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.
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).
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