Cedar Realty Trust (NYSE:CDR) had its target price cut by B. Riley from $6.50 to $5.50 in a research note released on Monday morning, Marketbeat Ratings reports. They currently have a buy rating on the real estate investment trust’s stock.

Several other research analysts have also recently weighed in on CDR. TheStreet cut shares of Cedar Realty Trust from a c rating to a d+ rating in a research report on Thursday, February 8th. Zacks Investment Research lowered shares of Cedar Realty Trust from a buy rating to a hold rating in a report on Tuesday, January 9th. ValuEngine lowered shares of Cedar Realty Trust from a buy rating to a hold rating in a report on Friday, February 2nd. Boenning Scattergood restated a sell rating and issued a $4.50 price objective on shares of Cedar Realty Trust in a report on Monday, November 6th. Finally, Raymond James Financial restated a hold rating on shares of Cedar Realty Trust in a report on Thursday, December 14th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. Cedar Realty Trust presently has a consensus rating of Hold and an average target price of $5.75.

Cedar Realty Trust (CDR) opened at $4.27 on Monday. The company has a current ratio of 1.00, a quick ratio of 0.72 and a debt-to-equity ratio of 1.37. The firm has a market cap of $411.84, a PE ratio of 8.05 and a beta of 0.75. Cedar Realty Trust has a 1 year low of $4.20 and a 1 year high of $6.34.

Cedar Realty Trust (NYSE:CDR) last announced its quarterly earnings results on Thursday, February 8th. The real estate investment trust reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.11). The firm had revenue of $37.14 million for the quarter, compared to analyst estimates of $37.06 million. Cedar Realty Trust had a net margin of 13.11% and a return on equity of 4.71%. The company’s revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.14 EPS. analysts expect that Cedar Realty Trust will post 0.54 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 20th. Investors of record on Monday, February 12th will be issued a $0.05 dividend. The ex-dividend date is Friday, February 9th. This represents a $0.20 annualized dividend and a yield of 4.68%. Cedar Realty Trust’s dividend payout ratio (DPR) is currently -666.67%.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Deprince Race & Zollo Inc. increased its stake in Cedar Realty Trust by 33.5% during the fourth quarter. Deprince Race & Zollo Inc. now owns 3,331,200 shares of the real estate investment trust’s stock worth $20,254,000 after purchasing an additional 835,507 shares during the period. TIAA CREF Investment Management LLC increased its stake in Cedar Realty Trust by 144.3% during the second quarter. TIAA CREF Investment Management LLC now owns 561,367 shares of the real estate investment trust’s stock worth $2,723,000 after purchasing an additional 331,619 shares during the period. LSV Asset Management increased its stake in Cedar Realty Trust by 17.3% during the fourth quarter. LSV Asset Management now owns 1,623,292 shares of the real estate investment trust’s stock worth $9,869,000 after purchasing an additional 239,400 shares during the period. Schwab Charles Investment Management Inc. increased its stake in Cedar Realty Trust by 29.0% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,046,022 shares of the real estate investment trust’s stock worth $6,360,000 after purchasing an additional 234,876 shares during the period. Finally, Goldman Sachs Group Inc. increased 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 95.05% 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).

Analyst Recommendations for Cedar Realty Trust (NYSE:CDR)

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