Zacks Investment Research cut shares of Cedar Realty Trust (NYSE:CDR) from a buy rating to a hold rating in a research report sent to investors on Wednesday morning.

According to Zacks, “Cedar Shopping Centers, Inc. is a fully-integrated real estate investment trust which focuses primarily on ownership, operation, development and redevelopment of bread and butter supermarket-anchored shopping centers in coastal mid-Atlantic and New England states. The Company owns and operates shopping center properties which are anchored by supermarkets and/or drugstores. “

CDR has been the subject of a number of other reports. KeyCorp restated a hold rating on shares of Cedar Realty Trust in a research report on Wednesday, October 4th. Boenning Scattergood restated a sell rating and issued a $4.50 price target on shares of Cedar Realty Trust in a research report on Monday, November 6th. BidaskClub downgraded Cedar Realty Trust from a buy rating to a hold rating in a research report on Tuesday, August 8th. FBR & Co raised their price target on Cedar Realty Trust from $5.75 to $6.25 and gave the stock an outperform rating in a research report on Tuesday, August 8th. Finally, ValuEngine upgraded Cedar Realty Trust from a hold rating to a buy rating in a research report on Monday, October 2nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $5.94.

Shares of Cedar Realty Trust (CDR) opened at $6.06 on Wednesday. The stock has a market capitalization of $547.90, a price-to-earnings ratio of 10.71 and a beta of 0.93. Cedar Realty Trust has a 52-week low of $4.70 and a 52-week high of $6.79. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.72 and a quick ratio of 0.72.

Cedar Realty Trust (NYSE:CDR) last issued its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.01. The company had revenue of $36.40 million during the quarter, compared to the consensus estimate of $35.31 million. Cedar Realty Trust had a return on equity of 4.18% and a net margin of 11.42%. Cedar Realty Trust’s revenue was down 3.7% on a year-over-year basis. During the same period last year, the company earned $0.15 earnings per share. analysts anticipate that Cedar Realty Trust will post 0.54 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, November 20th. Shareholders of record on Friday, November 10th were paid a $0.05 dividend. The ex-dividend date was Thursday, November 9th. This represents a $0.20 dividend on an annualized basis and a yield of 3.30%. Cedar Realty Trust’s payout ratio is -285.71%.

Hedge funds have recently added to or reduced their stakes in the business. Crossmark Global Holdings Inc. purchased a new stake in Cedar Realty Trust in the third quarter worth $100,000. Susquehanna International Group LLP purchased a new stake in Cedar Realty Trust in the second quarter worth $103,000. Verition Fund Management LLC increased its stake in Cedar Realty Trust by 68.3% in the second 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. SG Americas Securities LLC increased its stake in Cedar Realty Trust by 93.6% in the third 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. Finally, KCG Holdings Inc. purchased a new stake in Cedar Realty Trust in the first quarter worth $176,000. Institutional investors and hedge funds own 92.62% of the company’s stock.

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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).

Analyst Recommendations for Cedar Realty Trust (NYSE:CDR)

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