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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.

NameTitleTrade DateShares PurchasedProspectusCurrent OwnershipIncrease In Shares
Benoit CyrCFOJune 183,000Yes27,822
shares
+12.1%
Claude GarciaDirectorJune 1110,000Yes133,209
shares
+8.1%
Jean-Pierre JansonDirectorJune 185,000Yes70,000 shares+7.7%
Michel LéonardCEOJune 11-1817,600Yes & No330,622 shares+5.6%
Peter PolatosDirectorJune 183,000Yes88,127
shares
+3.5%
Frédéric SeigneurVPJune 181,000Yes1,000 sharesfrom 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.

MonthInsider buying / sharesInsider selling / shares
June 201439,6000
May 20149500
April 20141,2000
March 201400
February 20143,9900
January 20142,2500
December 201300
November 201300
October 201300
September 201314,0000
August 201300
July 201310,0000
June 201312,9000
May 201300
April 20133,0250
March 201314,6900
February 201300
January 201310,3650

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:

RevenueC$16.5 million ($15.3 million)
Net incomeC$4.0 million ($3.7 million)
Book valueC$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.

CompanyBTBIFPTSRFCRXIF
Market Cap:116.74M120.24M2.86B
Qtrly Rev Growth (yoy):0.050.150.07
Revenue:59.09M53.92M375.11M
Operating Margin:0.500.560.41
Net Income:17.50M-4.80M80.78M
EPS:0.65-0.201.17
P/S:1.982.237.63
P/B:0.820.721.82
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.

CompanyInsider buying / sharesInsider selling / shares
PTSRF530,2920
CRXIF75,7160

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.

Source: BTB Real Estate Investment Trust: 6 Different Insiders Have Purchased Shares This Month