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
|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|
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|
(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.
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|
The five insiders purchased their shares after these results.
|Qtrly Rev Growth (yoy):||0.29||0.13||0.04|
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|
Only Crombie Real Estate has seen intensive insider buying during the last 30 days.
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.
(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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