Real Estate News 24

Real Estate News 24

Michael Vels Just Bought A Sprinkling of Shares In Crombie Real Estate Investment Trust (TSE:CRR.UN)

Beth McCandry

Whilst it may not be a huge deal, we thought it was good to see that Michael Vels, who is a company insider, recently bought CA$105k worth of stock, for CA$18.12 per share. Nevertheless, it only increased their shareholding by a minuscule percentage, and it wasn’t a massive purchase by absolute value, either.

View our latest analysis for Crombie Real Estate Investment Trust

Crombie Real Estate Investment Trust Insider Transactions Over The Last Year

In the last twelve months, the biggest single sale by an insider was when the Independent Chairman of the Board, J. Knowlton, sold CA$459k worth of shares at a price of CA$18.35 per share. That means that an insider was selling shares at slightly below the current price (CA$18.74). As a general rule we consider it to be discouraging when insiders are selling below the current price, because it suggests they were happy with a lower valuation. However, while insider selling is sometimes discouraging, it’s only a weak signal. It is worth noting that this sale was 61% of J. Knowlton’s holding. J. Knowlton was the only individual insider to sell shares in the last twelve months.

In the last twelve months insiders purchased 25.52k shares for CA$441k. But insiders sold 25.00k shares worth CA$459k. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

TSX:CRR.UN Insider Trading Volume March 19th 2022

For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.

Does Crombie Real Estate Investment Trust Boast High Insider Ownership?

Many investors like to check how much of a company is owned by insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivized to build the company for the long term. Insiders own 0.3% of Crombie Real Estate Investment Trust shares, worth about CA$9.5m, according to our data. Whilst better than nothing, we’re not overly impressed by these holdings.

What Might The Insider Transactions At Crombie Real Estate Investment Trust Tell Us?

It is good to see recent purchasing. However, the longer term transactions are not so encouraging. The transactions over the last year don’t give us confidence, and nor does the fairly low insider ownership, but at least the recent buying is a positive one. While we like knowing what’s going on with the insider’s ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. Case in point: We’ve spotted 4 warning signs for Crombie Real Estate Investment Trust you should be aware of, and 2 of them shouldn’t be ignored.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.