Cedar Realty Trust (CDR) Rating Reiterated by Boenning Scattergood

Cedar Realty Trust (NYSE:CDR)‘s stock had its “sell” rating reaffirmed by investment analysts at Boenning Scattergood in a note issued to investors on Monday.

CDR has been the subject of a number of other reports. ValuEngine downgraded Cedar Realty Trust from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. TheStreet downgraded Cedar Realty Trust from a “c” rating to a “d+” rating in a research note on Thursday. B. Riley decreased their price target on Cedar Realty Trust from $6.50 to $5.50 and set a “buy” rating for the company in a research note on Monday. Zacks Investment Research cut Cedar Realty Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. Finally, Robert W. Baird decreased their price target on Cedar Realty Trust from $7.00 to $6.00 and set an “outperform” rating for the company in a research note on Monday. One investment 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’s stock. Cedar Realty Trust presently has a consensus rating of “Hold” and an average target price of $5.75.

Shares of Cedar Realty Trust (NYSE CDR) traded down $0.23 during midday trading on Monday, hitting $4.28. The stock had a trading volume of 395,752 shares, compared to its average volume of 537,842. Cedar Realty Trust has a 1-year low of $4.20 and a 1-year high of $6.34. The company has a quick ratio of 0.72, a current ratio of 1.00 and a debt-to-equity ratio of 1.37. The company has a market cap of $391.75, a P/E ratio of -107.25 and a beta of 0.75.

Cedar Realty Trust (NYSE:CDR) last issued its quarterly earnings results on Thursday, February 8th. The real estate investment trust reported $0.03 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.11). The firm had revenue of $37.14 million during the quarter, compared to the consensus estimate 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 revenue was down .1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.14 earnings per share. research analysts forecast that Cedar Realty Trust will post 0.54 EPS for the current year.

Several large investors have recently added to or reduced their stakes in CDR. Goldman Sachs Group Inc. lifted its holdings in shares of Cedar Realty Trust by 60.4% in the second quarter. Goldman Sachs Group Inc. now owns 501,289 shares of the real estate investment trust’s stock valued at $2,431,000 after buying an additional 188,689 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Cedar Realty Trust by 5.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,213,260 shares of the real estate investment trust’s stock valued at $5,885,000 after purchasing an additional 62,150 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in shares of Cedar Realty Trust by 7.1% during the third quarter. Schwab Charles Investment Management Inc. now owns 811,146 shares of the real estate investment trust’s stock valued at $4,559,000 after purchasing an additional 53,665 shares during the last quarter. FNY Partners Fund LP purchased a new stake in shares of Cedar Realty Trust during the third quarter valued at $490,000. Finally, Deprince Race & Zollo Inc. lifted its holdings in shares of Cedar Realty Trust by 36.2% during the third quarter. Deprince Race & Zollo Inc. now owns 2,495,693 shares of the real estate investment trust’s stock valued at $14,026,000 after purchasing an additional 663,014 shares during the last quarter. 95.05% of the stock is 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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