Cedar Realty Trust Inc. (NYSE:CDR) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $7.80 and last traded at $7.76, with a volume of 90,510 shares changing hands. The stock had previously closed at $7.74.

Several brokerages recently issued reports on CDR. Zacks Investment Research upgraded shares of Cedar Realty Trust from a “sell” rating to a “hold” rating in a research note on Tuesday. Boenning Scattergood downgraded shares of Cedar Realty Trust from a “neutral” rating to an “underperform” rating and set a $6.50 target price for the company. in a research note on Tuesday, June 28th. Finally, Wunderlich upgraded shares of Cedar Realty Trust from a “hold” rating to a “buy” rating and raised their target price for the company from $7.50 to $8.00 in a research note on Tuesday, May 10th.

The stock has a 50 day moving average of $7.18 and a 200 day moving average of $7.03. The company has a market capitalization of $634.36 million and a PE ratio of 120.78.

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 for the quarter, beating the consensus estimate of $0.04 by $0.10. The company had revenue of $38.25 million for the quarter, compared to analyst estimates of $38.82 million. Analysts anticipate that Cedar Realty Trust Inc. will post $0.08 EPS for the current fiscal year.

A number of large investors have recently modified their holdings of the company. Employees Retirement System of Texas purchased a new stake in shares of Cedar Realty Trust during the fourth quarter worth about $1,062,000. Dimensional Fund Advisors LP increased its stake in shares of 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 worth $6,815,000 after buying an additional 5,779 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of 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 during the last quarter. SECOR Capital Advisors LP increased its stake in shares of 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 during the last quarter. Finally, Rhumbline Advisers increased its stake 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 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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