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.

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

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).

Analyst Recommendations for Cedar Realty Trust (NYSE:CDR)

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