Boenning Scattergood reaffirmed their sell rating on shares of Cedar Realty Trust (NYSE:CDR) in a report released on Monday morning. Boenning Scattergood also issued estimates for Cedar Realty Trust’s Q1 2018 earnings at $0.13 EPS, Q4 2018 earnings at $0.14 EPS, Q1 2019 earnings at $0.13 EPS, Q2 2019 earnings at $0.13 EPS, Q3 2019 earnings at $0.14 EPS and FY2019 earnings at $0.55 EPS.

Other equities analysts have also issued research reports about the company. Zacks Investment Research raised Cedar Realty Trust from a hold rating to a buy rating and set a $7.00 target price on the stock in a report on Tuesday, December 19th. ValuEngine raised Cedar Realty Trust from a hold rating to a buy rating in a report on Friday, December 15th. B. Riley reissued a buy rating on shares of Cedar Realty Trust in a report on Wednesday, November 1st. Finally, TheStreet lowered Cedar Realty Trust from a c rating to a d+ rating in a report on Thursday, February 8th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. Cedar Realty Trust has an average rating of Hold and a consensus price target of $5.75.

Shares of Cedar Realty Trust (CDR) opened at $4.04 on Monday. Cedar Realty Trust has a 12-month low of $4.01 and a 12-month high of $6.29. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.72 and a current ratio of 1.00. The firm has a market capitalization of $379.54, a price-to-earnings ratio of 7.38 and a beta of 0.75.

Cedar Realty Trust (NYSE:CDR) last posted its quarterly earnings data on Thursday, February 8th. The real estate investment trust reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.11). Cedar Realty Trust had a return on equity of 4.71% and a net margin of 13.11%. The company had revenue of $37.14 million for the quarter, compared to analysts’ expectations of $37.06 million. During the same period in the prior year, the company posted $0.14 EPS. The firm’s revenue was down .1% compared to the same quarter last year. research analysts forecast that Cedar Realty Trust will post 0.55 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 20th. Investors of record on Monday, February 12th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 4.95%. The ex-dividend date is Friday, February 9th. Cedar Realty Trust’s dividend payout ratio (DPR) is presently -666.67%.

A number of large investors have recently bought and sold shares of the stock. Millennium Management LLC purchased a new position in Cedar Realty Trust in the fourth quarter valued at $309,000. Teachers Advisors LLC grew its holdings in shares of Cedar Realty Trust by 10.6% during the fourth quarter. Teachers Advisors LLC now owns 156,420 shares of the real estate investment trust’s stock worth $951,000 after purchasing an additional 14,959 shares during the last quarter. Two Sigma Investments LP grew its holdings in shares of Cedar Realty Trust by 568.8% during the fourth quarter. Two Sigma Investments LP now owns 433,013 shares of the real estate investment trust’s stock worth $2,633,000 after purchasing an additional 368,268 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Cedar Realty Trust by 50.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,059,755 shares of the real estate investment trust’s stock worth $6,443,000 after purchasing an additional 353,711 shares during the last quarter. Finally, Deutsche Bank AG grew its holdings in shares of Cedar Realty Trust by 280.6% during the fourth quarter. Deutsche Bank AG now owns 334,714 shares of the real estate investment trust’s stock worth $2,032,000 after purchasing an additional 246,776 shares during the last quarter. 95.05% of the stock is currently owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION NOTICE: This report was posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this report on another site, it was illegally stolen and republished in violation of U.S. & international copyright laws. The original version of this report can be read at https://www.thecerbatgem.com/2018/02/15/cedar-realty-trust-cdr-receives-sell-rating-from-boenning-scattergood.html.

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)

Receive News & Ratings for Cedar Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cedar Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.