The stock of Cedar Realty Trust Inc (NYSE:CDR) hit a new 52-week low and has $6.25 target or 5.00% below today’s $6.58 share price. The 6 months bearish chart indicates high risk for the $563.04 million company. The 1-year low was reported on Nov, 2 by Barchart.com. If the $6.25 price target is reached, the company will be worth $28.15 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. Cedar Realty Trust Inc (NYSE:CDR) has declined 10.51% since March 31, 2016 and is downtrending. It has underperformed by 13.04% the S&P500.
Analysts await Cedar Realty Trust Inc (NYSE:CDR) to report earnings on November, 3. They expect $0.14 EPS, 0.00% or $0.00 from last year’s $0.14 per share. CDR’s profit will be $11.98 million for 11.75 P/E if the $0.14 EPS becomes a reality. After $0.15 actual EPS reported by Cedar Realty Trust Inc for the previous quarter, Wall Street now forecasts -6.67% negative EPS growth.
Cedar Realty Trust Inc (NYSE:CDR) Ratings Coverage
Out of 2 analysts covering Cedar Realty Trust (NYSE:CDR), 1 rate it a “Buy”, 1 “Sell”, while 0 “Hold”. This means 50% are positive. Cedar Realty Trust has been the topic of 3 analyst reports since August 12, 2015 according to StockzIntelligence Inc. The stock has “Underperform” rating given by Boenning & Scattergood on Tuesday, June 28. The rating was upgraded by Zacks on Wednesday, August 12 to “Hold”. The stock of Cedar Realty Trust Inc (NYSE:CDR) earned “Buy” rating by Wunderlich on Tuesday, May 10.
According to Zacks Investment Research, “Cedar Shopping Centers, Inc. is a fully-integrated real estate investment trust which focuses primarily on ownership, operation, development and redevelopment of bread and butter supermarket-anchored shopping centers in coastal mid-Atlantic and New England states. The Company owns and operates shopping center properties which are anchored by supermarkets and/or drugstores.”
Insitutional Activity: The institutional sentiment decreased to 0.9 in 2016 Q2. Its down 0.47, from 1.37 in 2016Q1. The ratio dropped, as 11 funds sold all Cedar Realty Trust Inc shares owned while 48 reduced positions. 6 funds bought stakes while 47 increased positions. They now own 72.33 million shares or 1.96% less from 73.78 million shares in 2016Q1.
Morgan Stanley last reported 9,704 shares in the company. Mizuho Tru & Banking Com Ltd accumulated 14,520 shares or 0% of the stock. Da Davidson & Com last reported 0% of its portfolio in the stock. The Connecticut-based Matarin Capital Mngmt Limited Company has invested 0% in Cedar Realty Trust Inc (NYSE:CDR). Wells Fargo & Mn last reported 25,786 shares in the company. Profund Advisors Ltd accumulated 15,962 shares or 0.01% of the stock. Price T Rowe Associates Md has 0.01% invested in the company for 8.32 million shares. Sei Investments owns 77,784 shares or 0% of their US portfolio. The Belgium-based Kbc Gru Nv has invested 0% in Cedar Realty Trust Inc (NYSE:CDR). Indexiq Advsr Ltd Liability Co last reported 66,054 shares in the company. Louisiana State Employees Retirement Sys holds 33,300 shares or 0.01% of its portfolio. Parametric Portfolio Associates Ltd holds 875,762 shares or 0.01% of its portfolio. Mycio Wealth Limited Liability Company owns 3 shares or 0% of their US portfolio. Macquarie Group Ltd last reported 26,400 shares in the company. Us State Bank De holds 0% of its portfolio in Cedar Realty Trust Inc (NYSE:CDR) for 396 shares.
Insider Transactions: Since May 18, 2016, the stock had 1 insider purchase, and 1 insider sale for $180,758 net activity. Another trade for 25,000 shares valued at $187,508 was sold by Mays Philip. $6,750 worth of Cedar Realty Trust Inc (NYSE:CDR) was bought by Schanzer Bruce J on Wednesday, May 18.
More important recent Cedar Realty Trust Inc (NYSE:CDR) news were published by: Prnewswire.com which released: “Cedar Realty Trust, Inc. Announces Pricing Of Common Stock Offering” on July 26, 2016, also Prnewswire.com published article titled: “Cedar Realty Trust Reports First Quarter 2016 Results”, Prnewswire.com published: “Cedar Realty Trust Announces Appointment Of New Chief Operating Officer” on March 21, 2016. More interesting news about Cedar Realty Trust Inc (NYSE:CDR) was released by: Prnewswire.com and their article: “Cedar Realty Trust Acquires East River Park Shopping Center In Washington, D.C.” with publication date: January 04, 2016.
CDR Company Profile
Cedar Realty Trust, Inc., incorporated on June 12, 1998, is a real estate investment trust (REIT). The Firm focuses on ownership and operation of grocery-anchored shopping centers straddling the Washington District of Columbia (DC) to Boston corridor. The Firm focuses its investment activities on grocery-anchored shopping centers. The Firm owns and manages a portfolio of approximately 60 operating properties, including approximately 30 properties in Pennsylvania; over eight properties in Massachusetts; approximately seven properties in Connecticut; over six properties in Maryland; approximately eight properties in Virginia; over three properties in New Jersey, and one property in New York. The Company’s operating properties total approximately 9.5 million square feet of gross leasable area (GLA).
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