Cedar Realty Trust Inc (CDR) Given Average Rating of “Hold” by Analysts

Cedar Realty Trust Inc (NYSE:CDR) has received an average rating of “Hold” from the ten brokerages that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $5.92.

A number of equities research analysts have commented on the stock. Zacks Investment Research downgraded shares of Cedar Realty Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. B. Riley reaffirmed a “buy” rating on shares of Cedar Realty Trust in a research report on Wednesday, November 1st. Boenning Scattergood reaffirmed a “sell” rating on shares of Cedar Realty Trust in a research report on Monday, February 12th. Robert W. Baird cut their target price on shares of Cedar Realty Trust from $7.00 to $6.00 and set an “outperform” rating for the company in a research report on Monday, February 12th. Finally, Raymond James Financial reaffirmed a “hold” rating on shares of Cedar Realty Trust in a research report on Thursday, December 14th.

Several hedge funds have recently modified their holdings of the company. Wells Fargo & Company MN grew its position in shares of Cedar Realty Trust by 1.7% during the 2nd quarter. Wells Fargo & Company MN now owns 59,280 shares of the real estate investment trust’s stock valued at $288,000 after acquiring an additional 1,012 shares during the period. The Manufacturers Life Insurance Company grew its position in shares of Cedar Realty Trust by 4.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 71,816 shares of the real estate investment trust’s stock valued at $348,000 after acquiring an additional 3,115 shares during the period. Alliancebernstein L.P. grew its position in shares of Cedar Realty Trust by 3.5% during the 2nd quarter. Alliancebernstein L.P. now owns 138,894 shares of the real estate investment trust’s stock valued at $674,000 after acquiring an additional 4,694 shares during the period. Voya Investment Management LLC grew its position in shares of Cedar Realty Trust by 10.6% during the 2nd quarter. Voya Investment Management LLC now owns 55,599 shares of the real estate investment trust’s stock valued at $270,000 after acquiring an additional 5,309 shares during the period. Finally, Verition Fund Management LLC grew its position in shares of Cedar Realty Trust by 68.3% during the 2nd quarter. Verition Fund Management LLC now owns 22,421 shares of the real estate investment trust’s stock valued at $109,000 after acquiring an additional 9,097 shares during the period. 93.99% of the stock is owned by hedge funds and other institutional investors.

Shares of Cedar Realty Trust (NYSE:CDR) traded down $0.06 during midday trading on Tuesday, reaching $4.07. 140,880 shares of the company were exchanged, compared to its average volume of 546,350. Cedar Realty Trust has a 52 week low of $4.01 and a 52 week high of $6.29. The stock has a market cap of $379.54, a price-to-earnings ratio of -136.00 and a beta of 0.75. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.00 and a current ratio of 1.00.

Cedar Realty Trust (NYSE:CDR) last announced its quarterly earnings data on Thursday, February 8th. The real estate investment trust reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.11). Cedar Realty Trust had a return on equity of 4.71% and a net margin of 13.11%. The firm had revenue of $37.14 million during the quarter, compared to analysts’ expectations of $37.06 million. During the same quarter in the previous year, the firm earned $0.14 earnings per share. Cedar Realty Trust’s revenue was down .1% on a year-over-year basis. equities research analysts predict that Cedar Realty Trust will post 0.55 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 20th. Stockholders of record on Monday, February 12th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 4.91%. The ex-dividend date of this dividend is Friday, February 9th. Cedar Realty Trust’s payout ratio is -666.67%.

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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).

Analyst Recommendations for Cedar Realty Trust (NYSE:CDR)

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