Cedar Realty Trust Inc. (NYSE:CDR) traded down 1.7% on Wednesday . The stock traded as low as $7.28 and last traded at $7.30, with a volume of 81,717 shares changing hands. The stock had previously closed at $7.43.

Several research analysts have commented on CDR shares. Zacks Investment Research downgraded Cedar Realty Trust from a “hold” rating to a “sell” rating in a report on Wednesday. Boenning Scattergood downgraded Cedar Realty Trust from a “neutral” rating to an “underperform” rating and set a $6.50 target price on the stock. in a report on Tuesday, June 28th. Finally, Wunderlich raised Cedar Realty Trust from a “hold” rating to a “buy” rating and lifted their target price for the stock from $7.50 to $8.00 in a report on Tuesday, May 10th.

The company has a market cap of $606.46 million and a PE ratio of 115.47. The company has a 50-day moving average of $7.05 and a 200 day moving average of $7.01.

Cedar Realty Trust (NYSE:CDR) last announced its quarterly earnings data on Thursday, May 5th. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.10. The company had revenue of $38.25 million for the quarter, compared to the consensus estimate of $38.82 million. On average, analysts anticipate that Cedar Realty Trust Inc. will post $0.08 earnings per share for the current fiscal year.

Several hedge funds and institutional investors recently made changes to their positions in CDR. Rhumbline Advisers boosted its position in shares of Cedar Realty Trust by 4.6% in the fourth quarter. Rhumbline Advisers now owns 152,116 shares of the real estate investment trust’s stock worth $1,077,000 after buying an additional 6,710 shares during the period. Victory Capital Management Inc. raised its stake in Cedar Realty Trust by 15.8% in the fourth quarter. Victory Capital Management Inc. now owns 154,070 shares of the real estate investment trust’s stock worth $1,091,000 after buying an additional 21,070 shares in the last quarter. Russell Frank Co raised its stake in Cedar Realty Trust by 8.3% in the fourth quarter. Russell Frank Co now owns 602,375 shares of the real estate investment trust’s stock worth $4,337,000 after buying an additional 46,032 shares in the last quarter. Finally, SECOR Capital Advisors LP raised its stake in Cedar Realty Trust by 76.7% in the fourth quarter. SECOR Capital Advisors LP now owns 145,994 shares of the real estate investment trust’s stock worth $1,034,000 after buying an additional 63,381 shares in the last quarter.

Cedar Realty Trust, Inc is a real estate investment trust. The Company focuses on ownership and operation of grocery-anchored shopping centers straddling the Washington District of Columbia (DC) to Boston corridor. The Company focuses its investment activities on grocery-anchored shopping centers. It owns and manages a portfolio of approximately 60 operating properties, including approximately 30 properties in Pennsylvania; over eight properties in Massachusetts; approximately seven properties in Connecticut; over six properties in Maryland; approximately eight properties in Virginia; over three properties in New Jersey, and one property in New York.

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