Cedar Realty Trust Inc. (NYSE: CDR): Stock That Needs Special Handling

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T. Rowe Price Associates, Inc. (I. recently announced the acquisition of new stake in Cedar Realty Trust Inc. (NYSE:CDR). The institutional investor has increased its shareholding in the Real Estate company by 0.38% to 16.07 million shares with purchase of 60613.0 shares. This fresh investment now brings its stake to 17.99% valued currently at $15.91 million. In addition, The Vanguard Group, Inc. raised its holdings by 0.11 million to 9.83 million shares. And LSV Asset Management has lifted its position by 16.48% or 0.49 million shares – to 3.47 million shares.

With over 0.51 million Cedar Realty Trust Inc. (CDR) shares trading Monday and a closing price of $0.90 on the day, the dollar volume was approximately $0.46 million. The shares have shown a negative weekly performance of -5.23% and its price on 07/20/20 lost nearly -4.59%. Currently, there are 86.37M common shares owned by the public and among those 77.29M shares have been available to trade.

An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 5 analysts who have offered their price forecasts for CDR have a consensus price objective of $1.50. The analysts have set the share’s price value over the next 12 months at a high of $2.00 and a low of $0.50 should the stock experience a downside. Incidentally, analysts’ outlook for the Cedar Realty Trust Inc. stock is 2.80 for the next 12 months. The average price target is 40.0% above its last price level and an upside to the estimated low will see the stock lose -80.0% over that period. But an upside of 55.0% will see the stock hit the forecast high price target while mean target price for the stock is $2.00.

Insiders at the company have transacted a total of 8 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 7 of these insider trades were purchases, accounting for 211,006 shares. Insider sales of the common stock occurred on 1 occasions, with total insider shares sold totaling 25,000 shares.

The top 3 mutual fund holders in Cedar Realty Trust Inc. are T Rowe Price Small Cap Value Fund, iShares Core S&P Small Cap ETF, and Vanguard Real Estate Index Fund. T Rowe Price Small Cap Value Fund owns 10.8 million shares of the company’s stock, all valued at over $10.69 million. The company sold 59200.0 shares recently to bring their total holdings to about 12.09% of the shares outstanding. Vanguard Real Estate Index Fund sold 48182.0 shares to bring its total holdings to over 3.95 million shares at a value of $3.91 million. Vanguard Real Estate Index Fund now owns shares totaling to 4.42% of the shares outstanding.

Shares of Cedar Realty Trust Inc. (NYSE: CDR) opened at $0.95, up $0.01 from a prior closing price of $0.94. However, the script later closed the day at $0.90, down -4.59%. The company’s stock has a 5-day price change of -5.23% and 20.81% over the past three months. CDR shares are trading -69.49% year to date (YTD), with the 12-month market performance down to -62.34% lower. It has a 12-month low price of $0.53 and touched a high of $3.69 over the same period. Currently, 0.51 million shares have been traded, compared to an average intraday trading volume of 1.43 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -9.88%, -9.61%, and -55.12% respectively.

Institutional ownership of Cedar Realty Trust Inc. (NYSE: CDR) shares accounts for 84.80% of the company’s 86.37M shares outstanding. Mutual fund holders own 38.67%, while other institutional holders and individual stakeholders account for 45.39% and 25.28% respectively.

It has a market capitalization of $81.13M and a beta (3y monthly) value of 1.48. The earnings-per-share (ttm) stands at -$0.18. The company has a debt-to-equity ratio at 2.16. Price movements for the stock have been influenced by the stock’s volatility, which stands at 7.07% over the week and 8.72% over the month.

Analysts forecast that Cedar Realty Trust Inc. (CDR) will achieve an EPS of -$0.06 for the current quarter, -$0.05 for the next quarter and -$0.18 for 2021. The lowest estimate earnings-per-share for the quarter is -$0.07 while analysts give the company a high EPS estimate of -$0.06. Comparatively, EPS for the current quarter was $0.03 a year ago. Earnings per share for the fiscal year are expected to increase by 5.70%, and -380.00% over the next financial year. EPS should grow at an annualized rate of 11.00% over the next five years, compared to -39.30% over the past 5-year period.

If you are looking to buy this stock, then you may note that the average analyst recommendation by 5 brokerage firm advisors rate Cedar Realty Trust Inc. (CDR) as a “Moderate Buy” at a consensus score of 2.80. Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 2 of the 5 advise that investors “hold,” and 1 rated it as a “Sell.”

Looking at the support for the CDR, a number of firms have released research notes about the stock. Compass Point stated their Sell rating for the stock in a research note on August 15, 2019, with the firm’s price target at $2. B. Riley FBR Inc. coverage for the Cedar Realty Trust Inc. (CDR) stock in a research note released on February 12, 2018 offered a Buy rating with a price target of $5.50. FBR & Co. was of a view on August 08, 2017 that the stock is Outperform, while FBR & Co. gave the stock Outperform rating on July 11, 2017, issuing a price target of $5.75. Wunderlich on their part issued Buy rating on November 07, 2016.

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