Cedar Realty Trust Inc. (NYSE:CDR) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $8.00 and last traded at $7.99, with a volume of 51,612 shares changing hands. The stock had previously closed at $7.94.

A number of brokerages have issued reports on CDR. Zacks Investment Research raised shares of Cedar Realty Trust from a “sell” rating to a “hold” rating in a report on Tuesday, July 12th. Boenning Scattergood cut shares of 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 shares of Cedar Realty Trust from a “hold” rating to a “buy” rating and boosted their target price for the company from $7.50 to $8.00 in a report on Tuesday, May 10th.

The stock has a market capitalization of $651.60 million and a PE ratio of 124.06. The company’s 50-day moving average price is $7.28 and its 200-day moving average price is $7.05.

Cedar Realty Trust (NYSE:CDR) last posted its quarterly earnings results on Thursday, May 5th. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.10. The firm had revenue of $38.25 million for the quarter, compared to analyst estimates of $38.82 million. Equities research analysts anticipate that Cedar Realty Trust Inc. will post $0.08 earnings per share for the current fiscal year.

Other large investors recently modified their holdings of the company. Employees Retirement System of Texas bought a new stake in shares of Cedar Realty Trust during the fourth quarter valued at $1,062,000. Dimensional Fund Advisors LP raised 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 valued at $6,815,000 after buying an additional 5,779 shares in the last quarter. Victory Capital Management Inc. raised 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 valued at $1,091,000 after buying an additional 21,070 shares in the last quarter. SECOR Capital Advisors LP raised 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 valued at $1,034,000 after buying an additional 63,381 shares in the last quarter. Finally, Rhumbline Advisers raised 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 valued at $1,077,000 after buying an additional 6,710 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.