Co-Executive Chairman Kevin Patrick Marchetti purchased 13,300 shares for approximately $500k on March 12, 2026, signaling confidence in the REIT's recovery potential. This buy comes as the stock trades near its 52-week low, offering a potential entry point for value investors.
Price context
The stock is currently trading at $36.63, down 6.09% over the past five days and 37.43% over the last year, but remains 12.85% above its 52-week low of $32.46.
Catalysts to watch
- •Q1 2026 earnings results are scheduled for May 6, 2026, which will provide clarity on the company's stabilization efforts.
- •RBC Capital raised the price target to $44 on March 10, 2026, citing Q4 FFO strength.
Risks
- •Short interest remains elevated at 9.93% of the float, potentially pressuring the stock if sentiment turns negative.
- •The industry buy percentage over the last 90 days is negative (-5.06%), indicating broader sector weakness.
AI-generated context from public data. Not investment advice. Verify before trading.