Cedar Realty Trust (CDR) PT Lowered to $5.50

Cedar Realty Trust (NYSE:CDR) had its target price lowered by investment analysts at B. Riley from $6.50 to $5.50 in a research report issued on Monday. The firm presently has a “buy” rating on the real estate investment trust’s stock. B. Riley’s price objective points to a potential upside of 21.95% from the company’s previous close.

A number of other equities research analysts have also recently commented on CDR. KeyCorp reiterated a “hold” rating on shares of Cedar Realty Trust in a report on Friday, November 3rd. Boenning Scattergood reiterated a “sell” rating and set a $4.50 target price on shares of Cedar Realty Trust in a report on Monday, November 6th. Zacks Investment Research upgraded Cedar Realty Trust from a “hold” rating to a “buy” rating and set a $6.50 target price on the stock in a report on Tuesday, November 7th. Raymond James Financial reiterated a “hold” rating on shares of Cedar Realty Trust in a report on Thursday, December 14th. Finally, ValuEngine upgraded Cedar Realty Trust from a “hold” rating to a “buy” rating in a report on Friday, December 15th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $5.75.

Shares of Cedar Realty Trust (NYSE CDR) opened at $4.51 on Monday. The company has a market capitalization of $411.84, a price-to-earnings ratio of -150.33 and a beta of 0.75. The company has a current ratio of 1.00, a quick ratio of 0.72 and a debt-to-equity ratio of 1.37. Cedar Realty Trust has a fifty-two week low of $4.20 and a fifty-two week high of $6.34.

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 analysts’ consensus estimates of $0.14 by ($0.11). The company had revenue of $37.14 million for the quarter, compared to analyst estimates of $37.06 million. Cedar Realty Trust had a net margin of 13.11% and a return on equity of 4.71%. Cedar Realty Trust’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter last year, the company posted $0.14 EPS. equities research analysts forecast that Cedar Realty Trust will post 0.54 earnings per share for the current year.

Institutional investors have recently modified their holdings of the business. Crossmark Global Holdings Inc. purchased a new position in shares of Cedar Realty Trust during the 3rd quarter worth $100,000. Susquehanna International Group LLP purchased a new position in shares of Cedar Realty Trust during the 2nd quarter worth $103,000. Verition Fund Management LLC lifted its stake 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 worth $109,000 after purchasing an additional 9,097 shares during the period. Arrowstreet Capital Limited Partnership purchased a new position in shares of Cedar Realty Trust during the 4th quarter worth $118,000. Finally, SG Americas Securities LLC lifted its stake in shares of 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 purchasing an additional 11,981 shares during the period. 95.05% of the stock is currently owned by institutional investors.

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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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