The stock of Cedar Realty Trust Inc (NYSE:CDR) is a huge mover today! The stock decreased 2.94% or $0.2 on October 5, hitting $6.76. Cedar Realty Trust Inc (NYSE:CDR) has declined 1.41% since March 2, 2016 and is downtrending. It has underperformed by 9.67% the S&P500.
The move comes after 6 months negative chart setup for the $578.44 million company. It was reported on Oct, 6 by Barchart.com. We have $6.42 PT which if reached, will make NYSE:CDR worth $28.92M less.
Analysts await Cedar Realty Trust Inc (NYSE:CDR) to report earnings on November, 3. They expect $0.14 earnings per share, 0.00% or $0.00 from last year’s $0.14 per share. CDR’s profit will be $11.98M for 12.07 P/E if the $0.14 EPS becomes a reality. After $0.15 actual earnings per share 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. Boenning & Scattergood downgraded Cedar Realty Trust Inc (NYSE:CDR) on Tuesday, June 28 to “Underperform” rating. Wunderlich upgraded the stock to “Buy” rating in Tuesday, May 10 report. The stock of Cedar Realty Trust Inc (NYSE:CDR) earned “Hold” rating by Zacks on Wednesday, August 12.
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 Q2 2016. Its down 0.47, from 1.37 in 2016Q1. The ratio worsened, 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.
Principal Fincl Grp has 548,761 shares for 0.01% of their US portfolio. Sumitomo Mitsui Tru Inc last reported 50,597 shares in the company. Great West Life Assurance Com Can last reported 8,700 shares in the company. Moreover, Indexiq Advisors Ltd has 0.03% invested in Cedar Realty Trust Inc (NYSE:CDR) for 66,054 shares. Public Employees Retirement Association Of Colorado last reported 33,290 shares in the company. Tower Research Limited Liability (Trc) last reported 0% of its portfolio in the stock. Blackrock Inv Management Ltd Com has 385,563 shares for 0% of their US portfolio. The Ohio-based Mai Management has invested 0.01% in Cedar Realty Trust Inc (NYSE:CDR). Swiss Savings Bank has invested 0% of its portfolio in Cedar Realty Trust Inc (NYSE:CDR). Zurcher Kantonalbank (Zurich Cantonalbank) has 8,050 shares for 0% of their US portfolio. Bank Of New York Mellon Corp reported 1.08 million shares or 0% of all its holdings. Independent Portfolio Consultants accumulated 26,220 shares or 0.06% of the stock. Highlander Management Limited Liability Corp reported 52,345 shares or 0.36% of all its holdings. Price T Rowe Assocs Md has 8.32 million shares for 0.01% of their US portfolio. Rothschild Asset Incorporated has 0.15% invested in the company for 1.08 million shares.
Insider Transactions: Since May 18, 2016, the stock had 1 buying transaction, and 1 sale for $180,758 net activity. Schanzer Bruce J had bought 1,000 shares worth $6,750. Shares for $187,508 were sold by Mays Philip on Monday, September 12.
More notable 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 with their article: “Cedar Realty Trust To Report Third Quarter 2016 Financial Results” published on September 07, 2016, Prnewswire.com published: “Cedar Realty Trust Reports First Quarter 2016 Results” 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 Announces Appointment Of New Chief Operating Officer” published on March 21, 2016 as well as Prnewswire.com‘s news article titled: “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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