Wednesday, January 17, 2018 10:15 PM ET
Insider purchase at Safety Income & Growth (SAFE) prolongs buy activity of Last 90 Days
There was noteworthy buying activity in Safety Income & Growth shares by an insider today, as disclosed in a form 4 document filed with the SEC. One insider — iStar Inc, 10% Owner — purchased 74,453 shares in the company having a market value of approximately $1,332,314. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the purchase of 663,112 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net purchases of 737,565 shares and have averaged 368,783 shares per transaction over this time period.
Insider buy/sell trading at Safety Income & Growth is lower than the 8 peer company average over the last 90-day period. The Diversified REITs peer group saw 23 buy/sell trades during this period for an average of 2.9 transactions per company. However, the number of shares per buy/sell trade for Safety Income & Growth is higher. Within the peer group there were 776,707 shares purchased and 2,238,409 shares sold with company insiders having sold 63,552 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 composing 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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