The stock of Cedar Realty Trust Inc (NYSE:CDR) is a huge mover today! Cedar Realty Trust Inc (NYSE:CDR) has declined 4.79% since March 3, 2016 and is downtrending. It has underperformed by 13.13% the S&P500.
The move comes after 9 months positive chart setup for the $581.86 million company. It was reported on Oct, 6 by Barchart.com. We have $10.61 PT which if reached, will make NYSE:CDR worth $325.84M more.
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 $11.98M for 12.14 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 firm earned “Underperform” rating on Tuesday, June 28 by Boenning & Scattergood. The stock of Cedar Realty Trust Inc (NYSE:CDR) has “Hold” rating given on Wednesday, August 12 by Zacks. Wunderlich upgraded Cedar Realty Trust Inc (NYSE:CDR) on Tuesday, May 10 to “Buy” 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 Q2 2016. Its down 0.47, from 1.37 in 2016Q1. The ratio turned negative, 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.
Indexiq Advsrs Limited Liability Corp has invested 0.03% of its portfolio in Cedar Realty Trust Inc (NYSE:CDR). Tiaa Cref Invest Ltd Llc last reported 256,167 shares in the company. The Ohio-based Mai Management has invested 0.01% in Cedar Realty Trust Inc (NYSE:CDR). Nationwide Fund Advisors holds 0% or 94,496 shares in its portfolio. Swiss Commercial Bank owns 147,700 shares or 0% of their US portfolio. Smith Asset Grp Inc L P reported 3,486 shares or 0% of all its holdings. Independent Consultants, a Florida-based fund reported 26,220 shares. Menta holds 0.06% or 54,630 shares in its portfolio. Rhumbline Advisers reported 136,586 shares or 0% of all its holdings. Savings Bank Of New York Mellon accumulated 1.08 million shares or 0% of the stock. Seizert Cap Prtnrs Ltd Liability Company holds 0.01% or 39,453 shares in its portfolio. The Illinois-based Hightower Advsr Limited Liability Com has invested 0% in Cedar Realty Trust Inc (NYSE:CDR). Texas Permanent School Fund reported 57,424 shares or 0.01% of all its holdings. Teacher Retirement System Of Texas holds 0% of its portfolio in Cedar Realty Trust Inc (NYSE:CDR) for 12,048 shares. Harrison Street Limited Liability Corporation has 0.7% invested in the company for 28,738 shares.
Insider Transactions: Since May 18, 2016, the stock had 1 buying transaction, and 1 insider sale for $180,758 net activity. Schanzer Bruce J bought $6,750 worth of stock or 1,000 shares. 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).
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.