Plaza Retail REIT (PLZ) has notable insider buying

Plaza Retail REIT (T:PLZ)

Plaza Retail REIT (PLZ) has a high amount of executive buying compared to its small-cap peers over the past three months. According to regulatory filings yesterday, two insiders have invested a total amount of $101,559.Floriana Cipollone, CFO, acquired 6,600 Trust Units on a direct ownership basis at prices ranging from $4.700 and $4.740 through the public market on June 21st, 2017. This represents a $31,059 investment into the company's shares and an account share holdings change of 18.3%.

Michael Aaron Zakuta, CEO, Director and 10% Holder executive, acquired 15,000 Trust Units on an indirect ownership basis for registered holder Plaza Z-Corp Properties Inc. at a price of $4.700 through the public market on June 21st, 2017. This represents a $70,500 investment into the company's shares and an account share holdings change of 0.2%.

Plaza Retail REIT (Plaza) is a Canada-based open-ended real estate investment trust. The Company's objective is to deliver a growing yield to unitholders from a diversified portfolio of retail properties. The Company develops, owns and manages retail real estate primarily in Atlantic Canada, Quebec and Ontario. The Company offers a business strategy that differs from various peers in the real estate industry. The Company's portfolio includes interests in approximately 310 properties totaling over 7.1 million square feet, which are predominantly occupied by national tenants and additional lands held for development. These include properties indirectly held by Plaza through its subsidiaries and through joint arrangements. The Company's properties are located in Alberta, Newfoundland and Labrador, New Brunswick, Nova Scotia, Manitoba, Ontario, Prince Edward Island and Quebec. The Company's subsidiaries include Plaza Master Limited Partnership and Scott's Real Estate Limited Partnership.