Cedar Realty Trust, Inc. (NYSE:CDR)‘s stock had its “hold” rating reissued by research analysts at KeyCorp in a report issued on Friday. KeyCorp also issued estimates for Cedar Realty Trust’s FY2017 earnings at $0.45 EPS and FY2018 earnings at $0.57 EPS.
Several other equities research analysts have also recently weighed in on CDR. Zacks Investment Research cut shares of Cedar Realty Trust from a “buy” rating to a “hold” rating in a research note on Monday, July 10th. FBR & Co reiterated an “outperform” rating and issued a $5.75 target price on shares of Cedar Realty Trust in a research note on Tuesday, July 11th. BidaskClub upgraded shares of Cedar Realty Trust from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Boenning Scattergood set a $5.00 target price on shares of Cedar Realty Trust and gave the company a “sell” rating in a research note on Monday, August 7th. Finally, ValuEngine upgraded shares of Cedar Realty Trust from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $6.15.
Shares of Cedar Realty Trust (NYSE CDR) traded down $0.03 during trading on Friday, hitting $5.75. 822,395 shares of the company were exchanged, compared to its average volume of 501,419. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.61. Cedar Realty Trust has a fifty-two week low of $4.70 and a fifty-two week high of $6.79. The firm has a market capitalization of $525.07, a price-to-earnings ratio of 10.27 and a beta of 0.93.
Cedar Realty Trust (NYSE:CDR) last released its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.14 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.01. Cedar Realty Trust had a net margin of 11.42% and a return on equity of 4.26%. The business had revenue of $36.40 million during the quarter, compared to analysts’ expectations of $35.31 million. During the same quarter last year, the company earned $0.15 earnings per share. The firm’s revenue was down 3.7% on a year-over-year basis. equities analysts anticipate that Cedar Realty Trust will post 0.52 earnings per share for the current fiscal year.
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Institutional investors and hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. lifted its stake in Cedar Realty Trust by 9.7% during the second quarter. JPMorgan Chase & Co. now owns 729,269 shares of the real estate investment trust’s stock worth $3,537,000 after purchasing an additional 64,425 shares during the period. Brandywine Global Investment Management LLC bought a new position in Cedar Realty Trust during the second quarter worth about $3,684,000. Morgan Stanley lifted its stake in Cedar Realty Trust by 107.9% during the first quarter. Morgan Stanley now owns 563,460 shares of the real estate investment trust’s stock worth $2,829,000 after purchasing an additional 292,433 shares during the period. Systematic Financial Management LP bought a new position in Cedar Realty Trust during the second quarter worth about $1,462,000. Finally, Goldman Sachs Group Inc. lifted its stake in Cedar Realty Trust by 60.4% during the second quarter. Goldman Sachs Group Inc. now owns 501,289 shares of the real estate investment trust’s stock worth $2,431,000 after purchasing an additional 188,689 shares during the period. Hedge funds and other institutional investors own 92.23% 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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