Plaza Retail REIT has been in fashion with investors who pushed units to a 52-week high of $4.60 earlier this month. The REIT's momentum has cooled a bit, and one insider has bought the pullback. Joseph Robert Boudreau bought 3,550 units at $4.45 on March 11. Although the purchase was modest, it is encouraging to see buying instead of selling given the REIT's outperformance over the past year. For 2014, Plaza reported generating 29.7 cents per unit in funds from operation versus 26 cents the year before.
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.
