A Fast-Growing REIT Gets an Insider's Nod
Last week a BRE Properties (BRE) insider increased his BRE holdings significantly, according to an SEC filing, so let's take a closer look.
BRE board member Jeffrey Pero purchased a little over 2,000 shares at an average of price of $48.95, bringing his total to some 10,000 shares, including some 2,100 that are restricted. As a reminder, insider buys are generally considered to reflect particularly strong optimism on the company, since an insider would normally be moved to diversify away from a stock to which they are already heavily exposed -- or even to sell it....469 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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