Cedar Realty Trust Inc. (NYSE:CDR)’s share price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $7.54 and last traded at $7.53, with a volume of 135,223 shares changing hands. The stock had previously closed at $7.36.

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

The stock’s 50-day moving average is $7.10 and its 200 day moving average is $7.01. The stock has a market cap of $624.51 million and a P/E ratio of 118.91.

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

Several large investors recently added to or reduced their stakes in the stock. 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 valued at $1,034,000 after buying an additional 63,381 shares in the last quarter. Rhumbline Advisers raised its stake in 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 valued at $1,077,000 after buying an additional 6,710 shares in the last quarter. 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 valued at $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 valued at $4,337,000 after buying an additional 46,032 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Cedar Realty Trust by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 962,561 shares of the real estate investment trust’s stock valued at $6,815,000 after buying an additional 5,779 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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