Cedar Realty Trust (NYSE:CDR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday. The firm presently has a $6.00 price target on the real estate investment trust’s stock. Zacks Investment Research‘s price objective suggests a potential upside of 12.78% from the stock’s current price.

According to Zacks, “Cedar Shopping Centers, Inc. is a fully-integrated real estate investment trust which focuses primarily on ownership, operation, development and redevelopment of bread and butter supermarket-anchored shopping centers in coastal mid-Atlantic and New England states. The Company owns and operates shopping center properties which are anchored by supermarkets and/or drugstores. “

Other equities analysts also recently issued research reports about the stock. Boenning Scattergood set a $5.00 price objective on shares of Cedar Realty Trust and gave the stock a “sell” rating in a research report on Tuesday, November 28th. KeyCorp restated a “hold” rating on shares of Cedar Realty Trust in a research report on Friday, November 3rd. Raymond James Financial restated a “hold” rating on shares of Cedar Realty Trust in a research report on Thursday, December 14th. ValuEngine upgraded shares of Cedar Realty Trust from a “hold” rating to a “buy” rating in a research report on Friday, December 15th. Finally, B. Riley restated a “buy” rating on shares of Cedar Realty Trust in a research report on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. Cedar Realty Trust currently has an average rating of “Hold” and an average target price of $5.81.

Shares of Cedar Realty Trust (NYSE CDR) traded down $0.06 during trading hours on Friday, reaching $5.32. 263,079 shares of the company were exchanged, compared to its average volume of 533,633. The firm has a market cap of $502.24, a PE ratio of -76.00 and a beta of 0.96. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.72 and a current ratio of 0.72. Cedar Realty Trust has a 12-month low of $4.70 and a 12-month high of $6.36.

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, topping the Zacks’ consensus estimate of $0.13 by $0.01. The firm had revenue of $36.40 million during the quarter, compared to analysts’ expectations of $35.31 million. Cedar Realty Trust had a net margin of 11.42% and a return on equity of 4.18%. Cedar Realty Trust’s quarterly revenue was down 3.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.15 EPS. analysts anticipate that Cedar Realty Trust will post 0.55 earnings per share for the current fiscal year.

A number of institutional investors have recently made changes to their positions in CDR. LSV Asset Management raised its position in Cedar Realty Trust by 1,820.0% during the 2nd quarter. LSV Asset Management now owns 1,009,900 shares of the real estate investment trust’s stock worth $4,898,000 after buying an additional 957,300 shares during the last quarter. Brandywine Global Investment Management LLC purchased a new position in shares of Cedar Realty Trust in the 2nd quarter valued at about $3,684,000. Deprince Race & Zollo Inc. increased its holdings in shares of Cedar Realty Trust by 36.2% in the 3rd quarter. Deprince Race & Zollo Inc. now owns 2,495,693 shares of the real estate investment trust’s stock valued at $14,026,000 after purchasing an additional 663,014 shares in the last quarter. TIAA CREF Investment Management LLC increased its holdings in shares of Cedar Realty Trust by 144.3% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 561,367 shares of the real estate investment trust’s stock valued at $2,723,000 after purchasing an additional 331,619 shares in the last quarter. Finally, Systematic Financial Management LP purchased a new position in shares of Cedar Realty Trust in the 2nd quarter valued at about $1,462,000. Institutional investors own 92.64% of the company’s stock.

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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).

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