Zacks Investment Research cut shares of Cedar Realty Trust (NYSE:CDR) from a hold rating to a sell rating in a research report sent to investors on Monday.

According to Zacks, “Cedar Realty Trust, Inc. is a real estate investment trust which owns a portfolio of predominantly grocery-anchored shopping centers in high-density urban markets from D.C. to Boston. Cedar Realty Trust Inc, formerly known as Cedar Shopn Ctr, is based in Port Washington, NY. “

A number of other research firms have also weighed in on CDR. TheStreet raised shares of Cedar Realty Trust from a d+ rating to a c- rating in a research report on Friday, August 3rd. B. Riley reissued a buy rating on shares of Cedar Realty Trust in a research report on Tuesday, November 13th. Finally, ValuEngine raised shares of Cedar Realty Trust from a sell rating to a hold rating in a research report on Tuesday, October 30th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $5.38.

Shares of CDR opened at $3.55 on Monday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.52. The stock has a market cap of $318.32 million, a price-to-earnings ratio of 6.45 and a beta of 0.90. Cedar Realty Trust has a 12-month low of $3.44 and a 12-month high of $6.29.

Cedar Realty Trust (NYSE:CDR) last announced its earnings results on Thursday, November 1st. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.10. The company had revenue of $36.17 million during the quarter, compared to analysts’ expectations of $36.41 million. Cedar Realty Trust had a net margin of 3.16% and a return on equity of 1.17%. As a group, research analysts anticipate that Cedar Realty Trust will post 0.58 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 20th. Stockholders of record on Friday, November 9th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 5.63%. The ex-dividend date was Thursday, November 8th. Cedar Realty Trust’s dividend payout ratio is presently 36.36%.

Several large investors have recently bought and sold shares of CDR. Millennium Management LLC raised its position in shares of Cedar Realty Trust by 834.7% in the first quarter. Millennium Management LLC now owns 475,200 shares of the real estate investment trust’s stock valued at $1,872,000 after buying an additional 424,360 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its position in shares of Cedar Realty Trust by 40.5% in the second quarter. Municipal Employees Retirement System of Michigan now owns 43,710 shares of the real estate investment trust’s stock valued at $207,000 after buying an additional 12,600 shares during the last quarter. Third Avenue Management LLC raised its position in shares of Cedar Realty Trust by 28.2% in the second quarter. Third Avenue Management LLC now owns 225,328 shares of the real estate investment trust’s stock valued at $1,064,000 after buying an additional 49,628 shares during the last quarter. Dupont Capital Management Corp raised its position in shares of Cedar Realty Trust by 48.0% in the second quarter. Dupont Capital Management Corp now owns 288,800 shares of the real estate investment trust’s stock valued at $1,363,000 after buying an additional 93,684 shares during the last quarter. Finally, Aperio Group LLC grew its holdings in Cedar Realty Trust by 71.4% in the second quarter. Aperio Group LLC now owns 156,772 shares of the real estate investment trust’s stock valued at $740,000 after purchasing an additional 65,296 shares during the period. 93.16% of the stock is owned by institutional investors and hedge funds.

Cedar Realty Trust Company Profile

Cedar Realty Trust, Inc is a fully-integrated real estate investment trust which focuses on the ownership, operation and redevelopment of grocery-anchored shopping centers in high-density urban markets from Washington, DC to Boston. The Company's portfolio (excluding properties treated as "held for sale") comprises 58 properties, with approximately 8.7 million square feet of gross leasable area.

Read More: Hedge Funds Explained

Get a free copy of the Zacks research report on Cedar Realty Trust (CDR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Cedar Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cedar Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.