Cedar Realty Trust (CDR) Lowered to D+ at TheStreet

Cedar Realty Trust (NYSE:CDR) was downgraded by research analysts at TheStreet from a “c” rating to a “d+” rating in a report released on Thursday.

CDR has been the topic of several other research reports. ValuEngine lowered Cedar Realty Trust from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Boenning Scattergood set a $5.00 target price on Cedar Realty Trust and gave the company a “sell” rating in a research report on Tuesday, November 28th. Zacks Investment Research lowered Cedar Realty Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Finally, Raymond James Financial restated a “hold” rating on shares of Cedar Realty Trust in a research report on Thursday, December 14th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $5.81.

Shares of Cedar Realty Trust (NYSE:CDR) opened at $4.51 on Thursday. Cedar Realty Trust has a 52-week low of $4.20 and a 52-week high of $6.34. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.72 and a current ratio of 0.72. The company has a market capitalization of $411.84, a PE ratio of -150.33 and a beta of 0.75.

Cedar Realty Trust (NYSE:CDR) last announced its earnings results on Thursday, February 8th. The real estate investment trust reported $0.03 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.11). Cedar Realty Trust had a net margin of 13.11% and a return on equity of 4.77%. The business had revenue of $37.14 million for the quarter, compared to the consensus estimate of $37.06 million. During the same quarter in the previous year, the company earned $0.14 EPS. The firm’s revenue for the quarter was down .1% on a year-over-year basis. research analysts forecast that Cedar Realty Trust will post 0.57 earnings per share for the current year.

Hedge funds have recently bought and sold shares of the stock. Crossmark Global Holdings Inc. acquired a new position in Cedar Realty Trust during the 3rd quarter worth approximately $100,000. Arrowstreet Capital Limited Partnership acquired a new position in Cedar Realty Trust during the 4th quarter worth approximately $118,000. Susquehanna International Group LLP acquired a new position in Cedar Realty Trust during the 2nd quarter worth approximately $103,000. Verition Fund Management LLC raised its stake in 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 worth $109,000 after buying an additional 9,097 shares during the period. Finally, 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 worth $139,000 after buying an additional 11,981 shares during the period. 93.81% of the stock is currently owned by institutional investors and hedge funds.

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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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