Comparing Cedar Realty Trust (CDR) & Kimco Realty Corporation (KIM)

Cedar Realty Trust (NYSE: CDR) and Kimco Realty Corporation (NYSE:KIM) are both finance companies, but which is the better stock? We will compare the two businesses based on the strength of their dividends, analyst recommendations, earnings, profitability, valuation, institutional ownership and risk.

Dividends

Cedar Realty Trust pays an annual dividend of $0.20 per share and has a dividend yield of 3.4%. Kimco Realty Corporation pays an annual dividend of $1.08 per share and has a dividend yield of 5.8%. Cedar Realty Trust pays out -285.7% of its earnings in the form of a dividend. Kimco Realty Corporation pays out 125.6% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Kimco Realty Corporation has increased its dividend for 7 consecutive years. Kimco Realty Corporation 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 0.93, meaning that its share price is 7% less volatile than the S&P 500. Comparatively, Kimco Realty Corporation has a beta of 0.65, meaning that its share price is 35% less volatile than the S&P 500.

Analyst Recommendations

This is a breakdown of current ratings and target prices for Cedar Realty Trust and Kimco Realty Corporation, as provided by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Cedar Realty Trust 1 2 3 0 2.33
Kimco Realty Corporation 0 7 7 0 2.50

Cedar Realty Trust presently has a consensus target price of $5.58, indicating a potential downside of 6.48%. Kimco Realty Corporation has a consensus target price of $24.25, indicating a potential upside of 29.10%. Given Kimco Realty Corporation’s stronger consensus rating and higher possible upside, analysts plainly believe Kimco Realty Corporation is more favorable than Cedar Realty Trust.

Valuation and Earnings

This table compares Cedar Realty Trust and Kimco Realty Corporation’s gross revenue, earnings per share (EPS) and valuation.

Gross Revenue Price/Sales Ratio NetIncome Earnings Per Share Price/Earnings Ratio
Cedar Realty Trust $151.09 million 3.61 $8.94 million ($0.07) -85.29
Kimco Realty Corporation $1.17 billion 6.83 $378.85 million $0.86 21.84

Kimco Realty Corporation has higher revenue and earnings than Cedar Realty Trust. Cedar Realty Trust is trading at a lower price-to-earnings ratio than Kimco Realty Corporation, indicating that it is currently the more affordable of the two stocks.

Insider & Institutional Ownership

91.8% of Cedar Realty Trust shares are owned by institutional investors. Comparatively, 90.6% of Kimco Realty Corporation shares are owned by institutional investors. 4.5% of Cedar Realty Trust shares are owned by company insiders. Comparatively, 2.9% of Kimco Realty Corporation shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock is poised for long-term growth.

Profitability

This table compares Cedar Realty Trust and Kimco Realty Corporation’s net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Cedar Realty Trust 11.42% 4.18% 1.34%
Kimco Realty Corporation 35.51% 7.73% 3.65%

Summary

Kimco Realty Corporation beats Cedar Realty Trust on 13 of the 17 factors compared between the two stocks.

Cedar Realty Trust Company Profile

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).

Kimco Realty Corporation Company Profile

Kimco Realty Corporation is a self-administered real estate investment trust. The Company is engaged in the ownership, management, development and operation of open-air shopping centers, which are anchored generally by discount department stores, grocery stores or drugstores. As of June 30, 2017, the Company had interests in 510 shopping center properties, including 84 million square feet of gross leasable area (GLA), located in 32 states, Puerto Rico and Canada. As of March 31, 2017, the Company had 380 other property interests, primarily through the Company’s preferred equity investments and other real estate investments, totaling 5.8 million square feet of GLA.

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