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.
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).
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