March 8, 2019
Highlands REIT’s Common Stock Generating Interest in Auction Market
In terms of economic value, the recent auction history for the common shares of the nontraded Highlands REIT,...

Highlands REIT’s Common Stock Generating Interest in Auction Market

March 5, 2019 | James Sprow | Blue Vault

In terms of economic value, the recent auction history for the common shares of the nontraded Highlands REIT, a diversified self-managed portfolio that was spun off from InvenTrust, is not very significant. The history of this REIT’s transactions on the third-party auction site Central Trade & Transfer since the end of January shows 138,662 shares sold for a grand total of $25,995. What’s interesting is the uptick in auction pricing. For years, the common shares were selling at auction for less than $0.18 per share. Recently, however, the closing prices on these auctions have jumped, averaging $0.21 per share over the last five auctions, as of March 5, 2019.

Related: The Interesting Case of Highlands REIT – Part II in a Series on InvesTrust Properties Corporation

Highlands REIT’s most recent estimated NAV per share was $0.33, announced in January 2019.

The REIT has not announced any major changes recently to give a hint at why the auction pricing may be trending upward, but a price move from $0.16 on January 28 to $0.22 per share on March 4 is significant, even if this penny stock is not.

Recent

Eagle Point Credit Creditflux Awards

Eagle Point Credit Creditflux Awards

Eagle Point won 48% of the vote for “Best US CLO Equity Investor” and 42% of the vote for “Best US CLO Junior Debt Investor”.

Most Popular

Blue Vault Q2 2023 Performance Reports Update

Blue Vault Q2 2023 Performance Reports Update

Blue Vault Q2 2023 Performance Reports Update 10-3-2023 Blue Vault wishes to acknowledge and apologize for the delay in publishing some Q2 2023 NTR Individual Performance Pages (IPPs) as well as the full review. We recently added additional reporting metrics to our IPPs, and that, combined with coverage of all share classes and some additional…
Blue Vault Q2 2023 Performance Reports Update

Blue Vault Q2 2023 Performance Reports Update

Blue Vault Q2 2023 Performance Reports Update 9-25-2023 Blue Vault has published the Q2 2023 Nontraded BDC Industry Review as well as Individual Performance Report and Limited Operations pages for the following offerings (newly published pages in bold font): Nontraded REITS American Healthcare REIT Q2 2023 Apollo Realty Income Solutions Q2 2023 (limited operations) Ares…

Explore

Blue Vault Logo
Don’t miss alts news
and educational events

Subscribe Now