Cedar Realty Trust, Inc. (NYSE:CDR) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday, August 1st.
CDR has been the subject of several other reports. Zacks Investment Research upgraded Cedar Realty Trust from a “hold” rating to a “buy” rating and set a $5.75 target price for the company in a research note on Wednesday, July 5th. FBR & Co restated an “outperform” rating and issued a $5.75 target price on shares of Cedar Realty Trust in a research note on Tuesday, July 11th. TheStreet upgraded Cedar Realty Trust from a “d+” rating to a “c” rating in a research note on Friday, May 5th. Finally, ValuEngine downgraded Cedar Realty Trust from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $6.15.
Cedar Realty Trust (NYSE CDR) traded down 1.01% on Tuesday, reaching $4.88. The company’s stock had a trading volume of 609,321 shares. Cedar Realty Trust has a 52-week low of $4.70 and a 52-week high of $7.98. The stock’s market cap is $401.12 million. The firm’s 50-day moving average price is $5.12 and its 200-day moving average price is $5.28.
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In other Cedar Realty Trust news, Director Paul G. Kirk, Jr. sold 9,759 shares of Cedar Realty Trust stock in a transaction dated Wednesday, June 21st. The stock was sold at an average price of $4.88, for a total transaction of $47,623.92. Following the completion of the transaction, the director now owns 75,874 shares in the company, valued at approximately $370,265.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 4.50% of the stock is currently owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in the stock. Independent Portfolio Consultants Inc. increased its position in Cedar Realty Trust by 9.1% in the first quarter. Independent Portfolio Consultants Inc. now owns 20,345 shares of the real estate investment trust’s stock worth $102,000 after buying an additional 1,705 shares during the period. Susquehanna International Group LLP bought a new position in Cedar Realty Trust during the second quarter worth about $103,000. Verition Fund Management LLC increased its position in Cedar Realty Trust by 68.3% in the second quarter. Verition Fund Management LLC now owns 22,421 shares of the real estate investment trust’s stock worth $109,000 after buying an additional 9,097 shares during the period. OppenheimerFunds Inc. increased its position in Cedar Realty Trust by 50.3% in the first quarter. OppenheimerFunds Inc. now owns 22,840 shares of the real estate investment trust’s stock worth $114,000 after buying an additional 7,648 shares during the period. Finally, Credit Agricole S A increased its position in Cedar Realty Trust by 69.0% in the first quarter. Credit Agricole S A now owns 24,425 shares of the real estate investment trust’s stock worth $123,000 after buying an additional 9,970 shares during the period. Institutional investors and hedge funds own 92.13% of the company’s stock.
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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