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

A number of research analysts have recently issued reports on CDR shares. Wunderlich upgraded shares of Cedar Realty Trust from a “hold” rating to a “buy” rating and boosted their price target for the stock from $7.50 to $8.00 in a research report on Tuesday, May 10th. Zacks Investment Research upgraded shares of Cedar Realty Trust from a “sell” rating to a “hold” rating in a research report on Tuesday. Finally, Boenning Scattergood downgraded shares of 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.

The company has a market capitalization of $647.49 million and a P/E ratio of 123.28. The firm’s 50 day moving average is $7.23 and its 200-day moving average is $7.04.

Cedar Realty Trust (NYSE:CDR) last posted its quarterly earnings data on Thursday, May 5th. The real estate investment trust reported $0.14 earnings per share for the quarter, topping the Thomson Reuters’ 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. Equities research analysts expect that Cedar Realty Trust Inc. will post $0.08 earnings per share for the current fiscal year.

Several hedge funds and institutional investors recently bought and sold shares of the company. Employees Retirement System of Texas bought a new position in Cedar Realty Trust during the fourth quarter valued at $1,062,000. Dimensional Fund Advisors LP boosted its position 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. boosted its position 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 boosted its position 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 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 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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