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Summary

  • 5 insiders purchased Crombie Real Estate stock within one month.
  • The stock was sold by no insiders in the month of intensive purchasing.
  • 3 of these 5 insiders increased their holdings by more than 10%.

Crombie Real Estate Investment Trust (OTC:CROMF) operates as an open-ended real estate investment trust.
(click to enlarge)

Insider buying during the last 30 days

Here is a table of Crombie Real Estate's insider activity during the last 30 days.

NameTitleTrade DateShares PurchasedPublic OfferingCurrent OwnershipIncrease In Shares
Empire Company Limited (EMP.A)10% OwnerMay 303,018,868Yes53,260,113
shares
+6.0%
Glenn HynesCFOMay 307,500Yes113,693 shares+7.1%
Brian JohnsonDirectorMay 3015,000Yes36,300 shares+70.4%
Trevor LeeVPMay 301,400Yes1,400 sharesfrom 0 to 1,400
Barbara PalkDirectorMay 3012,000Yes12,000 sharesfrom 0 to 12,000

There have been 3,054,768 shares purchased by insiders during the last 30 days. All these shares were purchased pursuant to a public offering.

Insider buying by calendar month

Here is a table of Crombie Real Estate's insider activity by calendar month.

MonthInsider buying / sharesInsider selling / shares
May 20143,054,7680
April 201400
March 201402,000
February 201400
January 201400
December 201300
November 201311,811,0240
October 201300
September 201300
August 201300
July 201300
June 201300
May 201302,200
April 201300
March 201300
February 201300
January 201300

(Note: The table doesn't include shares acquired pursuant to a purchase/ownership plan)

There have been 14,865,792 shares purchased and there have been 4,200 shares sold by insiders since January 2013.

Financials

Crombie Real Estate reported the first-quarter financial results on May 14 with the following highlights:

RevenueC$90.9 million ($83.4 million)
Funds from operationsC$34.5 million ($31.7 million)
Book value$8.36 per share

The five insiders purchased their shares after these results.

Competition

Crombie Real Estate's competitors include Calloway Real Estate Investment Trust (OTC:CWYUF), and First Capital Realty (OTC:FCRGF). Here is a table comparing these companies.

CompanyCROMFCWYUFFCRGF
Market Cap:1.50B3.37B3.65B
Qtrly Rev Growth (yoy):0.290.130.04
Revenue:292.29M555.96M593.43M
Operating Margin:0.440.650.59
Net Income:36.43M174.53M181.02M
EPS:0.351.300.86
P/S:5.126.036.14
P/B:1.461.121.20
Dividend Yield:6.7%5.7%4.4%

Crombie Real Estate has the highest dividend yield among these three companies.

Here is a table of these competitors' insider activities this year.

CompanyInsider buying / sharesInsider selling / shares
CWYUF00
FCRGF0124,700

Only Crombie Real Estate has seen intensive insider buying during the last 30 days.

Conclusion

There have been five different insiders buying Crombie Real Estate, and there have not been any insiders selling Crombie Real Estate during the last 30 days. Three of these five insiders increased their holdings by more than 10%.

The five insiders purchased their shares at $12.16 (C$13.25). I believe Crombie Real Estate could be a good pick below $12.16 based on the intensive insider buying.

(click to enlarge)

(Source: Investor presentation)

Disclosure: I have no positions in any stocks mentioned, but may initiate a long position in CROMF over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Editor's Note: This article discusses one or more securities that do not trade on a major U.S. exchange. Please be aware of the risks associated with these stocks.

Source: Crombie Real Estate: 5 Different Insiders Have Purchased Shares During The Last 30 Days