Cedar Realty Trust (CDR) Receives “Sell” Rating from Boenning Scattergood
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.
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.
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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).
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