Generally, when a single insider buys stock, it is usually not a big deal. However, when several insiders are buying, like in the case of VICI Properties Inc. (NYSE:VICI), it sends a favourable message to the company’s shareholders.
While insider transactions are not the most important thing when it comes to long-term investing, logic dictates you should pay some attention to whether insiders are buying or selling shares.
View our latest analysis for VICI Properties
The Last 12 Months Of Insider Transactions At VICI Properties
In the last twelve months, the biggest single purchase by an insider was when Independent Chair of the Board James Abrahamson bought US$373k worth of shares at a price of US$28.26 per share. So it’s clear an insider wanted to buy, at around the current price, which is US$29.74. Of course they may have changed their mind. But this suggests they are optimistic. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today’s share price, as the discount to value may have narrowed with the rising price. Happily, the VICI Properties insiders decided to buy shares at close to current prices.
VICI Properties insiders may have bought shares in the last year, but they didn’t sell any. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
NYSE:VICI Insider Trading Volume November 8th 2021
There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).
Insiders at VICI Properties Have Bought Stock Recently
It’s good to see that VICI Properties insiders have made notable investments in the company’s shares. Not only was there no selling that we can see, but they collectively bought US$328k worth of shares. That shows some optimism about the company’s future.
Does VICI Properties Boast High Insider Ownership?
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. It appears that VICI Properties insiders own 0.2% of the company, worth about US$37m. While this is a strong but not outstanding level of insider ownership, it’s enough to indicate some alignment between management and smaller shareholders.
So What Does This Data Suggest About VICI Properties Insiders?
It is good to see recent purchasing. We also take confidence from the longer term picture of insider transactions. Insiders likely see value in VICI Properties shares, given these transactions (along with notable insider ownership of the company). So while it’s helpful to know what insiders are doing in terms of buying or selling, it’s also helpful to know the risks that a particular company is facing. You’d be interested to know, that we found 2 warning signs for VICI Properties and we suggest you have a look.
But note: VICI Properties may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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