Shares of Cedar Realty Trust Inc (NYSE:CDR) have received an average recommendation of “Hold” from the six brokerages that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $5.00.

A number of research analysts have recently issued reports on CDR shares. Zacks Investment Research downgraded Cedar Realty Trust from a “hold” rating to a “sell” rating in a research note on Monday, November 26th. ValuEngine raised Cedar Realty Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, October 30th. Finally, B. Riley reissued a “buy” rating on shares of Cedar Realty Trust in a research note on Tuesday, November 13th.

Shares of CDR opened at $3.23 on Friday. The stock has a market cap of $293.69 million, a price-to-earnings ratio of 5.87 and a beta of 0.92. Cedar Realty Trust has a 12 month low of $2.73 and a 12 month high of $5.55. The company has a debt-to-equity ratio of 1.52, a quick ratio of 1.02 and a current ratio of 1.02.

Cedar Realty Trust (NYSE:CDR) last announced its earnings results on Thursday, November 1st. The real estate investment trust reported $0.04 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.10. The firm had revenue of $36.17 million for the quarter, compared to the consensus estimate of $36.41 million. Cedar Realty Trust had a return on equity of 1.17% and a net margin of 3.16%. On average, equities research analysts forecast that Cedar Realty Trust will post 0.58 EPS for the current year.

In other Cedar Realty Trust news, Director Abraham Eisenstat acquired 100,000 shares of the company’s stock in a transaction dated Thursday, December 20th. The shares were bought at an average cost of $2.87 per share, with a total value of $287,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Bruce J. Schanzer acquired 10,840 shares of the company’s stock in a transaction dated Tuesday, November 27th. The stock was acquired at an average cost of $3.40 per share, for a total transaction of $36,856.00. Following the completion of the purchase, the insider now directly owns 2,111,393 shares in the company, valued at $7,178,736.20. The disclosure for this purchase can be found here. 4.41% of the stock is owned by insiders.

Large investors have recently made changes to their positions in the company. Sterling Capital Management LLC bought a new stake in Cedar Realty Trust in the 2nd quarter valued at about $159,000. State of Alaska Department of Revenue increased its holdings in Cedar Realty Trust by 7.8% during the 4th quarter. State of Alaska Department of Revenue now owns 58,291 shares of the real estate investment trust’s stock worth $181,000 after purchasing an additional 4,194 shares in the last quarter. Metropolitan Life Insurance Co. NY increased its holdings in Cedar Realty Trust by 44.9% during the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 42,310 shares of the real estate investment trust’s stock worth $200,000 after purchasing an additional 13,120 shares in the last quarter. Public Employees Retirement Association of Colorado increased its holdings in Cedar Realty Trust by 90.9% during the 3rd quarter. Public Employees Retirement Association of Colorado now owns 63,539 shares of the real estate investment trust’s stock worth $296,000 after purchasing an additional 30,249 shares in the last quarter. Finally, MetLife Investment Advisors LLC increased its holdings in Cedar Realty Trust by 82.9% during the 3rd quarter. MetLife Investment Advisors LLC now owns 69,429 shares of the real estate investment trust’s stock worth $324,000 after purchasing an additional 31,475 shares in the last quarter. 91.78% of the stock is currently owned by institutional investors.

Cedar Realty Trust Company Profile

Cedar Realty Trust, Inc is a fully-integrated real estate investment trust which focuses on the ownership, operation and redevelopment of grocery-anchored shopping centers in high-density urban markets from Washington, DC to Boston. The Company's portfolio (excluding properties treated as "held for sale") comprises 58 properties, with approximately 8.7 million square feet of gross leasable area.

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