When insiders start buying shares of their own company, it's often a sign that they believe the stock is undervalued and has the potential to rise in the future. This is because insiders have a deep understanding of their company's business and are privy to information that the general public is not.
Recently, there has been an increase in insider buying of real estate investment trusts (REITs). This suggests that REITs could be a good investment opportunity in the coming months.
Here are five REITs with recent insider buying:
Arbor Realty Trust Inc. (NYSE: ABR): This mortgage REIT (mREIT) originates bridge and mezzanine loans for commercial and residential properties. On Nov. 8, Chairman and CEO Ivan Kaufman bought 10,000 shares of Arbor Realty Trust common stock. On Nov. 16, CFO Paul Elenio purchased 7,500 shares of stock. The most recent closing price for Arbor Realty Trust was $12.19.
American Strategic Investment Co. (NYSE: NYC): This diversified REIT owns eight office and retail condominium assets in Manhattan and surrounding areas. On Nov. 17, New York City Advisors, a 10% owner of American Strategic, bought 1,536 shares of company stock. American Strategic recently closed at $8.17.
Bluerock Homes Trust Inc. (NYSE: BHM): This residential REIT buys and rents single-family homes in the Sun Belt and Western portions of the U.S. On Nov. 17, CFO and Treasurer Christopher J. Vohs purchased 12,000 shares of company stock. The most recent closing price for Bluerock Homes was $14.89.
Four Corners Property Trust Inc. (NYSE: FCPT): This diversified REIT owns restaurants, healthcare and other retail properties in the Sun Belt regions of the U.S. On Nov. 7, director Douglas B. Hansen purchased 4,950 shares of Four Corners common stock. The most recent closing price for Four Corners was $22.75.
Modiv Industrial Inc. (NYSE: MDV): This industrial REIT owns warehouses and distribution centers. On Oct. 25, director Thomas H. Nolan Jr. purchased 121.2553 shares of Modiv common stock. Modiv has been one of the best-performing REITs year to date, with a total return of 36.41%. Its most recent closing price was $15.41.
It is important to note that insider buying is not a guarantee that a stock will go up in price. However, it is a positive sign that insiders believe in the long-term value of their company. Investors should always do their own due diligence before making any investment decisions. (THIS IS NOT FINANCIAL ADVICE)
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