Cedar Realty Trust, Inc. (NYSE:CDR) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday.

Other equities research analysts have also issued research reports about the company. FBR & Co boosted their target price on Cedar Realty Trust from $5.75 to $6.25 and gave the company an “outperform” rating in a research note on Tuesday, August 8th. Zacks Investment Research raised Cedar Realty Trust from a “hold” rating to a “buy” rating and set a $5.75 target price for the company in a research note on Wednesday, July 5th. TheStreet raised Cedar Realty Trust from a “d+” rating to a “c” rating in a research note on Friday, May 5th. Boenning Scattergood set a $5.00 target price on Cedar Realty Trust and gave the company a “sell” rating in a research note on Monday, August 7th. Finally, ValuEngine lowered Cedar Realty Trust from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $6.15.

Shares of Cedar Realty Trust (CDR) traded down 1.36% during midday trading on Wednesday, hitting $5.06. The stock had a trading volume of 315,015 shares. Cedar Realty Trust has a 1-year low of $4.70 and a 1-year high of $7.98. The stock’s market cap is $415.92 million. The firm’s 50-day moving average price is $5.12 and its 200-day moving average price is $5.29.

Cedar Realty Trust (NYSE:CDR) last released its earnings results on Friday, August 4th. The real estate investment trust reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by $0.24. Cedar Realty Trust had a net margin of 6.58% and a return on equity of 2.49%. The company had revenue of $35.70 million during the quarter, compared to the consensus estimate of $35.97 million. During the same period last year, the firm posted $0.15 EPS. The company’s revenue was down 5.7% on a year-over-year basis. Analysts forecast that Cedar Realty Trust will post $0.08 earnings per share for the current year.

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In related news, Director Paul G. Kirk, Jr. sold 9,759 shares of the business’s stock in a transaction dated Wednesday, June 21st. The stock was sold at an average price of $4.88, for a total transaction of $47,623.92. Following the transaction, the director now owns 75,874 shares in the company, valued at approximately $370,265.12. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 4.50% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in CDR. Comerica Bank increased its position in shares of Cedar Realty Trust by 1.1% in the first quarter. Comerica Bank now owns 83,939 shares of the real estate investment trust’s stock worth $452,000 after buying an additional 877 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in shares of Cedar Realty Trust by 8.5% in the first quarter. BNP Paribas Arbitrage SA now owns 48,062 shares of the real estate investment trust’s stock worth $241,000 after buying an additional 3,769 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Cedar Realty Trust by 2.7% in the first quarter. Bank of New York Mellon Corp now owns 1,193,009 shares of the real estate investment trust’s stock worth $5,989,000 after buying an additional 31,038 shares in the last quarter. Princeton Alpha Management LP increased its position in shares of Cedar Realty Trust by 218.2% in the first quarter. Princeton Alpha Management LP now owns 36,530 shares of the real estate investment trust’s stock worth $183,000 after buying an additional 25,051 shares in the last quarter. Finally, IndexIQ Advisors LLC increased its position in shares of Cedar Realty Trust by 12.6% in the first quarter. IndexIQ Advisors LLC now owns 88,527 shares of the real estate investment trust’s stock worth $444,000 after buying an additional 9,903 shares in the last quarter. Institutional investors own 92.13% of the company’s stock.

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).

Analyst Recommendations for Cedar Realty Trust (NYSE:CDR)

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