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Northern Property REIT CEO bought on December dip

REITs are one of the few areas with bullish Canadian insider sentiment right now. Today we look at Northern Property REIT. Three-quarters of the portfolio is multi-family with the rest split between commercial and hotel. In December, CEO B. James Britton bought 13,000 units between $26.30 and $27.48. The purchase was particularly notable in light of the company's subsequent announcement that Mr. Britton plans to retire in May. Northern Property REIT has above-median beneficial ownership by officers and directors compared to other mid-cap Financials stocks.

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 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.

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