Shares of Cedar Realty Trust, Inc. (NYSE:CDR) have received a consensus rating of “Hold” from the ten ratings firms that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $5.81.
Several analysts recently commented on the company. B. Riley reaffirmed a “buy” rating on shares of Cedar Realty Trust in a research note on Wednesday, November 1st. BidaskClub raised Cedar Realty Trust from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Zacks Investment Research downgraded Cedar Realty Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Boenning Scattergood reaffirmed a “sell” rating and set a $4.50 price objective on shares of Cedar Realty Trust in a research note on Monday, November 6th. Finally, FBR & Co raised their price objective on Cedar Realty Trust from $5.75 to $6.25 and gave the stock an “outperform” rating in a research note on Tuesday, August 8th.
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Hedge funds have recently added to or reduced their stakes in the business. Crossmark Global Holdings Inc. bought a new position in Cedar Realty Trust during the 3rd quarter worth about $100,000. Susquehanna International Group LLP bought a new position in Cedar Realty Trust during the 2nd quarter worth about $103,000. Verition Fund Management LLC increased its holdings in Cedar Realty Trust by 68.3% during the 2nd 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 in the last quarter. OppenheimerFunds Inc. increased its holdings in Cedar Realty Trust by 50.3% during the 1st quarter. OppenheimerFunds Inc. now owns 22,840 shares of the real estate investment trust’s stock worth $114,000 after purchasing an additional 7,648 shares in the last quarter. Finally, SG Americas Securities LLC increased its holdings in Cedar Realty Trust by 93.6% during the 3rd 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 in the last quarter. Hedge funds and other institutional investors own 93.27% of the company’s stock.
Shares of Cedar Realty Trust (NYSE CDR) traded down $0.03 during trading on Friday, reaching $5.91. The company had a trading volume of 320,000 shares, compared to its average volume of 580,559. The firm has a market cap of $542.42, a P/E ratio of 10.61 and a beta of 0.93. Cedar Realty Trust has a twelve month low of $4.70 and a twelve month 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 data on Thursday, November 2nd. The real estate investment trust reported $0.14 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.01. The business had revenue of $36.40 million for 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%. The firm’s revenue was down 3.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.15 EPS. equities research analysts predict that Cedar Realty Trust will post 0.55 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, November 20th. Shareholders of record on Friday, November 10th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 3.38%. The ex-dividend date of this dividend is Thursday, November 9th. Cedar Realty Trust’s dividend payout ratio (DPR) is presently -285.71%.
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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