Cedar Realty Trust Inc. (CDR) Reaches New 1-Year High at $8.00
Shares of Cedar Realty Trust Inc. (NYSE:CDR) reached a new 52-week high on Wednesday . The stock 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.
CDR has been the topic of several recent analyst reports. Boenning Scattergood cut 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 report on Tuesday, June 28th. Wunderlich upgraded shares of Cedar Realty Trust from a “hold” rating to a “buy” rating and lifted their price target for the company from $7.50 to $8.00 in a report on Tuesday, May 10th. Finally, Zacks Investment Research cut shares of Cedar Realty Trust from a “hold” rating to a “sell” rating in a report on Tuesday, March 29th.
The company’s 50 day moving average price is $7.35 and its 200 day moving average price is $7.06. The firm has a market cap of $652.42 million and a PE ratio of 124.22.
Cedar Realty Trust (NYSE:CDR) last posted its earnings results on Thursday, May 5th. The real estate investment trust reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.10. The firm had revenue of $38.25 million for the quarter, compared to the consensus estimate of $38.82 million. On average, equities analysts forecast that Cedar Realty Trust Inc. will post $0.08 earnings per share for the current year.
Other hedge funds and institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its position in 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 in the last quarter. Russell Frank Co increased its position in Cedar Realty Trust by 8.3% in the fourth quarter. Russell Frank Co now owns 602,375 shares of the real estate investment trust’s stock worth $4,337,000 after buying an additional 46,032 shares in the last quarter. Victory Capital Management Inc. increased its position in 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 in the last quarter. Rhumbline Advisers increased its position in 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 in the last quarter. Finally, Employees Retirement System of Texas purchased a new position in Cedar Realty Trust during the fourth quarter worth approximately $1,062,000.
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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