| Period | Completed events | Price coverage | Hit rate | Median excess return | Average excess return | Worst excess return |
|---|---|---|---|---|---|---|
| 5D | 1Small sample | 100.0% (1/1) | 100.0% (1/1) | +0.0% | +0.0% | +0.0% |
| 20D | 1Small sample | 100.0% (1/1) | 100.0% (1/1) | +3.0% | +3.0% | +3.0% |
| 60D | 0No data | Awaiting maturity | — | — | — | — |
| 120D | 0No data | Awaiting maturity | — | — | — | — |
COMPANY RESEARCH
Schroder Real Estate Investment Trust Limited
SREI.L · United Kingdom · Real Estate · REIT—Diversified
INSIDER SIGNAL
Insider activity score：72.3 / 100
4 insiders · 4 purchase events · €97k net purchases
Europe #41 · United Kingdom #12
WHY THIS SIGNAL?
Score anatomy
Each bar shows the contribution to the current score; the weights and formula stay unchanged.
Cluster+35.0 / 35
How many distinct insiders bought in the cluster
Purchase size+18.6 / 25
Purchase value relative to company size and liquidity
Role+13.0 / 20
The seniority and relevance of participating insiders
Recency+1.7 / 10
How recently the purchases occurred
Conviction+10.0 / 10
How clearly buying stands out from other activity
What is holding the score back?
- ⚠ Insider role contributes less on the current role scale
- ⚠ Purchase activity is becoming less recent
- ✓ Broad buyer cluster · 4+ distinct filers
The role contribution uses the inverted role input of the current European model.
Buying concentration
37%
Largest buyer：Ms Priscilla Davies · 30k GBP
Gross qualified purchase transaction-line value：82k GBP
The headline € total is net buying for the screen; this module uses gross qualified purchase transaction-line values in the filing currency, so the amounts can differ. The current 15-day buyer-breadth input counts distinct buyers; value concentration is disclosed separately here.
This is a ranking under the current European screening rules—not a probability of gain, return forecast, or buy recommendation.
Key purchase quotes (filing currency)
| Filer | Price per unit | Trade date |
|---|---|---|
| Ms Priscilla Davies | 0.413978 GBP | Sep 21, 2026 |
| Mr Alastair Hughes | 0.407989 GBP | Sep 18, 2026 |
| Mr Richard Dakin | 0.400997 GBP | Sep 15, 2026 |
Model details
Cluster breakdown (does not change the score)
- 15-day buyer breadth (count)
- 4 distinct reported filers
- Peak time window
- 2026-09-15 to 2026-09-21
- Current breadth input
- 1.000 (capped at 4+ buyers)
- Buyer independence
- Not yet measured; related-party fields are not cross-market comparable
What the filings show
- 🟢 Recent eligible purchase
Ms Priscilla Davies · 30k GBP · Price 0.413978 GBP · Sep 21, 2026 - 🟢 PDMR purchase
Mr Alastair Hughes · 20k GBP · Price 0.407989 GBP · Sep 18, 2026 - 🟢 PDMR purchase
Mr Richard Dakin · 20k GBP · Price 0.400997 GBP · Sep 15, 2026 - 🟡 1 remaining qualified transaction line(s) across 1 disclosure(s)
Insider vs stock price
4 purchase day(s), 4 purchase line(s) in the 180-day window.
Daily close (GBp)Day with an insider purchase
Markers sit on the closing price of the transaction day. They show when insiders traded, not the price they paid or received. "Since" compares that day's close with the last close shown; it is what happened at this company, not a forecast.
If you had followed the purchase
Each row starts on the first close on or after the day a purchase was made public, the earliest a reader could have acted, and ends on the last close shown above.
| Made public | Insiders | In this stock, now | In the median peer stock, now | Difference |
|---|---|---|---|---|
| 2026-09-15 | 1 | 1,038 +3.8% | 1,014 +1.4% | +24 +2.4 pts |
| 2026-09-16 | 1 | 1,031 +3.1% | 1,015 +1.5% | +17 +1.7 pts |
| 2026-09-18 | 1 | 1,051 +5.1% | 1,010 +1.0% | +41 +4.1 pts |
| 2026-09-21 | 1 | 1,035 +3.5% | 1,000 +0.0% | +35 +3.5 pts |
4 of 4 disclosure day(s) ended ahead of the median peer stock.
Close to close, before costs, taxes, dividends and currency moves. The peer is the median of the other stocks on the same exchange for which this site holds prices (84 here), not an index. This is what happened, not a forecast: across all purchases on this site the typical gap is close to zero.
Insider timeline
4 insiders bought within 7 days, 15 Sep to 21 Sep: 3 Board member, 1 Associated person. The share closed at 41.05 on the first of those days and at 42.60 most recently (+3.8%). That week 173 companies across Europe disclosed insider purchases, an ordinary week (18 of the last 26).
Tap an item for what it means.
●A purchase: the bigger the dot, the more was bought
Each dot is one insider's purchases on one day. The dot's area follows the amount: the largest purchase here gets the largest dot. Hold the pointer over a dot to see the date and the amount.
▮Purple band: several insiders bought within 15 days
The band marks the stretch with the most different buyers: at most 15 days long and at least two people. Here it is 15 Sep – 21 Sep, with 4 insiders. Only the strongest stretch is marked. Several people deciding the same thing is harder to explain by one person's private reasons, but insiders often buy together just after a closed period ends, so compare it with the grey weekly bars.
Blue line: this share's price, −15.6% over these six months
The closing price of each day, from 50.50 on 2026-04-21 to 42.60 on 2026-10-16. The line has no scale; read it for high and low: a dot on a low stretch was bought cheaply, a dot on a high stretch was not.
Dashed line: the typical stock on the same exchange, +2.7%
Taken from the 491 other stocks on the same exchange that this site holds prices for. Each is measured from the first day of the window, and every day the middle one is drawn. It starts where the blue line starts, so the gap between the two is the difference: this share −15.6%, the typical one +2.7%, 18.3 points behind. It is not an index and not a comparison within one industry.
▂Grey bars: companies across Europe disclosing purchases each week
A taller bar is a week in which more companies disclosed insider purchases. The purple bar is the week of the band above: 173 companies, number 18 of the last 26 weeks. If that week was a peak anyway, buying together is less special than it looks.
This company: insiders buying per month, last 12 months
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
4Sep
Oct
Darker bars are inside the 180-day window above.
Who traded
| Insider | Role | Purchases | Sales | Bought | First purchase | Share price since | Earlier purchases |
|---|---|---|---|---|---|---|---|
| Mr Richard Dakin | Board member | 1 | — | 20.0k GBP | 2026-09-15 | +3.8% | fewer than 5 completed |
| Mr Alastair Hughes | Board member | 1 | — | 20.0k GBP | 2026-09-18 | +5.1% | fewer than 5 completed |
| Ms Priscilla Davies | Board member | 1 | — | 30.0k GBP | 2026-09-21 | +3.5% | fewer than 5 completed |
| Mrs Heena Patel | Associated person | 1 | — | 12.0k GBP | 2026-09-16 | +3.1% | fewer than 5 completed |
Why this score? · Model details
Priority = 100 × Σ(fixed weight × 0–1 rule-based input)
| Factor | Weight | This company input | Point contribution |
|---|---|---|---|
| 15-day buyer breadth (count) | 35% | 1.000 | 35.0 |
| Qualified-buy size | 25% | 0.745 | 18.6 |
| Role informativeness (inverted) | 20% | 0.350 | 7.0 |
| Recency | 10% | 0.165 | 1.7 |
| Buy/sell conviction | 10% | 1.000 | 10.0 |
This is a heuristic ordering under the current rules, not a calibrated return forecast. It explains why candidates rank differently; the public-filing evidence and data limits are shown below.
BULL VS BEAR
Two readings of this buying
The same filings, read two ways. Each line is a fact stored for this company with the number behind it, and appears only when that number crosses a fixed threshold. Neither side is a forecast and no winner is declared.
Since 2026-10-13: new on the bear side: small purchases; no longer on the bear side: price down over six months. All bull and bear lists, and what followed each line in the past →
Where the evidence comes from
Independent evidence does not object: the purchases themselves carry bull lines (several insiders together, more buyers than usual here); share price and trading, short sellers, company results, company actions were checked and none crosses a bear threshold.
- The insider purchases themselvesBullseveral insiders together, more buyers than usual here Bearsmall purchases4 checked, under the threshold · 3 missing
- Share price and trading3 checked, under the threshold
- Short sellers1 checked, under the threshold
- Company results1 checked, under the threshold · 1 missing
- Company actions1 checked, under the threshold
Bull case · the buying is informative
- 4 insiders bought within 15 days (2026-09-15 to 2026-09-21). Several people reaching the same decision at the same time is hard to put down to one person's circumstances.Record: after 5,401 earlier disclosures like this, the median 60-session excess return was −3.3%, within 1 percentage point of all comparable disclosures (−3.3%).
- No insider bought in the 180 days before this window; 4 have bought in it. The buying is new for this company, not a habit.Record: after 3,134 earlier disclosures like this, the median 60-session excess return was −2.7%, within 1 percentage point of all comparable disclosures (−2.7%).
Bear case · discount it
- Insider purchases in the last 20 sessions equal 0.08% of the stock's traded value over those sessions: too small to register in the market.
Evidence still missing
- No buyer here has 5 or more completed earlier purchases on record, so there is no track record to weigh.
- Only one reading of profitability is held (profit margin 45%). Whether earnings and cash flow are rising or falling needs the last two reports side by side.
- European notifications have no field saying whether a purchase was pre-arranged; there is no counterpart to the US 10b5-1 box. None of the 4 purchase lines mentions a plan, but a bare “Share purchase” does not rule one out.
- The filings give the size of each trade, not what the buyer already held. Whether a purchase added 1% to a personal stake or doubled it is not known.
Checked and under the threshold: 10, 1 close to it
- BearThe share price changed −16% over six months (three months −6.9%, one month +4.7%) and stands 28% below its 52-week high. Counted for the bear side from a fall of 20%. close to the threshold
- BearThe largest buyer accounts for 37% of the value bought. Counted for the bear side from 80%.
- Bear0 of 4 buyers filed as a person closely associated with a manager. Counted for the bear side from half.
- BearNo insider sale is recorded in the same 180 days.
- EitherThe latest purchase is 26 days old. Bull up to 14 days, bear from 90.
- BearOver three months the share price changed −6.9% and the median of 164 Real Estate companies changed −6.9%: behind by 0 points. Counted for the bear side from 20 points behind.
- BearPublished net short positions total 0.34% of the share capital. Counted for the bear side from 2%. On 2026-10-02 it was 0.28%: up 0.06 points since.
- BullThe company announced no transaction in its own shares in the last 30 days.
- BearProfit margin on the latest captured figures is 45%. Counted for the bear side when negative.
- BearAbout €2.3M of the stock changes hands on an average day. Counted for the bear side below €500k.
Both columns arrange stored facts only. They do not change the insider score or the ranking and are not investment advice.
Signal history
72.3 / 100
Latest recorded score
↓ -7.0 ptssince the first recorded snapshot on 2026-09-23; 25 calendar days observed
- Recorded snapshots
- 21
- First snapshot
- 2026-09-23
There is not yet a 30-calendar-day comparison; earlier scores are not reconstructed. These are raw signal scores saved when each full scoring run completed. They describe changes in research ranking, not price performance or returns.
Why did it change?
Less than 30 days of comparable history is available, so factor movement is not yet decomposed.
Signal score history
Fixed 0–100 scale; dates are spaced by calendar time.
Recent recorded points
- 79.3
- 76.0
- 74.4
- 72.9
- 72.3
View all recorded scores
| Snapshot date | Signal score |
|---|---|
| 2026-09-23 | 79.3 |
| 2026-09-24 | 78.7 |
| 2026-09-25 | 78.2 |
| 2026-09-28 | 76.7 |
| 2026-09-29 | 76.3 |
| 2026-09-30 | 76.0 |
| 2026-10-01 | 75.6 |
| 2026-10-02 | 75.3 |
| 2026-10-03 | 75.3 |
| 2026-10-04 | 75.3 |
| 2026-10-05 | 74.4 |
| 2026-10-06 | 74.1 |
| 2026-10-07 | 73.9 |
| 2026-10-08 | 73.7 |
| 2026-10-09 | 73.5 |
| 2026-10-12 | 72.9 |
| 2026-10-13 | 72.8 |
| 2026-10-14 | 72.6 |
| 2026-10-15 | 72.5 |
| 2026-10-16 | 72.4 |
| 2026-10-18 | 72.3 |
Sector context
- Buying breadth
- 9.0% (32 / 354 issuers)
- Sector rank
- #5 / 12
- 7D breadth change
- -0.9 pp · vs 2026-10-12 (6d)
- 30D breadth change
- History building
This is sector-level research context. It does not affect the Insider Signal or ranking.
Insider profile outcomes
Historical performance following insider filings. The company role is translated below each name while preserving the original title.
- Excess return = stock return − FTSE 100 return over the same period.
- Hit rate = completed events with positive excess return ÷ total completed events.
- Price coverage = valid point-in-time prices ÷ events mature enough for that period.
- Returns start on the first shared trading session on or after publication.
- Small-sample rule: n<5 is shown for transparency and is not scored.
Events are disclosure-level observations; related disclosures published on the same date may share a return path and may not be statistically independent. This research enrichment does not affect the insider score or ranking.
| Period | Completed events | Price coverage | Hit rate | Median excess return | Average excess return | Worst excess return |
|---|---|---|---|---|---|---|
| 5D | 1Small sample | 100.0% (1/1) | 0.0% (0/1) | -0.3% | -0.3% | -0.3% |
| 20D | 1Small sample | 100.0% (1/1) | 0.0% (0/1) | -1.6% | -1.6% | -1.6% |
| 60D | 0No data | Awaiting maturity | — | — | — | — |
| 120D | 0No data | Awaiting maturity | — | — | — | — |
| Period | Completed events | Price coverage | Hit rate | Median excess return | Average excess return | Worst excess return |
|---|---|---|---|---|---|---|
| 5D | 1Small sample | 100.0% (1/1) | 0.0% (0/1) | -0.9% | -0.9% | -0.9% |
| 20D | 1Small sample | 100.0% (1/1) | 0.0% (0/1) | -0.5% | -0.5% | -0.5% |
| 60D | 0No data | Awaiting maturity | — | — | — | — |
| 120D | 0No data | Awaiting maturity | — | — | — | — |
Market context
PRICE PERFORMANCE
VOLATILITY & LIQUIDITY
- Volatility
- 23.3%
- Beta
- 0.53
- Avg daily volume
- £1.5M
VALUATION
- Market cap
- £386.0M
- P/E
- 13.6×
FUNDAMENTALS
- Profit margin
- 45.2%
- ROE
- 4.7%
- Industry
- REIT - Diversified
Prices to 16 Oct 2026: price cache (Yahoo Chart/risk profile). From OpenBB/yfinance, captured 16 Oct 2026: Market cap, P/E, Profit margin, ROE, Beta, Industry. It does not affect the insider score or rank.
Disclosed net short positions
- Aggregate net short
- 0.34%
- Latest position date
- 14 Oct 2026
The FCA publishes one aggregate figure per issuer, the sum of all positions notified to it, and does not name the holders. Source: FCA · read 18 Oct 2026
Short-position disclosures are external context; they do not affect the insider score, ranking, or filing eligibility.
Insiders' buying price vs the latest close
Insiders paid 0.4076 GBP a share on average (4 purchase lines, 4 buyers, 2026-09-15 – 2026-09-21). The close on 2026-10-16 was 4.5% above that price.
The latest purchase (2026-09-21) was at 0.4140 GBP; the close was 2.9% above that price.
Prices paid are weighted by shares and taken from the filings; dividends are not counted. Not scored.
Buying size vs market trading
0.08% · of estimated traded value in the same period
2026-09-21 – 2026-10-16 · 20 recorded trading sessions
- Disclosed qualifying purchases
- 29,991 GBP
- Estimated market traded value
- 38,308,551 GBP
Market-data coverage: 514 verified sessions · Latest session: 2026-10-16 · Ratio status: Available
Recent and largest purchase events / preceding 60-session ADTV
- Sep 21 · Ms Priscilla Davies · Director29,991 GBP · 2.42%1,238,663 GBP ADTV
- Sep 18 · Mr Alastair Hughes · Director19,991 GBP · 1.67%1,194,794 GBP ADTV
- Sep 16 · Mrs Heena Patel · PCA to Mr Sanjay Patel11,994 GBP · 1.13%1,058,713 GBP ADTV
- Sep 15 · Mr Richard Dakin · Non-Executive Director20,050 GBP · 2.05%979,328 GBP ADTV
Traded value is estimated as close × shares traded, in major currency units. Includes disclosed qualifying purchases; disclosures may lag. Contractual or planned acquisitions are not necessarily discretionary. Ratios describe relative trading size, not market participation or score contributions.
Latest news
News capture status: ok. Articles were retained for audit but none met the reader threshold.
Regulatory filings
- Insider filing announcement · published 2026-09-21 · trade date 2026-09-21
- Insider filing announcement · published 2026-09-18 · trade date 2026-09-18
- Insider filing announcement · published 2026-09-16 · trade date 2026-09-16
Unfold all 4 filings
- Insider filing announcement · published 2026-09-21 · trade date 2026-09-21
- Insider filing announcement · published 2026-09-18 · trade date 2026-09-18
- Insider filing announcement · published 2026-09-16 · trade date 2026-09-16
- Insider filing announcement · published 2026-09-15 · trade date 2026-09-15
Filing evidence
These are underlying national-feed records from the 365-day window ending on the saved ranking snapshot. The score uses only the latest 180 days; older qualifying equity purchases remain visible for audit but do not enter the current score. The original filer, role, transaction classification, instrument, price, volume, value and source fields are retained. The first three rows are shown; remaining records can be unfolded for audit. Other transaction types are retained but excluded from the score.
Excluded transactions & classification
4 qualifying purchase disclosure(s) · 4 transaction line(s)
Sep 21, 2026Share purchase
Ms Priscilla Davies · Director
Ordinary shares of no par value ISIN: GB00B01HM147 · 72447 shares × 0.413978 GBP · —
Open filingSep 18, 2026Share purchase
Mr Alastair Hughes · Director
Ordinary shares of no par value ISIN: GB00B01HM147 · 49000 shares × 0.407989 GBP · —
Open filingSep 16, 2026Share purchase
Mrs Heena Patel · PCA to Mr Sanjay Patel
Ordinary shares of no par value ISIN: GB00B01HM147 · 29779 shares × 0.40278 GBP · —
Open filingUnfold all 1 remaining filing row(s)
| Transaction date | Published | Filer | Role | Transaction | Instrument | Price (local currency) | Quote currency | Volume | Source |
|---|---|---|---|---|---|---|---|---|---|
| 2026-09-15 | 2026-09-15 | Mr Richard Dakin | Non-Executive Director | Share purchase | Ordinary shares of no par value ISIN: GB00B01HM147 | 0.400997 GBP | GBP | 50000 | Open filing |
Showing 4 of 4 matching raw-feed row(s) from the current 365-day research window. Prices and reported values remain in the filing currency and its major unit (for example, UK pence are parsed as GBP). The screen-level € aggregate is separately FX-normalised for research ranking, not a trade-date conversion.
Other disclosed transactions · excluded from score
The underlying filing feed is unavailable in this snapshot; this is not a claim that no filings exist.
Snapshot & identity
- Snapshot date
- 2026-10-18
- Ticker
- SREI.L
- ISIN
- GB00B01HM147
- Sector
- Real Estate
- Industry
- REIT—Diversified
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