Cedar Realty Trust Inc. (NYSE:CDR) shares were down 2.6% during trading on Friday . The stock traded as low as $7.41 and last traded at $7.41, with a volume of 294,364 shares. The stock had previously closed at $7.61.

Several research analysts recently commented on CDR shares. Wunderlich raised Cedar Realty Trust from a “hold” rating to a “buy” rating and boosted their target price for the stock from $7.50 to $8.00 in a research note on Tuesday, May 10th. Zacks Investment Research downgraded Cedar Realty Trust from a “hold” rating to a “sell” rating in a report on Wednesday, July 6th. Finally, Boenning Scattergood downgraded Cedar Realty Trust from a “neutral” rating to an “underperform” rating and set a $6.50 price target for the company. in a report on Tuesday, June 28th.

The firm has a market capitalization of $614.59 million and a P/E ratio of 133.75. The stock has a 50 day moving average price of $7.69 and a 200 day moving average price of $7.20.

Cedar Realty Trust (NYSE:CDR) last issued its quarterly earnings results on Thursday, August 4th. The real estate investment trust reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.11. The business had revenue of $37.87 million for the quarter, compared to analysts’ expectations of $37.74 million. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.14 EPS. On average, analysts predict that Cedar Realty Trust Inc. will post $0.03 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, August 22nd. Investors of record on Friday, August 12th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 2.67%. The ex-dividend date was Wednesday, August 10th.

A hedge fund recently raised its stake in Cedar Realty Trust stock. Rhumbline Advisers boosted its stake in Cedar Realty Trust Inc. (NYSE:CDR) by 4.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 152,116 shares of the real estate investment trust’s stock after buying an additional 6,710 shares during the period. Rhumbline Advisers owned 0.19% of Cedar Realty Trust worth $1,077,000 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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