Cedar Realty Trust, Inc. (NYSE:CDR)‘s stock had its “hold” rating reiterated by equities research analysts at KeyCorp in a research note issued on Wednesday.

CDR has been the subject of several other reports. FBR & Co lifted their price target on Cedar Realty Trust from $5.75 to $6.25 and gave the company an “outperform” rating in a research report on Tuesday, August 8th. BidaskClub downgraded shares of Cedar Realty Trust from a “buy” rating to a “hold” rating in a report on Wednesday, August 16th. Zacks Investment Research lowered shares of Cedar Realty Trust from a “buy” rating to a “hold” rating in a research report on Monday, July 10th. 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. Finally, ValuEngine raised shares of Cedar Realty Trust from a “hold” rating to a “buy” rating in a report on Monday. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. Cedar Realty Trust has an average rating of “Hold” and an average price target of $6.15.

Cedar Realty Trust (NYSE:CDR) traded down 0.263% on Wednesday, hitting $5.685. The stock had a trading volume of 54,230 shares. The company’s market cap is $467.29 million. Cedar Realty Trust has a 52-week low of $4.70 and a 52-week high of $7.21. The company has a 50 day moving average price of $5.18 and a 200-day moving average price of $5.15.

Cedar Realty Trust (NYSE:CDR) last announced its quarterly earnings results on Friday, August 4th. The real estate investment trust reported ($0.10) earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.24). The company had revenue of $35.70 million for the quarter, compared to analyst estimates of $35.97 million. Cedar Realty Trust had a return on equity of 2.49% and a net margin of 6.58%. Cedar Realty Trust’s revenue for the quarter was down 5.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.15 earnings per share. On average, equities research analysts predict that Cedar Realty Trust will post $0.06 earnings per share for the current year.

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Several hedge funds have recently bought and sold shares of CDR. Independent Portfolio Consultants Inc. increased its holdings in shares of Cedar Realty Trust by 9.1% in the first quarter. Independent Portfolio Consultants Inc. now owns 20,345 shares of the real estate investment trust’s stock valued at $102,000 after purchasing an additional 1,705 shares during the last quarter. Susquehanna International Group LLP acquired a new stake in shares of Cedar Realty Trust in the 2nd quarter worth $103,000. Mizuho Trust & Banking Co. Ltd. increased its stake in shares of Cedar Realty Trust by 5.0% in the 2nd quarter. Mizuho Trust & Banking Co. Ltd. now owns 14,520 shares of the real estate investment trust’s stock worth $108,000 after acquiring an additional 696 shares during the last quarter. Mason Street Advisors LLC acquired a new stake in shares of Cedar Realty Trust in the 2nd quarter worth $109,000. Finally, Verition Fund Management LLC increased its stake in shares of Cedar Realty Trust by 68.3% in the 2nd quarter. Verition Fund Management LLC now owns 22,421 shares of the real estate investment trust’s stock worth $109,000 after acquiring an additional 9,097 shares during the last quarter. Institutional investors and hedge funds own 92.21% of the company’s stock.

About Cedar Realty Trust

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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