Cedar Realty Trust (CDR) Given Hold Rating at Raymond James Financial
Cedar Realty Trust (NYSE:CDR)‘s stock had its “hold” rating reissued by equities researchers at Raymond James Financial in a research note issued on Thursday.
Several other equities analysts also recently weighed in on the company. Zacks Investment Research downgraded Cedar Realty Trust from a “buy” rating to a “hold” rating in a report on Wednesday, November 29th. Boenning Scattergood set a $5.00 price target on Cedar Realty Trust and gave the company a “sell” rating in a report on Tuesday, November 28th. B. Riley reiterated a “buy” rating on shares of Cedar Realty Trust in a report on Wednesday, November 1st. KeyCorp reiterated a “hold” rating on shares of Cedar Realty Trust in a report on Friday, November 3rd. Finally, ValuEngine upgraded Cedar Realty Trust from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. Cedar Realty Trust has an average rating of “Hold” and a consensus price target of $5.94.
Shares of Cedar Realty Trust (CDR) traded down $0.03 during trading hours on Thursday, hitting $6.08. The stock had a trading volume of 703,000 shares, compared to its average volume of 595,695. Cedar Realty Trust has a 1 year low of $4.70 and a 1 year high of $6.79. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.72 and a quick ratio of 0.72. The company has a market capitalization of $557.95, a P/E ratio of 10.91 and a beta of 0.97.
Large investors have recently made changes to their positions in the business. Crossmark Global Holdings Inc. purchased a new position in shares of Cedar Realty Trust during the 3rd quarter valued at about $100,000. Susquehanna International Group LLP purchased a new position in shares of Cedar Realty Trust during the 2nd quarter valued at about $103,000. Verition Fund Management LLC lifted its position in shares of Cedar Realty Trust by 68.3% during the 2nd 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 in the last quarter. SG Americas Securities LLC raised its stake in Cedar Realty Trust by 93.6% during the 3rd quarter. SG Americas Securities LLC now owns 24,776 shares of the real estate investment trust’s stock valued at $139,000 after purchasing an additional 11,981 shares during the period. Finally, Arizona State Retirement System raised its stake in Cedar Realty Trust by 0.3% during the 2nd quarter. Arizona State Retirement System now owns 39,683 shares of the real estate investment trust’s stock valued at $192,000 after purchasing an additional 100 shares during the period. 92.67% of the stock is currently owned by institutional investors and hedge funds.
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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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