Cedar Realty Trust (CDR) Earning Positive Media Coverage, Report Finds
News headlines about Cedar Realty Trust (NYSE:CDR) have been trending positive recently, according to Accern. The research firm identifies positive and negative press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Cedar Realty Trust earned a coverage optimism score of 0.41 on Accern’s scale. Accern also gave press coverage about the real estate investment trust an impact score of 50 out of 100, meaning that recent press coverage is somewhat likely to have an effect on the company’s share price in the next several days.
Here are some of the media headlines that may have impacted Accern’s analysis:
- BRIEF-Cedar Realty Trust announces partial redemption of 7.25% series B preferred stock (feeds.reuters.com)
- Cedar Realty Trust, Inc. breached its 50 day moving average in a Bullish Manner : CDR-US : July 14, 2017 (finance.yahoo.com)
- Cedar Realty Trust (NYSE:CDR) Earns Media Impact Rating of 0.38 (eleganthomesinla.com)
- FBR & Co Comments on Cedar Realty Trust, Inc.’s Q2 2017 Earnings (CDR) (americanbankingnews.com)
- Cedar Realty Trust, Inc. (NYSE:CDR) Downgraded by Zacks Investment Research (americanbankingnews.com)
Several analysts recently weighed in on CDR shares. Zacks Investment Research upgraded shares of Cedar Realty Trust from a “sell” rating to a “hold” rating in a report on Wednesday, March 22nd. FBR & Co reiterated an “outperform” rating and issued a $5.75 target price on shares of Cedar Realty Trust in a report on Tuesday, July 11th. ValuEngine downgraded shares of Cedar Realty Trust from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, TheStreet upgraded shares of Cedar Realty Trust from a “d+” rating to a “c” rating in a report on Friday, May 5th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $6.31.
Cedar Realty Trust (NYSE:CDR) opened at 5.20 on Monday. The stock has a market cap of $427.35 million, a PE ratio of 113.04 and a beta of 0.89. Cedar Realty Trust has a 12 month low of $4.70 and a 12 month high of $8.08. The firm has a 50-day moving average of $5.06 and a 200 day moving average of $5.57.
Cedar Realty Trust (NYSE:CDR) last issued its quarterly earnings results on Thursday, May 4th. The real estate investment trust reported $0.14 EPS for the quarter, topping the consensus estimate of $0.13 by $0.01. Cedar Realty Trust had a net margin of 12.74% and a return on equity of 4.88%. The firm had revenue of $36.77 million during the quarter, compared to analyst estimates of $36.37 million. During the same quarter in the prior year, the business posted $0.14 earnings per share. Cedar Realty Trust’s revenue for the quarter was down 3.9% compared to the same quarter last year. Analysts anticipate that Cedar Realty Trust will post $0.10 EPS for the current year.
In related news, Director Paul G. Kirk, Jr. sold 9,759 shares of the company’s stock in a transaction that occurred on Wednesday, June 21st. The shares were sold at an average price of $4.88, for a total transaction of $47,623.92. Following the completion of the transaction, the director now owns 75,874 shares of the company’s stock, valued at $370,265.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 4.50% of the company’s stock.
About Cedar Realty Trust
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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