Zacks Investment Research lowered shares of Cedar Realty Trust (NYSE:CDR) from a hold rating to a sell rating in a report issued on Tuesday morning, Zacks.com reports.

According to Zacks, “Cedar Realty Trust, Inc. is a real estate investment trust which owns a portfolio of predominantly grocery-anchored shopping centers in high-density urban markets from D.C. to Boston. Cedar Realty Trust Inc, formerly known as Cedar Shopn Ctr, is based in Port Washington, NY. “

Other analysts have also issued reports about the stock. Compass Point started coverage on shares of Cedar Realty Trust in a research note on Thursday, August 15th. They issued a sell rating and a $2.00 price target for the company. ValuEngine raised shares of Cedar Realty Trust from a sell rating to a hold rating in a research note on Tuesday, August 6th.

Shares of NYSE:CDR traded up $0.06 during trading on Tuesday, reaching $2.83. The company had a trading volume of 144,873 shares, compared to its average volume of 252,023. The firm’s fifty day moving average is $3.13 and its 200 day moving average is $2.80. The firm has a market capitalization of $243.91 million, a PE ratio of 4.88 and a beta of 0.91. Cedar Realty Trust has a twelve month low of $2.19 and a twelve month high of $3.76. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.49 and a current ratio of 0.49.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Friday, November 8th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 7.07%. The ex-dividend date is Thursday, November 7th. Cedar Realty Trust’s dividend payout ratio is currently 34.48%.

In other news, CFO Philip Mays sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $3.01, for a total value of $75,250.00. Following the completion of the sale, the chief financial officer now directly owns 609,024 shares of the company’s stock, valued at approximately $1,833,162.24. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 4.51% of the company’s stock.

Several large investors have recently modified their holdings of the company. Nuveen Asset Management LLC bought a new stake in shares of Cedar Realty Trust in the 2nd quarter worth approximately $4,505,000. LSV Asset Management raised its holdings in shares of Cedar Realty Trust by 26.6% in the 2nd quarter. LSV Asset Management now owns 2,636,497 shares of the real estate investment trust’s stock worth $6,986,000 after purchasing an additional 554,740 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Cedar Realty Trust by 5.9% in the 2nd quarter. Vanguard Group Inc. now owns 9,587,635 shares of the real estate investment trust’s stock worth $25,407,000 after purchasing an additional 534,618 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Cedar Realty Trust by 3.6% in the 2nd quarter. BlackRock Inc. now owns 13,762,239 shares of the real estate investment trust’s stock worth $36,469,000 after purchasing an additional 476,363 shares in the last quarter. Finally, Renaissance Technologies LLC raised its holdings in shares of Cedar Realty Trust by 24.1% in the 2nd quarter. Renaissance Technologies LLC now owns 2,213,941 shares of the real estate investment trust’s stock worth $5,867,000 after purchasing an additional 429,525 shares in the last quarter. 89.42% of the stock is owned by institutional investors.

About Cedar Realty Trust

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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