H&R REIT (T:HR) has notable insider net $ buying
Larry Froom, CFO, acquired 20,000 Units on a direct ownership basis at a price of $15.490 through an exercise of options on February 16th, 2017. The insider also disposed 3,753 Units on a direct ownership basis at a price of $23.210 through the public market on February 16th, 2017. This represents a $222,693 net investment into the company's shares and an account share holdings change of 60.4%.
H&R Real Estate Investment Trust (the REIT) is a Canada-based open-ended investment trust. The objectives of the REIT are to provide holders of REIT Units with stable and growing cash distributions, generated by revenue it derives from investments in income-producing real estate properties, and maximize REIT Unit value through the ongoing active management of the REIT's assets, acquisition of additional properties and the development and construction of projects, which are pre-leased to creditworthy tenants. It operates through Office, Primaris, H&R Retail, ECHO, Industrial and Residential Segments. The REIT owns and operates a portfolio of interests in over 510 Properties. The portfolio consists of over 40 properties located in Alberta, over 100 properties located in Ontario, approximately 50 properties located in Canada and over 320 properties located in the United States. The total leasable area of the properties is approximately 47.2 million square feet.