Slate Retail REIT (SRT) has notable insider buying

Slate Retail REIT (:SRT)

Slate Retail REIT (SRT) has a high amount of executive buying compared to its mid-cap peers over the past three months. Gregory Stevenson, CEO, acquired 10,150 Trust Units Class U Units on a direct ownership basis at a price of $12.770 through the public market on October 2nd, 2018. This represents a $129,616 investment into the company's shares and an account share holdings change of 36.3%.

Slate Retail REIT (the REIT) is a Canada-based unincorporated open-ended real estate investment trust. The REIT focuses on acquiring, owning and leasing a portfolio of diversified revenue-producing commercial real estate properties in the United States with an emphasis on grocery-anchored retail properties. The REIT owns approximately 66 grocery anchored retail commercial properties located in the United States comprising over 7.6 million square feet of gross leasable area (GLA). The REIT's properties are located in approximately 20 states with a presence in over 20 metropolitan statistical areas (MSAs). Its properties include 98 Palms, Bloomingdale Plaza, Errol Plaza, Meres Town Center, Oak Hill Village, Salerno Village Square, Seminole Oaks, Uptown Station, County Line Plaza, Field Club Commons, Kennywood Shops, Lake Raystown Plaza, Summit Ridge, Buckeye Plaza, Hocking Valley Mall and Mulberry Square. The REIT's properties are managed by Slate Asset Management L.P. (Slate).