A single insider purchase of this size by a director/insider MacDonald Ryan S is a recognized bullish signal per Cohen/Malloy/Pomorski 2012. Monitor next quarterly filing for any operational catalyst or NAV update that may have motivated the concentrated buying.
Price Chart
Executive Summary
Director and insider MacDonald Ryan S purchased a total of $373K in BPRE shares over a one-week window, with the largest single-day purchase ($125K) occurring on September 21. This is a conviction buy by a single insider, not a cluster, and the dollar amount is material for a real estate fund of this size.
Key Financial Metrics
Key Facts
- MacDonald Ryan S (insider and director) bought $373K total in BPRE shares between Sept 14-21, 2026
- Largest purchase: 10,400 shares at $11.97 for $125K on Sept 21
- All trades were open-market purchases (code P) with no 10b5-1 plan indication
- Average purchase price across all trades was approximately $11.95
Financial Impact
$373K total insider purchase, representing a meaningful insider vote of confidence at ~$11.95/share
Risk Factors
- Single-insider buys can be idiosyncratic and may not reflect broader management sentiment
- No cross-filing context was provided — no earnings or fund performance data to confirm the bullish signal
- Real estate fund NAVs can be opaque — insider buying may reflect personal liquidity rather than fundamental view
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| INSIDER-BUY Data (Synthetic) | 0001398344-26-017349 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | Insider Cluster | $12.55 | awaiting T+20 | — | $12.50 (−0.40%) |
Oct 23, 2026 2d ago | Insider Cluster | $12.37 | awaiting T+20 | — | $12.50 (+1.05%) |
Oct 21, 2026 4d ago | Insider Cluster | $12.37 | awaiting T+20 | — | $12.50 (+1.05%) |
Oct 19, 2026 6d ago | Insider Cluster | $12.40 | awaiting T+20 | — | $12.50 (+0.81%) |
Oct 15, 2026 10d ago | Insider Cluster | $12.34 | awaiting T+20 | — | $12.50 (+1.30%) |
Oct 15, 2026 10d ago | Insider Cluster | $12.34 | awaiting T+20 | — | $12.50 (+1.30%) |
Oct 5, 2026 20d ago | Insider Cluster | $13.09 | awaiting T+20 | — | $12.50 (−4.51%) |
Sep 30, 2026 25d ago | Insider Cluster | $12.62 | awaiting T+20 | — | $12.50 (−0.95%) |
Sep 30, 2026 25d ago | Insider Cluster | $12.62 | awaiting T+20 | — | $12.50 (−0.95%) |
Sep 29, 2026 26d ago | Insider Cluster | $12.54 | awaiting T+20 | — | $12.50 (−0.32%) |
US Market Status
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