Cedar Realty Trust Inc (CDR) Given Consensus Recommendation of “Hold” by Analysts

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

A number of research firms recently commented on CDR. ValuEngine cut Cedar Realty Trust from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Boenning Scattergood set a $5.00 target price on Cedar Realty Trust and gave the company a “sell” rating in a research note on Tuesday, November 28th. Zacks Investment Research cut Cedar Realty Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, February 14th. TheStreet cut Cedar Realty Trust from a “c” rating to a “d+” rating in a research note on Thursday, February 8th. Finally, B. Riley reduced their target price on Cedar Realty Trust from $6.50 to $5.50 and set a “buy” rating on the stock in a research note on Monday, February 12th.

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A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Wells Fargo & Company MN boosted its position in Cedar Realty Trust by 1.7% during the second quarter. Wells Fargo & Company MN now owns 59,280 shares of the real estate investment trust’s stock valued at $288,000 after buying an additional 1,012 shares during the period. The Manufacturers Life Insurance Company boosted its position in Cedar Realty Trust by 4.5% during the second quarter. The Manufacturers Life Insurance Company now owns 71,816 shares of the real estate investment trust’s stock valued at $348,000 after buying an additional 3,115 shares during the period. Voya Investment Management LLC boosted its position in Cedar Realty Trust by 10.6% during the second quarter. Voya Investment Management LLC now owns 55,599 shares of the real estate investment trust’s stock valued at $270,000 after buying an additional 5,309 shares during the period. Aperio Group LLC boosted its position in Cedar Realty Trust by 10.0% during the fourth quarter. Aperio Group LLC now owns 116,724 shares of the real estate investment trust’s stock valued at $710,000 after buying an additional 10,567 shares during the period. Finally, Municipal Employees Retirement System of Michigan boosted its position in Cedar Realty Trust by 12.4% during the third quarter. Municipal Employees Retirement System of Michigan now owns 95,800 shares of the real estate investment trust’s stock valued at $539,000 after buying an additional 10,580 shares during the period. Institutional investors and hedge funds own 94.47% of the company’s stock.

Cedar Realty Trust (CDR) remained flat at $$3.67 during trading on Friday. The company’s stock had a trading volume of 4,024,262 shares, compared to its average volume of 493,076. The stock has a market cap of $337.27, a P/E ratio of -122.33 and a beta of 0.94. Cedar Realty Trust has a 12-month low of $3.64 and a 12-month high of $6.29. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.00 and a quick ratio of 1.00.

Cedar Realty Trust (NYSE:CDR) last released its earnings results on Thursday, February 8th. The real estate investment trust reported $0.03 EPS for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.11). The firm had revenue of $37.14 million during the quarter, compared to the consensus estimate of $37.06 million. Cedar Realty Trust had a net margin of 13.11% and a return on equity of 4.71%. The firm’s revenue was down .1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.14 EPS. research analysts expect that Cedar Realty Trust will post 0.55 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 20th. Investors of record on Monday, February 12th were paid a $0.05 dividend. The ex-dividend date of this dividend was Friday, February 9th. This represents a $0.20 dividend on an annualized basis and a yield of 5.45%. Cedar Realty Trust’s dividend payout ratio is presently -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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