Highland REIT’s Common Stock Generating Interest in Auction Market

March 8, 2019

Highland 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.

Print Friendly, PDF & Email
Go Back
default image

I have been using Blue Vault Partners for the past five years.  I have found them to be a valuable, unbiased resource when it comes to evaluating and comparing non-traded REITs.  The reports help me analyze which sponsors are doing a responsible job of managing their offerings.  This allows me to limit my REIT recommendations to only the most competitive products, and then track those REITs throughout their life cycle.

Gil Armour, CFP SagePoint Financial, Inc. February 3, 2016