Cedar Realty Trust Inc. (CDR) Shares Down 2.6%
Shares of Cedar Realty Trust Inc. (NYSE:CDR) were down 2.6% on Friday . The company traded as low as $7.41 and last traded at $7.41, with a volume of 294,364 shares trading hands. The stock had previously closed at $7.61.
A number of analysts have recently weighed in on CDR shares. Zacks Investment Research raised Cedar Realty Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, May 3rd. Wunderlich raised Cedar Realty Trust from a “hold” rating to a “buy” rating and increased their price objective for the company from $7.50 to $8.00 in a research note on Tuesday, May 10th. Finally, Boenning Scattergood lowered Cedar Realty Trust from a “neutral” rating to an “underperform” rating and set a $6.50 price objective for the company. in a research note on Tuesday, June 28th.
The firm has a market capitalization of $614.59 million and a P/E ratio of 133.75. The company’s 50-day moving average price is $7.69 and its 200 day moving average price is $7.20.
Cedar Realty Trust (NYSE:CDR) last issued its earnings results on Thursday, August 4th. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.11. The business had revenue of $37.87 million for the quarter, compared to the consensus estimate of $37.74 million. The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period last year, the business posted $0.14 EPS. Analysts expect that Cedar Realty Trust Inc. will post $0.03 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, August 22nd. Investors of record on Friday, August 12th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 2.67%. The ex-dividend date of this dividend was Wednesday, August 10th.
An institutional investor recently raised its position in Cedar Realty Trust stock. Victory Capital Management Inc. raised its stake in shares of Cedar Realty Trust Inc. (NYSE:CDR) by 15.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 154,070 shares of the real estate investment trust’s stock after buying an additional 21,070 shares during the period. Victory Capital Management Inc. owned 0.19% of Cedar Realty Trust worth $1,091,000 at the end of the most recent 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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