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BTB Real Estate Investment Trust: 6 Different Insiders Have ... | Real Estate Investing

BTB <b>Real Estate Investment</b> Trust: 6 Different Insiders Have <b>...</b> | Real Estate Investing

BTB <b>Real Estate Investment</b> Trust: 6 Different Insiders Have <b>...</b>

Posted: 21 Jun 2014 04:34 AM PDT

Summary

  • 6 insiders purchased BTB Real Estate Investment Trust stock within one month.
  • The stock was sold by no insiders in the month of intensive purchasing.
  • 2 of these 6 insiders increased their holdings by more than 10%.

BTB Real Estate Investment Trust (OTC:BTBIF) operates as an unincorporated open-ended real estate investment trust.

(click to enlarge)

Insider buying during the last 30 days

Here is a table of BTB Real Estate Investment Trust's insider activity during the last 30 days.

Name Title Trade Date Shares Purchased Prospectus Current Ownership Increase In Shares
Benoit Cyr CFO June 18 3,000 Yes 27,822
shares		 +12.1%
Claude Garcia Director June 11 10,000 Yes 133,209
shares		 +8.1%
Jean-Pierre Janson Director June 18 5,000 Yes 70,000 shares +7.7%
Michel Léonard CEO June 11-18 17,600 Yes & No 330,622 shares +5.6%
Peter Polatos Director June 18 3,000 Yes 88,127
shares		 +3.5%
Frédéric Seigneur VP June 18 1,000 Yes 1,000 shares from 0 to 1,000

There have been 39,600 shares purchased by insiders during the last 30 days. Most of these shares were purchased pursuant to a public offering.

Insider buying by calendar month

Here is a table of BTB Real Estate Investment Trust's insider activity by calendar month.

Month Insider buying / shares Insider selling / shares
June 2014 39,600 0
May 2014 950 0
April 2014 1,200 0
March 2014 0 0
February 2014 3,990 0
January 2014 2,250 0
December 2013 0 0
November 2013 0 0
October 2013 0 0
September 2013 14,000 0
August 2013 0 0
July 2013 10,000 0
June 2013 12,900 0
May 2013 0 0
April 2013 3,025 0
March 2013 14,690 0
February 2013 0 0
January 2013 10,365 0

There have been 112,970 shares purchased and there have been zero shares sold by insiders since January 2013. The month of June 2014 has seen the most insider buying.

Financials

BTB Real Estate Investment Trust reported the first-quarter financial results on May 12 with the following highlights:

Revenue C$16.5 million ($15.3 million)
Net income C$4.0 million ($3.7 million)
Book value C$5.43 per share ($5.03 per share)

The six insiders purchased their shares after these results.

BTB Real Estate Investment Trust announced on May 26 that it had purchased a commercial property in Saint-Jean-sur-Richelieu, province of Quebec for $29.3 million. On June 18, BTB Real Estate Investment Trust closed a $19.3 million public offering to fund this acquisition.

Competition

BTB Real Estate Investment Trust's competitors include Partners Real Estate Investment Trust (OTC:PTSRF), and Canadian Real Estate Investment Trust (OTC:CRXIF). Here is a table comparing these companies.

Company BTBIF PTSRF CRXIF
Market Cap: 116.74M 120.24M 2.86B
Qtrly Rev Growth (yoy): 0.05 0.15 0.07
Revenue: 59.09M 53.92M 375.11M
Operating Margin: 0.50 0.56 0.41
Net Income: 17.50M -4.80M 80.78M
EPS: 0.65 -0.20 1.17
P/S: 1.98 2.23 7.63
P/B: 0.82 0.72 1.82
Dividend Yield: 9.0% 10.1% 3.9%

BTB Real Estate Investment Trust has the lowest P/S ratio among these three companies.

Here is a table of these competitors' insider activities this year.

Company Insider buying / shares Insider selling / shares
PTSRF 530,292 0
CRXIF 75,716 0

Only BTB Real Estate Investment Trust has seen intensive insider buying during the last 30 days.

Conclusion

There have been six different insiders buying BTB Real Estate Investment Trust, and there have not been any insiders selling BTB Real Estate Investment Trust during the last 30 days. Two of these six insiders increased their holdings by more than 10%.

The stock is currently trading below the book value of $5.03 per share. The six insiders purchased their shares at prices ranging from $4.14 (C$4.47) to $4.21 (C$4.55). I believe BTB Real Estate Investment Trust could be a good pick below $4.21 based on the intensive insider buying.

Editor's Note: This article discusses one or more securities that do not trade on a major exchange. Please be aware of the risks associated with these stocks.

Disclosure: The author has no positions in any stocks mentioned, but may initiate a long position in BTBIF over the next 72 hours. The author wrote this article themselves, and it expresses their own opinions. The author is not receiving compensation for it (other than from Seeking Alpha). The author has no business relationship with any company whose stock is mentioned in this article. (More...)

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