Cedar Realty Trust, Inc. (CDR) Stock Rating Upgraded by ValuEngine
Cedar Realty Trust, Inc. (NYSE:CDR) was upgraded by investment analysts at ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Monday.
Several other equities research analysts have also issued reports on CDR. Zacks Investment Research raised Cedar Realty Trust from a “hold” rating to a “buy” rating and set a $5.75 price target for the company in a research note on Wednesday, July 5th. FBR & Co reiterated an “outperform” rating and set a $5.75 price objective on shares of Cedar Realty Trust in a research report on Tuesday, July 11th. BidaskClub upgraded Cedar Realty Trust from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Finally, Boenning Scattergood set a $5.00 price objective on Cedar Realty Trust and gave the company a “sell” rating in a report on Monday, August 7th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the stock. Cedar Realty Trust presently has an average rating of “Hold” and a consensus price target of $6.15.
Shares of Cedar Realty Trust (CDR) traded up 1.07% during mid-day trading on Monday, hitting $5.68. The stock had a trading volume of 830,688 shares. The firm has a 50 day moving average price of $5.17 and a 200-day moving average price of $5.14. The stock’s market cap is $466.88 million. Cedar Realty Trust has a 12 month low of $4.70 and a 12 month high of $7.21.
Cedar Realty Trust (NYSE:CDR) last released its earnings results on Friday, August 4th. The real estate investment trust reported ($0.10) EPS for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.24). The firm had revenue of $35.70 million during the quarter, compared to the consensus estimate of $35.97 million. Cedar Realty Trust had a net margin of 6.58% and a return on equity of 2.49%. The firm’s revenue was down 5.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.15 EPS. On average, equities research analysts forecast that Cedar Realty Trust will post $0.06 EPS for the current year.
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A number of hedge funds and other institutional investors have recently bought and sold shares of CDR. Great West Life Assurance Co. Can grew its stake in shares of Cedar Realty Trust by 0.3% during the first quarter. Great West Life Assurance Co. Can now owns 138,180 shares of the real estate investment trust’s stock valued at $693,000 after buying an additional 386 shares during the last quarter. Citadel Advisors LLC increased its holdings in shares of Cedar Realty Trust by 589.9% in the first quarter. Citadel Advisors LLC now owns 193,701 shares of the real estate investment trust’s stock worth $972,000 after buying an additional 165,625 shares during the period. Morgan Stanley increased its holdings in shares of Cedar Realty Trust by 107.9% in the first quarter. Morgan Stanley now owns 563,460 shares of the real estate investment trust’s stock worth $2,829,000 after buying an additional 292,433 shares during the period. Systematic Financial Management LP purchased a new position in shares of Cedar Realty Trust in the second quarter worth about $1,462,000. Finally, Tudor Investment Corp ET AL increased its holdings in shares of Cedar Realty Trust by 54.7% in the first quarter. Tudor Investment Corp ET AL now owns 57,616 shares of the real estate investment trust’s stock worth $289,000 after buying an additional 20,375 shares during the period. Institutional investors and hedge funds own 92.21% of the company’s stock.
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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