Investors fled the yield sensitive REIT group last spring when then Fed chairman Ben Bernanke hinted the Fed might begin to wind down its quantitative easing program. However, 10-year bond yields have remained under 3 per cent recently. If yields stay well-behaved, REITs could benefit. Driven by strong insider characteristics, Morguard North American REIT makes our screens. It has a mostly sunny INK Edge outlook placing it in the top 30 per cent of stocks ranked. On April 22, CEO Rai Sahi and director Bruce Robertson bought 50,000 units each between $9.75 and $9.78.
Ted Dixon is CEO of INK Research which provides insider news and knowledge to investors. For more background on insider reporting in Canada, visit the FAQ section at www.inkresearch.com. Securities referenced in this profile may have already appeared in recent reports distributed to INK subscribers. INK staff may also hold a position in profiled securities.
Infographic reflects public-market transactions of common shares or unit trusts by company officers and directors.