Those who follow with Accept real estate company (NYSE: ADC) will no doubt be intrigued by the recent stock purchase by the company’s independent director John Rakolta, who spent a whopping $785,000 on shares at an average price of $71.38. There is no denying that a purchase of this magnitude suggests a belief in a better future, although we note that proportionally it only increased their stake by 4.3%.
See our latest analysis for Agree Realty
Accept real estate insider trades in the past year
In fact, the recent purchase by John Rakolta was the largest purchase of Agree Realty stock by an insider in the past twelve months, according to our records. This implies that an insider found the current price of US$71.50 per share attractive. Of course, they may have changed their minds. But it does suggest they are optimistic. We always like to see insider buying, but it’s worth noting if those buys were made well below the current stock price, as the discount to value may have diminished as the price rose. The good news for Agree Realty shareholders is that insiders were buying at a price close to the current price.
Insiders of Accord Realty may have bought shares in the past year, but they haven’t sold any. You can see a visual representation of insider trading (by companies and individuals) over the past 12 months, below. If you click on the chart, you can see all individual trades including stock price, individual and date!
There are many other companies whose insiders buy shares. You probably do do not want to miss this free list of growing companies insiders are buying.
Does he accept that Realty boasts of owning a high insider level?
Many investors like to check how much a company is owned by insiders. We generally like to see fairly high levels of insider ownership. It’s great to see that Agree Realty insiders own 1.6% of the company, worth approximately $102 million. This type of significant insider ownership generally increases the chances that the company will be run in the best interests of all shareholders.
So what does this data suggest about real estate insiders agree?
It is certainly positive to see the recent insider buying. And an analysis of last year’s transactions also gives us confidence. Along with strong insider ownership, this analysis suggests that insiders are quite optimistic about Agree Realty. Sounds promising! So, while it is useful to know what insiders are doing in terms of buying or selling, it is also useful to know the risks that a particular company faces. For example – Agree Realty has 1 warning sign we think you should know.
Sure, you might find a fantastic investment by looking elsewhere. So take a look at this free list of interesting companies.
For the purposes of this article, insiders are persons who report their transactions to the relevant regulatory body. We currently record open market transactions and private dispositions, but not derivative transactions.
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Find out if Accept real estate is potentially overvalued or undervalued by viewing our full analysis, which includes fair value estimates, risks and warnings, dividends, insider trading and financial health.
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This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts only using unbiased methodology and our articles are not intended to be financial advice. It is not a recommendation to buy or sell stocks and does not take into account your objectives or financial situation. Our goal is to bring you targeted long-term analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price-sensitive companies or qualitative materials. Simply Wall St has no position in the stocks mentioned.