Cedar Realty Trust, Inc. (NYSE:CDR) has been assigned an average rating of “Hold” from the ten research firms that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $5.75.

CDR has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Cedar Realty Trust from a “hold” rating to a “buy” rating and set a $6.50 price objective for the company in a report on Tuesday, November 7th. ValuEngine upgraded Cedar Realty Trust from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. B. Riley restated a “buy” rating on shares of Cedar Realty Trust in a report on Wednesday, November 1st. KeyCorp restated a “hold” rating on shares of Cedar Realty Trust in a report on Friday, November 3rd. Finally, BidaskClub downgraded Cedar Realty Trust from a “buy” rating to a “hold” rating in a report on Wednesday, August 16th.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. GSA Capital Partners LLP increased its holdings in Cedar Realty Trust by 49.5% in the 3rd quarter. GSA Capital Partners LLP now owns 123,661 shares of the real estate investment trust’s stock valued at $695,000 after purchasing an additional 40,929 shares in the last quarter. California Public Employees Retirement System increased its holdings in Cedar Realty Trust by 9.2% in the 3rd quarter. California Public Employees Retirement System now owns 262,582 shares of the real estate investment trust’s stock valued at $1,476,000 after purchasing an additional 22,082 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Cedar Realty Trust by 4.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,262,124 shares of the real estate investment trust’s stock valued at $7,093,000 after purchasing an additional 48,864 shares in the last quarter. Schwab Charles Investment Management Inc. increased its holdings in Cedar Realty Trust by 7.1% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 811,146 shares of the real estate investment trust’s stock valued at $4,559,000 after purchasing an additional 53,665 shares in the last quarter. Finally, Wells Fargo & Company MN increased its holdings in Cedar Realty Trust by 55.2% in the 3rd quarter. Wells Fargo & Company MN now owns 92,012 shares of the real estate investment trust’s stock valued at $517,000 after purchasing an additional 32,732 shares in the last quarter. Hedge funds and other institutional investors own 92.67% of the company’s stock.

Cedar Realty Trust (NYSE:CDR) traded down $0.03 during mid-day trading on Thursday, hitting $6.12. The stock had a trading volume of 730,500 shares, compared to its average volume of 597,171. The firm has a market cap of $561.60, a P/E ratio of 10.98 and a beta of 0.97. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.49. Cedar Realty Trust has a 1-year low of $4.70 and a 1-year high of $6.79.

Cedar Realty Trust (NYSE:CDR) last released its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.01. The business had revenue of $36.40 million during the quarter, compared to the consensus estimate of $35.31 million. Cedar Realty Trust had a return on equity of 4.18% and a net margin of 11.42%. The business’s revenue for the quarter was down 3.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.15 EPS. equities analysts forecast that Cedar Realty Trust will post 0.55 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, November 20th. Investors of record on Friday, November 10th were issued a $0.05 dividend. The ex-dividend date was Thursday, November 9th. This represents a $0.20 annualized dividend and a yield of 3.27%. Cedar Realty Trust’s dividend payout ratio is currently -285.71%.

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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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