Is Cedar Realty Trust (CDR) A Great Investment Choice?

Ewing Morris Investment Partners, an investment management firm, published its fourth-quarter 2021 investor letter – a copy of which can be downloaded here.  At the end of the fourth quarter of 2021, the firm’s core funds reported the strongest single-year results in its 10-year history, both on an absolute and relative basis, for 2021. The fund’s equity strategies were resilient and protected capital much better than the small-cap index. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.

Ewing Morris Investment Partners, in its Q4 2021 investor letter, mentioned Cedar Realty Trust, Inc. (NYSE: CDR) and discussed its stance on the firm. Cedar Realty Trust, Inc. is a Port Washington, New York-based real estate investment trust company with a $325.2 million market capitalization. CDR delivered a -5.73% return since the beginning of the year, while its 12-month returns are up by 75.85%. The stock closed at $23.67 per share on February 19, 2022.

Here is what Ewing Morris Investment Partners has to say about Cedar Realty Trust, Inc. in its Q4 2021 investor letter:

“In addition to Compounders, we continue to look for opportunities where we can deploy our engagement playbook. Cedar Realty announced a Strategic Review in September. We have initiated three new files since late last year and we’ll have more to share about these in the future.  We’re also trying to avoid problems before they happen. We call it ‘watch out for rakes’. Our biggest concerns right now are supply chains and labor costs. We’re generally trying to avoid businesses that sell “stuff”. Supply chains will eventually unsnarl, but we think the wait could be longer than many expect and so we’re cautious around companies that sell physical goods.”

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Our calculations show that Cedar Realty Trust, Inc. (NYSE: CDR) failed to obtain a mark on our list of the 30 Most Popular Stocks Among Hedge Funds. CDR was in 12 hedge fund portfolios at the end of the third quarter of 2021, compared to 10 funds in the previous quarter. Cedar Realty Trust, Inc. (NYSE: CDR) delivered a 5.25% return in the past 3 months.

In October 2021, we published an article that includes CDR in the 10 Stocks to Buy According to James Mitarotonda’s Barington Capital. You can find more than 100 investor letters from hedge funds and prominent investors on our hedge fund investor letters 2021 Q4 page.

Disclosure: None. This article is originally published at Insider Monkey.