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.
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%.
ILLEGAL ACTIVITY WARNING: “Cedar Realty Trust Inc (CDR) Given Consensus Recommendation of “Hold” by Analysts” was reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this report on another domain, it was illegally stolen and republished in violation of US & international trademark & copyright laws. The legal version of this report can be accessed at https://www.dispatchtribunal.com/2018/04/09/cedar-realty-trust-inc-cdr-given-consensus-recommendation-of-hold-by-analysts.html.
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).
Receive News & Ratings for Cedar Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cedar Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.