Cedar Realty Trust, Inc. (CDR) Receives Average Rating of “Hold” from Analysts
Cedar Realty Trust, Inc. (NYSE:CDR) has earned an average recommendation of “Hold” from the ten brokerages that are currently covering the stock, MarketBeat reports. One investment 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 1-year price target among brokerages that have updated their coverage on the stock in the last year is $5.81.
Several research firms have issued reports on CDR. Zacks Investment Research downgraded shares of Cedar Realty Trust from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. KeyCorp reaffirmed a “hold” rating on shares of Cedar Realty Trust in a report on Wednesday, October 4th. ValuEngine raised shares of Cedar Realty Trust from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. BidaskClub downgraded shares of Cedar Realty Trust from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Finally, Boenning Scattergood set a $5.00 price objective on shares of Cedar Realty Trust and gave the company a “sell” rating in a report on Monday, August 7th.
Hedge funds and other institutional investors have recently modified their holdings of the company. Crossmark Global Holdings Inc. acquired a new stake in shares of Cedar Realty Trust in the third quarter valued at about $100,000. Susquehanna International Group LLP acquired a new stake in shares of Cedar Realty Trust in the second quarter valued at about $103,000. Verition Fund Management LLC raised its position in shares of Cedar Realty Trust by 68.3% in the second quarter. Verition Fund Management LLC now owns 22,421 shares of the real estate investment trust’s stock valued at $109,000 after buying an additional 9,097 shares during the last quarter. OppenheimerFunds Inc. raised its position in shares of Cedar Realty Trust by 50.3% in the first quarter. OppenheimerFunds Inc. now owns 22,840 shares of the real estate investment trust’s stock valued at $114,000 after buying an additional 7,648 shares during the last quarter. Finally, SG Americas Securities LLC raised its position in shares of Cedar Realty Trust by 93.6% in the third quarter. SG Americas Securities LLC now owns 24,776 shares of the real estate investment trust’s stock valued at $139,000 after buying an additional 11,981 shares during the last quarter. Institutional investors and hedge funds own 92.25% of the company’s stock.
Shares of Cedar Realty Trust (NYSE CDR) traded up $0.08 during midday trading on Friday, reaching $5.93. 323,200 shares of the company were exchanged, compared to its average volume of 609,545. Cedar Realty Trust has a 12-month low of $4.70 and a 12-month high of $6.79. The stock has a market capitalization of $541.51, a P/E ratio of 10.59 and a beta of 0.93. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.72 and a quick ratio of 0.72.
Cedar Realty Trust (NYSE:CDR) last announced its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.01. Cedar Realty Trust had a net margin of 11.42% and a return on equity of 4.18%. The firm had revenue of $36.40 million for the quarter, compared to the consensus estimate of $35.31 million. During the same period in the prior year, the firm posted $0.15 earnings per share. The firm’s quarterly revenue was down 3.7% compared to the same quarter last year. equities analysts predict that Cedar Realty Trust will post 0.55 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, November 20th. Stockholders of record on Friday, November 10th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.37%. The ex-dividend date of this dividend is Thursday, November 9th. Cedar Realty Trust’s dividend payout ratio (DPR) is -285.71%.
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).
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