Cedar Realty Trust, Inc. (NYSE:CDR) Receives $6.50 Consensus PT from Analysts
Cedar Realty Trust, Inc. (NYSE:CDR) has been given an average rating of “Hold” by the ten ratings firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $6.13.
Several equities research analysts have issued reports on the stock. Boenning Scattergood set a $5.00 price objective on shares of Cedar Realty Trust and gave the stock a “sell” rating in a research report on Monday. BidaskClub upgraded shares of Cedar Realty Trust from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. FBR & Co restated an “outperform” rating and set a $5.75 price objective on shares of Cedar Realty Trust in a research report on Tuesday, July 11th. Zacks Investment Research upgraded shares of Cedar Realty Trust from a “sell” rating to a “hold” rating in a research report on Thursday, May 11th. Finally, ValuEngine downgraded shares of Cedar Realty Trust from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd.
In other news, Director Paul G. Kirk, Jr. sold 9,759 shares of Cedar Realty Trust stock in a transaction that occurred on Wednesday, June 21st. The shares were sold at an average price of $4.88, for a total value of $47,623.92. Following the completion of the sale, the director now directly owns 75,874 shares in the company, valued at $370,265.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 4.50% of the stock is currently owned by insiders.
Several large investors have recently added to or reduced their stakes in CDR. Victory Capital Management Inc. increased its stake in Cedar Realty Trust by 31.8% in the second quarter. Victory Capital Management Inc. now owns 270,700 shares of the real estate investment trust’s stock worth $1,313,000 after buying an additional 65,258 shares during the last quarter. Virginia Retirement Systems ET AL increased its stake in Cedar Realty Trust by 439.0% in the second quarter. Virginia Retirement Systems ET AL now owns 76,000 shares of the real estate investment trust’s stock worth $369,000 after buying an additional 61,900 shares during the last quarter. Marshall Wace North America L.P. acquired a new stake in Cedar Realty Trust during the second quarter worth $199,000. Deprince Race & Zollo Inc. increased its stake in Cedar Realty Trust by 124.3% in the second quarter. Deprince Race & Zollo Inc. now owns 1,832,679 shares of the real estate investment trust’s stock worth $8,888,000 after buying an additional 1,015,607 shares during the last quarter. Finally, BNP Paribas Arbitrage SA increased its stake in Cedar Realty Trust by 15.0% in the second quarter. BNP Paribas Arbitrage SA now owns 55,263 shares of the real estate investment trust’s stock worth $268,000 after buying an additional 7,201 shares during the last quarter. Institutional investors own 97.45% of the company’s stock.
Shares of Cedar Realty Trust (NYSE CDR) traded down 0.19% during trading on Friday, reaching $5.27. The company had a trading volume of 145,052 shares. Cedar Realty Trust has a 12 month low of $4.70 and a 12 month high of $7.98. The company has a market cap of $433.10 million, a price-to-earnings ratio of 114.57 and a beta of 0.89. The firm has a 50 day moving average price of $5.06 and a 200 day moving average price of $5.35.
Cedar Realty Trust (NYSE:CDR) last issued its earnings results on Friday, August 4th. The real estate investment trust reported ($0.10) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by $0.24. Cedar Realty Trust had a net margin of 6.58% and a return on equity of 2.48%. The firm had revenue of $35.70 million during the quarter, compared to analyst estimates of $35.97 million. During the same quarter last year, the business posted $0.15 earnings per share. The company’s revenue for the quarter was down 5.7% on a year-over-year basis. Analysts predict that Cedar Realty Trust will post $0.12 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 21st. Shareholders of record on Friday, August 11th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a $0.20 annualized dividend and a yield of 3.79%. Cedar Realty Trust’s dividend payout ratio (DPR) is presently -333.28%.
Cedar Realty Trust Company Profile
Cedar Realty Trust, Inc is a real estate investment trust (REIT). The Company focuses on ownership and operation of grocery-anchored shopping centers straddling the Washington District of Columbia (DC) to Boston corridor. As of December 31, 2016, the Company owned and managed a portfolio of 61 operating properties (excluding properties held for sale) totaling approximately 9.1 million square feet of gross leasable area (GLA).
Receive News & Ratings for Cedar Realty Trust Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cedar Realty Trust Inc. and related companies with MarketBeat.com's FREE daily email newsletter.