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 $52,686.Peter Mackenzie, a Senior Officer, acquired 1,862 Trust Units on a direct ownership basis at a price of $4.450 through the public market on December 22nd, 2022. This represents a $8,286 investment into the company's shares and an account share holdings change of 2.0%.

Michael Aaron Zakuta, CEO, Director and 10% Holder executive, acquired 10,000 Trust Units on an indirect ownership basis for registered holder Les Immeubles St-Prosper Inc. at a price of $4.440 through the public market on December 22nd, 2022. This represents a $44,400 investment into the company's shares and an account share holdings change of 0.4%.

Plaza Retail REIT (Trust) is a Canada-based open-ended real estate investment trust. The Trust operates a retail real estate ownership and development business in Canada. It is a retail property owner and developer, focused on Ontario, Quebec and Atlantic Canada. The Company's The Company's portfolio includes interests in approximately 253 properties totaling approximately 8.9 million square feet across Canada and additional lands held for development. The Company's property portfolio includes Alberta, Manitoba, New Brunswick, Newfoundland, Nova Scotia, Ontario, Prince Edward Island (PEI) and Quebec.