Cedar Realty Trust, Inc. (NYSE:CDR) Rating Increased to Buy at BidaskClub

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.

Cedar Realty Trust (NYSE:CDR) last issued its earnings results on Friday, August 4th. The real estate investment trust reported ($0.10) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by $0.24. The firm had revenue of $35.70 million during the quarter, compared to analyst estimates of $35.97 million. Cedar Realty Trust had a net margin of 6.58% and a return on equity of 2.49%. The business’s quarterly revenue was down 5.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.15 earnings per share. On average, equities analysts expect that Cedar Realty Trust will post $0.06 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: “Cedar Realty Trust, Inc. (NYSE:CDR) Rating Increased to Buy at BidaskClub” was published by Community Financial News and is owned by of Community Financial News. If you are accessing this news story on another website, it was copied illegally and republished in violation of U.S. & international copyright legislation. The original version of this news story can be accessed at https://www.com-unik.info/2017/08/19/bidaskclub-upgrades-cedar-realty-trust-inc-nysecdr-to-buy-updated-updated.html.

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).

Analyst Recommendations for Cedar Realty Trust (NYSE:CDR)

What are top analysts saying about Cedar Realty Trust Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Cedar Realty Trust Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit