Viewing Company Crombie Real Estate Investment Trust | StockChase
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Crombie Real Estate Investment Trust Stock Symbol: CRR.UN-T

Last Price Recorded: $13.5100 on 2017-08-22

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Date Signal Expert Opinion Price
2017-05-03 COMMENT Keith Richards

Chart shows a bit of a base followed by a bit of a break out. What can happen after you get a break out is that you get a bit of a test down to the old break out. If it does bounce off that and moves up, it could be a very good stock.


Price:
$14.320
Subject:
TECHNICAL ANALYSIS
Bias:
CAUTIOUS
Owned:
Unknown
2017-02-03 COMMENT Derek Warren

Because Sobey’s is the main tenant, there is a lot of looking at the Empire stock right now. That has put pressure on the real estate. The concern is that the Empire Group, in order to raise money to fix their grocery business, will sell the rest of their real estate down into Crombie, which would mean a very large equity issue. Because of that, he is not there right now. He is waiting to see what happens.


Price:
$13.500
Subject:
REITs & REAL ESTATE STOCKS
Bias:
CAUTIOUS
Owned:
No
2016-12-15 HOLD Andy Nasr

The volatility is a reflection of the broader real estate sector.  It has to do with the threat of rising interest rates.  They can benefit from underlying growth in Sobeys.  This REIT is not very affected by EMP-T’s difficulties in integrating Safeway.


Price:
$13.360
Subject:
REITS, GLOBAL & MACRO STRATEGY
Bias:
SELECTIVE
Owned:
Unknown
2016-11-23 HOLD Andy Nasr

A relatively stable name. Sold off a lot, primarily related to interest rate concerns as well as some of the grocery store challenges. Thinks it offers pretty good returns here. 6.6% yield.


Price:
$13.560
Subject:
REITS, GLOBAL & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
Unknown
2016-11-17 BUY Derek Warren

He likes that their portfolio has a lot of development potential, especially in the Safeway portfolio that they purchased. The market however has been very harsh on this because of their relation with the Empire group and the grocery debacle. He doesn’t think the grocery is going to fail. This means you are buying a company with great real estate solid locations with development opportunities. The rest of the legacy portfolio is solid cash producing assets, often the only grocery store in town. You are getting this at a very steep discount.


Price:
$13.350
Subject:
REIT's
Bias:
UNKNOWN
Owned:
Yes
2016-09-02 COMMENT Derek Warren

OK in a TFSA? Yes, that is fine. He really likes this one. The biggest risk is the Sobeys family, which has been an underperforming grocer. That doesn’t affect this REIT unless something major goes wrong. The discount it has been trading at, relevant to its peers is too wide, and there is still a chance for a re-rating of the stock. However, he thinks that will have to wait until there is a little bit of stability in Sobeys.


Price:
$15.180
Subject:
REIT's
Bias:
UNKNOWN
Owned:
Unknown
2016-07-28 DON'T BUY Andy Nasr

(Market Call Minute) Decent for Canadian investors.  It had a good run.  He prefers some Western Canadian REITs that represent deeper value.


Price:
$15.530
Subject:
GLOBAL
Bias:
OPTIMISTIC
Owned:
Unknown
2016-07-08 TOP PICK Derek Warren

Empire, a tenant of this company, is having trouble with Sobey’s with disappointing results this week and a management shakeup. He likes opportunities like this. Already trading at a discount to other retail REITs, 15X versus 20X for others. Their problems do not change the location of the buildings, and a well located property that provides grocery stores, will always have strong value. If this negative news puts pressure on this company, it is one that should be bought, because it has good management which will be able to manage through it. Dividend yield of 5.74%.


Price:
$15.530
Subject:
REIT's
Bias:
UNKNOWN
Owned:
Yes
2016-07-05 COMMENT Lyle Stein

This has been a really solid performer. He is more focused on the apartment sector, a little bit more into office space, and away from retail. The chart emphasizes the stability which is the one aspect of this company that is quite attractive. 6% dividend yield. If you own this, you should do fine through the end of the year.


Price:
$15.330
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
No
2016-06-30 BUY Bruce Campbell (2)

(Market Call Minute) Management has done a good job.  It ranks well.


Price:
$15.350
Subject:
CANADIAN
Bias:
OPTIMISTIC
Owned:
Yes
2016-06-21 COMMENT Mohsin Bashir

Sell Crombie (CRR.UN-T) and buy Aecon (ARE-T)? A well-managed business, but REITs have had a long time to be able to move higher and higher in terms of valuations. Probably not a bad time to be making a switch, but be careful of moving to Aecon because it has also moved considerably. 


Price:
$15.200
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Unknown
2016-05-20 COMMENT Jaime Carrasco

Artis REIT (AX.UN-T) or Crombie REIT (CRR.UN-T)? Likes this one as a good place to start adding, which he is doing right now. He likes the food side and their attachment to Sobey’s. He has just raised the target. A very steady, safe, boring business that generates a lot of cash flows.


Price:
$14.720
Subject:
RESOURCE, UTILITY & REITs
Bias:
BULL on GOLD & SILVER
Owned:
Yes
2016-05-06 TOP PICK Derek Warren

This is typically Sobey’s anchored, Eastern Canadian. Now with the Safeway transaction, they’re also in Western Canada and have said they are going to develop and maintain this. Their last quarter was excellent. Dividend yield of 6.31%.


Price:
$14.350
Subject:
REIT's
Bias:
UNKNOWN
Owned:
Yes
2016-04-28 PAST TOP PICK Bruce Campbell (1)

(A Top Pick May 1/15. Up 12.18%.) This is the REIT that owns the Sobey’s family real estate. You get about a 6% yield. Under $14 would be a better entry point.


Price:
$13.990
Subject:
CANADIAN LARGE
Bias:
OPTIMISTIC
Owned:
Yes
2016-03-15 COMMENT Bruce Campbell (1)

Empire is having trouble with Sobey’s, but it is not so much that they are going to close a bunch of stores, etc. This has a good yield, and you have the safety of the Sobey’s family, and they are anchors for a lot of their real estate. Feels it is a bit better growth than average and a bit better dividend. Once this all subsides, he could see this being an above average REIT.


Price:
$13.640
Subject:
CANADIAN LARGE
Bias:
OPTIMISTIC
Owned:
Yes
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