Zacks Investment Research cut shares of Cedar Realty Trust (NYSE:CDR) from a buy rating to a hold rating in a research report released on Tuesday.

According to Zacks, “Cedar Shopping Centers, Inc. is a fully-integrated real estate investment trust which focuses primarily on ownership, operation, development and redevelopment of bread and butter supermarket-anchored shopping centers in coastal mid-Atlantic and New England states. The Company owns and operates shopping center properties which are anchored by supermarkets and/or drugstores. “

A number of other analysts also recently issued reports on CDR. B. Riley restated a buy rating on shares of Cedar Realty Trust in a report on Wednesday, November 1st. KeyCorp restated a hold rating on shares of Cedar Realty Trust in a report on Wednesday, October 4th. ValuEngine upgraded shares of Cedar Realty Trust from a hold rating to a buy rating in a report on Monday, October 2nd. Raymond James Financial restated a hold rating on shares of Cedar Realty Trust in a report on Thursday, December 14th. Finally, Boenning Scattergood restated a sell rating and set a $4.50 price objective on shares of Cedar Realty Trust in a report on Monday, November 6th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. The stock has an average rating of Hold and an average target price of $6.06.

Shares of Cedar Realty Trust (NYSE CDR) opened at $5.96 on Tuesday. Cedar Realty Trust has a 1-year low of $4.70 and a 1-year high of $6.68. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.49. The stock has a market cap of $553.38, a PE ratio of -85.14 and a beta of 0.96.

Cedar Realty Trust (NYSE:CDR) last posted its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.01. Cedar Realty Trust had a net margin of 11.42% and a return on equity of 4.18%. The business had revenue of $36.40 million during the quarter, compared to the consensus estimate of $35.31 million. During the same quarter last year, the company posted $0.15 earnings per share. The firm’s quarterly revenue was down 3.7% compared to the same quarter last year. analysts forecast that Cedar Realty Trust will post 0.55 EPS for the current fiscal year.

Large investors have recently modified their holdings of the business. Crossmark Global Holdings Inc. bought a new position in Cedar Realty Trust during the third quarter worth about $100,000. Susquehanna International Group LLP bought a new position in Cedar Realty Trust during the second quarter worth about $103,000. Verition Fund Management LLC boosted its position in Cedar Realty Trust by 68.3% during the second 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 during the period. SG Americas Securities LLC boosted its position in Cedar Realty Trust by 93.6% during the third 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 during the period. Finally, Quantitative Systematic Strategies LLC bought a new position in Cedar Realty Trust during the third quarter worth about $193,000. Hedge funds and other institutional investors own 92.64% of the company’s stock.

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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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Analyst Recommendations for Cedar Realty Trust (NYSE:CDR)

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