The stock of Cedar Realty Trust Inc (NYSE:CDR) hit a new 52-week low and has $5.75 target or 8.00% below today’s $6.25 share price. The 5 months bearish chart indicates high risk for the $525.57 million company. The 1-year low was reported on Nov, 9 by Barchart.com. If the $5.75 price target is reached, the company will be worth $42.05 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. About 93,974 shares traded hands. Cedar Realty Trust Inc (NYSE:CDR) has declined 11.81% since April 7, 2016 and is downtrending. It has underperformed by 16.59% the S&P500.
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 4 analyst reports since August 12, 2015 according to StockzIntelligence Inc. On Tuesday, June 28 the stock rating was downgraded by Boenning & Scattergood to “Underperform”. As per Monday, November 7, the company rating was maintained by Wunderlich. The firm has “Buy” rating given on Tuesday, May 10 by Wunderlich. Zacks upgraded the shares of CDR in a report on Wednesday, August 12 to “Hold” rating.
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.
Royal Bancorp Of Canada last reported 0% of its portfolio in the stock. Zurcher Kantonalbank (Zurich Cantonalbank) last reported 8,050 shares in the company. Goldman Sachs Gp has 122,534 shares for 0% of their US portfolio. Nomura Asset Limited accumulated 0.01% or 46,100 shares. The New York-based Indexiq Advisors Ltd Liability Corp has invested 0.03% in Cedar Realty Trust Inc (NYSE:CDR). Pnc Financial Services Grp owns 531 shares or 0% of their US portfolio. Gsa Capital Prns Ltd Liability Partnership has 47,709 shares for 0.02% of their US portfolio. State Board Of Administration Of Florida Retirement has invested 0% of its portfolio in Cedar Realty Trust Inc (NYSE:CDR). Boston Prtnrs holds 0.02% or 2.24M shares in its portfolio. Blackrock Group Inc Ltd has 586,144 shares for 0% of their US portfolio. Schwab Charles Inv Mngmt has invested 0.01% of its portfolio in Cedar Realty Trust Inc (NYSE:CDR). Thrivent Fincl For Lutherans last reported 750,224 shares in the company. Mizuho Bk Limited accumulated 14,520 shares or 0% of the stock. Moreover, Axa has 0.01% invested in Cedar Realty Trust Inc (NYSE:CDR) for 206,600 shares. The Illinois-based Nuveen Asset Mgmt has invested 0.09% in Cedar Realty Trust Inc (NYSE:CDR).
Insider Transactions: Since May 18, 2016, the stock had 3 insider purchases, and 1 sale for $86,348 net activity. $6,750 worth of shares were bought by Schanzer Bruce J on Wednesday, May 18. $187,508 worth of Cedar Realty Trust Inc (NYSE:CDR) was sold by Mays Philip on Monday, September 12. The insider Eisenstat Abraham bought $62,910.
More notable recent Cedar Realty Trust Inc (NYSE:CDR) news were published by: Streetinsider.com which released: “Form 4 CEDAR REALTY TRUST, INC. For: Nov 07 Filed by: Eisenstat Abraham” on November 08, 2016, also Prnewswire.com with their article: “Cedar Realty Trust, Inc. Announces Pricing Of Common Stock Offering” published on July 26, 2016, Prnewswire.com published: “Cedar Realty Trust Acquires Glenwood Village In Bloomfield, NJ” on May 05, 2016. More interesting news about Cedar Realty Trust Inc (NYSE:CDR) were released by: Prnewswire.com and their article: “Cedar Realty Trust To Report Third Quarter 2016 Financial Results” published on September 07, 2016 as well as Prnewswire.com‘s news article titled: “Cedar Realty Trust Reports First Quarter 2016 Results” with publication date: May 05, 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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