Zacks Investment Research cut shares of Cedar Realty Trust (NYSE:CDR) from a buy rating to a hold rating in a report released on Tuesday morning, Zacks.com reports.

According to Zacks, “Cedar Realty Trust, Inc. is a real estate investment trust which owns a portfolio of predominantly grocery-anchored shopping centers in high-density urban markets from D.C. to Boston. Cedar Realty Trust Inc, formerly known as Cedar Shopn Ctr, is based in Port Washington, NY. “

Separately, ValuEngine downgraded Zosano Pharma from a buy rating to a hold rating in a report on Wednesday, May 1st.

Shares of Cedar Realty Trust stock opened at $2.56 on Tuesday. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.58 and a current ratio of 0.58. The company has a market capitalization of $234.13 million, a P/E ratio of 4.41 and a beta of 0.86. The company’s 50 day simple moving average is $2.76. Cedar Realty Trust has a 52 week low of $2.52 and a 52 week high of $4.95.

Cedar Realty Trust (NYSE:CDR) last announced its earnings results on Thursday, May 2nd. The real estate investment trust reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.10. The company had revenue of $36.88 million during the quarter, compared to the consensus estimate of $36.57 million. Cedar Realty Trust had a return on equity of 5.85% and a net margin of 15.49%. On average, equities analysts predict that Cedar Realty Trust will post 0.45 EPS for the current year.

In related news, insider Bruce J. Schanzer sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $3.14, for a total transaction of $31,400.00. Following the completion of the transaction, the insider now owns 2,272,343 shares in the company, valued at $7,135,157.02. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 4.51% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Crossmark Global Holdings Inc. purchased a new stake in shares of Cedar Realty Trust in the 2nd quarter worth $29,000. AJO LP lifted its holdings in shares of Cedar Realty Trust by 4.3% in the 1st quarter. AJO LP now owns 1,235,285 shares of the real estate investment trust’s stock worth $4,200,000 after buying an additional 50,988 shares during the period. Magnus Financial Group LLC purchased a new stake in shares of Cedar Realty Trust in the 1st quarter worth $106,000. Shell Asset Management Co. purchased a new stake in shares of Cedar Realty Trust in the 1st quarter worth $557,000. Finally, Forsta AP Fonden purchased a new stake in shares of Cedar Realty Trust in the 1st quarter worth $108,000. Institutional investors and hedge funds own 90.03% of the company’s stock.

Cedar Realty Trust Company Profile

Cedar Realty Trust, Inc is a fully-integrated real estate investment trust which focuses on the ownership, operation and redevelopment of grocery-anchored shopping centers in high-density urban markets from Washington, DC to Boston. The Company's portfolio (excluding properties treated as "held for sale") comprises 58 properties, with approximately 8.7 million square feet of gross leasable area.

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