Cedar Realty Trust, Inc. (CDR) Receives $5.81 Average Price Target from Analysts

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.

COPYRIGHT VIOLATION WARNING: “Cedar Realty Trust, Inc. (CDR) Receives $5.81 Average Price Target from Analysts” was posted by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this news story on another website, it was copied illegally and republished in violation of U.S. and international trademark & copyright legislation. The legal version of this news story can be read at https://stocknewstimes.com/2017/11/15/cedar-realty-trust-inc-cdr-receives-5-81-average-price-target-from-analysts.html.

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).

Analyst Recommendations for Cedar Realty Trust (NYSE:CDR)

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

Latest News

Leave a Reply