Cedar Realty Trust (NYSE:CDR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Tuesday.

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. “

A number of other research analysts also recently weighed in on CDR. B. Riley restated a “buy” rating on shares of Cedar Realty Trust in a research report on Wednesday, November 1st. KeyCorp restated a “hold” rating on shares of Cedar Realty Trust in a research report on Wednesday, October 4th. ValuEngine upgraded shares of Cedar Realty Trust from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Boenning Scattergood restated a “sell” rating and set a $4.50 price objective on shares of Cedar Realty Trust in a research report on Monday, November 6th. Finally, Raymond James Financial reiterated a “hold” rating on shares of Cedar Realty Trust in a research report on Thursday, December 14th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. Cedar Realty Trust presently has a consensus rating of “Hold” and a consensus price target of $5.81.

Shares of Cedar Realty Trust (CDR) traded up $0.04 during trading on Tuesday, reaching $5.36. 477,285 shares of the company were exchanged, compared to its average volume of 527,990. The company has a market capitalization of $485.80, a P/E ratio of -76.57 and a beta of 0.96. Cedar Realty Trust has a 12 month low of $4.70 and a 12 month high of $6.36. 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 (NYSE:CDR) last issued its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.14 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.01. The company had revenue of $36.40 million for the quarter, compared to the consensus estimate of $35.31 million. Cedar Realty Trust had a net margin of 11.42% and a return on equity of 4.18%. The firm’s revenue for the quarter was down 3.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.15 earnings per share. equities research analysts predict that Cedar Realty Trust will post 0.55 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CDR. Crossmark Global Holdings Inc. bought a new position in Cedar Realty Trust in the third quarter worth approximately $100,000. Susquehanna International Group LLP bought a new position in Cedar Realty Trust in the second quarter worth approximately $103,000. Verition Fund Management LLC raised its position in Cedar Realty Trust by 68.3% in the second 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 period. SG Americas Securities LLC raised its position in Cedar Realty Trust by 93.6% in the third quarter. SG Americas Securities LLC now owns 24,776 shares of the real estate investment trust’s stock worth $139,000 after acquiring an additional 11,981 shares during the period. Finally, Quantitative Systematic Strategies LLC bought a new position in Cedar Realty Trust in the third quarter worth approximately $193,000. Institutional investors and hedge funds 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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