Head-To-Head Review: Cedar Realty Trust (CDR) and Acadia Realty Trust (NYSE:AKR)
Cedar Realty Trust (NYSE: CDR) and Acadia Realty Trust (NYSE:AKR) are both finance companies, but which is the better stock? We will compare the two businesses based on the strength of their profitabiliy, dividends, institutional ownership, risk, valuation, earnings and analyst recommendations.
Institutional & Insider Ownership
97.7% of Cedar Realty Trust shares are owned by institutional investors. 4.5% of Cedar Realty Trust shares are owned by company insiders. Comparatively, 1.7% of Acadia Realty Trust shares are owned by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company will outperform the market over the long term.
This is a summary of recent ratings and target prices for Cedar Realty Trust and Acadia Realty Trust, as provided by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Cedar Realty Trust||0||1||4||0||2.80|
|Acadia Realty Trust||0||2||3||0||2.60|
Cedar Realty Trust presently has a consensus target price of $6.50, suggesting a potential upside of 23.11%. Acadia Realty Trust has a consensus target price of $33.50, suggesting a potential upside of 12.61%. Given Cedar Realty Trust’s stronger consensus rating and higher possible upside, research analysts plainly believe Cedar Realty Trust is more favorable than Acadia Realty Trust.
Earnings and Valuation
This table compares Cedar Realty Trust and Acadia Realty Trust’s top-line revenue, earnings per share and valuation.
|Gross Revenue||Price/Sales Ratio||EBITDA||Earnings Per Share||Price/Earnings Ratio|
|Cedar Realty Trust||$149.61 million||2.90||$84.71 million||($0.06)||-87.99|
|Acadia Realty Trust||$251.17 million||9.91||$140.01 million||$0.64||46.49|
Acadia Realty Trust has higher revenue and earnings than Cedar Realty Trust. Cedar Realty Trust is trading at a lower price-to-earnings ratio than Acadia Realty Trust, indicating that it is currently the more affordable of the two stocks.
This table compares Cedar Realty Trust and Acadia Realty Trust’s net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Cedar Realty Trust||12.74%||4.88%||1.48%|
|Acadia Realty Trust||23.63%||2.50%||1.37%|
Cedar Realty Trust pays an annual dividend of $0.20 per share and has a dividend yield of 3.8%. Acadia Realty Trust pays an annual dividend of $1.04 per share and has a dividend yield of 3.5%. Cedar Realty Trust pays out -333.3% of its earnings in the form of a dividend. Acadia Realty Trust pays out 162.5% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Cedar Realty Trust has raised its dividend for 4 consecutive years. Cedar Realty Trust is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.
Volatility and Risk
Cedar Realty Trust has a beta of 0.89, indicating that its stock price is 11% less volatile than the S&P 500. Comparatively, Acadia Realty Trust has a beta of 0.59, indicating that its stock price is 41% less volatile than the S&P 500.
Cedar Realty Trust beats Acadia Realty Trust on 11 of the 17 factors compared between the two stocks.
About Cedar Realty Trust
Cedar Realty Trust, Inc. is a real estate investment trust (REIT). The Company focuses on ownership and operation of grocery-anchored shopping centers straddling the Washington District of Columbia (DC) to Boston corridor. As of December 31, 2016, the Company owned and managed a portfolio of 61 operating properties (excluding properties held for sale) totaling approximately 9.1 million square feet of gross leasable area (GLA). The Company focuses its investment activities on grocery-anchored shopping centers. The Company’s properties portfolio comprises 26 properties in Pennsylvania, eight properties in Massachusetts, seven properties in Connecticut, seven properties in Maryland / Washington, D.C, eight properties in Virginia, four properties in New Jersey and one property in New York. The Company’s 106 are going to expire in the year 2017. The Company conducts all of its businesses through the Cedar Realty Trust Partnership L.P. (the Operating Partnership).
About Acadia Realty Trust
Acadia Realty Trust is a real estate investment trust. The Company is focused on the ownership, acquisition, development and management of retail properties located in the United States. It operates through three segments: Core Portfolio, Funds and Structured Financing. Core Portfolio and Fund properties primarily consist of street and urban retail, and dense suburban shopping centers. Funds holds primarily retail real estate in which it co-invests with institutional investors. Structured Financing consists of earnings and expenses related to notes and mortgages receivable, which are held within the Core Portfolio or the Funds. As of December 31, 2016, it had ownership interests in 182 properties within its core portfolio. In the Core Portfolio segment, the Company owned an interest in a 311,000 square foot shopping center, a 28,000 square foot retail and an interest in an 87,000 square foot retail property, among others, as of December 31, 2016.
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