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

Jun. 8.14 | About: Crombie Real (CROMF)

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.
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Insider buying during the last 30 days

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

Name Title Trade Date Shares Purchased Public Offering Current Ownership Increase In Shares
Empire Company Limited (EMP.A) 10% Owner May 30 3,018,868 Yes 53,260,113
shares
+6.0%
Glenn Hynes CFO May 30 7,500 Yes 113,693 shares +7.1%
Brian Johnson Director May 30 15,000 Yes 36,300 shares +70.4%
Trevor Lee VP May 30 1,400 Yes 1,400 shares from 0 to 1,400
Barbara Palk Director May 30 12,000 Yes 12,000 shares from 0 to 12,000
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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.

Month Insider buying / shares Insider selling / shares
May 2014 3,054,768 0
April 2014 0 0
March 2014 0 2,000
February 2014 0 0
January 2014 0 0
December 2013 0 0
November 2013 11,811,024 0
October 2013 0 0
September 2013 0 0
August 2013 0 0
July 2013 0 0
June 2013 0 0
May 2013 0 2,200
April 2013 0 0
March 2013 0 0
February 2013 0 0
January 2013 0 0
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(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:

Revenue C$90.9 million ($83.4 million)
Funds from operations C$34.5 million ($31.7 million)
Book value $8.36 per share
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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.

Company CROMF CWYUF FCRGF
Market Cap: 1.50B 3.37B 3.65B
Qtrly Rev Growth (yoy): 0.29 0.13 0.04
Revenue: 292.29M 555.96M 593.43M
Operating Margin: 0.44 0.65 0.59
Net Income: 36.43M 174.53M 181.02M
EPS: 0.35 1.30 0.86
P/S: 5.12 6.03 6.14
P/B: 1.46 1.12 1.20
Dividend Yield: 6.7% 5.7% 4.4%
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Crombie Real Estate has the highest dividend yield among these three companies.

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

Company Insider buying / shares Insider selling / shares
CWYUF 0 0
FCRGF 0 124,700
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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.

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(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.

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