ValuEngine upgraded shares of Cedar Realty Trust (NYSE:CDR) from a hold rating to a buy rating in a research report report published on Friday morning.

CDR has been the subject of a number of other research reports. Boenning Scattergood set a $5.00 target price on shares of Cedar Realty Trust and gave the stock a sell rating in a research report on Tuesday, November 28th. KeyCorp restated a hold rating on shares of Cedar Realty Trust in a research report on Wednesday, October 4th. Zacks Investment Research lowered shares of Cedar Realty Trust from a buy rating to a hold rating in a research report on Wednesday, November 29th. Raymond James Financial restated a hold rating on shares of Cedar Realty Trust in a research report on Thursday. Finally, B. Riley restated a buy rating on shares of Cedar Realty Trust in a research report on Wednesday, November 1st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. The company has a consensus rating of Hold and an average price target of $5.94.

Shares of Cedar Realty Trust (NYSE CDR) traded down $0.01 during trading hours on Friday, reaching $6.04. 4,119,943 shares of the company’s stock were exchanged, compared to its average volume of 755,778. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.72 and a quick ratio of 0.72. The company has a market capitalization of $552.47, a price-to-earnings ratio of 10.80 and a beta of 0.97. Cedar Realty Trust has a 12-month low of $4.70 and a 12-month high of $6.79.

Cedar Realty Trust (NYSE:CDR) last issued its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.01. The firm had revenue of $36.40 million during the quarter, compared to analyst estimates of $35.31 million. Cedar Realty Trust had a net margin of 11.42% and a return on equity of 4.18%. The company’s quarterly revenue was down 3.7% on a year-over-year basis. During the same quarter last year, the business earned $0.15 earnings per share. sell-side analysts expect that Cedar Realty Trust will post 0.55 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 20th. Stockholders of record on Friday, November 10th were given a $0.05 dividend. The ex-dividend date of this dividend was Thursday, November 9th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.31%. Cedar Realty Trust’s dividend payout ratio (DPR) is currently -285.71%.

Institutional investors and hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. raised its stake in Cedar Realty Trust by 9.7% in the second quarter. JPMorgan Chase & Co. now owns 729,269 shares of the real estate investment trust’s stock valued at $3,537,000 after purchasing an additional 64,425 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in 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 purchasing an additional 188,689 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Cedar Realty Trust by 5.4% in 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 in the last quarter. FNY Partners Fund LP purchased a new stake in Cedar Realty Trust in the third quarter valued at approximately $490,000. Finally, Brandywine Global Investment Management LLC purchased a new stake in Cedar Realty Trust in the second quarter valued at approximately $3,684,000. 92.67% of the stock is currently owned by institutional investors and hedge funds.

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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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