends the Buying Trend of Last Quarter
An insider — iStar Inc, 10% Owner — acquired 71,993 shares of Safety Income & Growth having a market value of approximately $1,292,115 today, 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 591,119 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net purchases of 663,112 shares and have averaged 331,556 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 22 buy/sell trades during this period for an average of 2.8 transactions per company. However, the number of shares per buy/sell trade for Safety Income & Growth is higher. Within the peer group there were 704,714 shares purchased and 2,238,409 shares sold with company insiders selling 69,713 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 used to create and write 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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