Cedar Realty Trust Inc (NYSE:CDR) shares reached a new 52-week high and low during mid-day trading on Monday . The stock traded as low as $3.54 and last traded at $3.60, with a volume of 100748 shares traded. The stock had previously closed at $3.57.
Several research analysts have recently issued reports on CDR shares. Zacks Investment Research downgraded shares of Cedar Realty Trust from a “buy” rating to a “hold” rating in a report on Tuesday, January 16th. Boenning Scattergood reissued a “sell” rating on shares of Cedar Realty Trust in a research note on Monday, February 12th. Robert W. Baird lowered their target price on shares of Cedar Realty Trust from $7.00 to $6.00 and set an “outperform” rating on the stock in a research note on Monday, February 12th. B. Riley lowered their target price on shares of Cedar Realty Trust from $6.50 to $5.50 and set a “buy” rating on the stock in a research note on Monday, February 12th. Finally, TheStreet cut shares of Cedar Realty Trust from a “c” rating to a “d+” rating in a research note on Thursday, February 8th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $5.75.
The company has a market cap of $328.08, a price-to-earnings ratio of 6.49 and a beta of 0.89. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.37.
The company also recently declared a quarterly dividend, which will be paid on Monday, May 21st. Shareholders of record on Friday, May 11th will be given a $0.05 dividend. The ex-dividend date is Thursday, May 10th. This represents a $0.20 dividend on an annualized basis and a yield of 5.54%. Cedar Realty Trust’s dividend payout ratio (DPR) is presently 36.36%.
Large investors have recently added to or reduced their stakes in the business. AXA acquired a new position in Cedar Realty Trust in the fourth quarter valued at about $3,181,000. Snow Park Capital Partners LP acquired a new position in Cedar Realty Trust in the fourth quarter valued at about $21,863,000. Aperio Group LLC boosted its position in Cedar Realty Trust by 10.0% in the fourth quarter. Aperio Group LLC now owns 116,724 shares of the real estate investment trust’s stock valued at $710,000 after buying an additional 10,567 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in Cedar Realty Trust by 7.1% in the third quarter. Schwab Charles Investment Management Inc. now owns 811,146 shares of the real estate investment trust’s stock valued at $4,559,000 after buying an additional 53,665 shares in the last quarter. Finally, Thrivent Financial For Lutherans boosted its position in Cedar Realty Trust by 30.0% in the fourth quarter. Thrivent Financial For Lutherans now owns 411,750 shares of the real estate investment trust’s stock valued at $2,504,000 after buying an additional 94,991 shares in the last quarter. Hedge funds and other institutional investors own 94.39% of the company’s stock.
About Cedar Realty Trust
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 61 properties, with approximately 9.0 million square feet of gross leasable area.
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