Cedar Realty Trust (CDR) Earning Somewhat Favorable Media Coverage, Study Shows
News articles about Cedar Realty Trust (NYSE:CDR) have trended somewhat positive on Saturday, according to Accern. The research group identifies negative and positive press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Cedar Realty Trust earned a news sentiment score of 0.05 on Accern’s scale. Accern also gave news coverage about the real estate investment trust an impact score of 46.6354731760777 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
CDR has been the subject of several analyst reports. Zacks Investment Research downgraded shares of Cedar Realty Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, November 29th. Boenning Scattergood reaffirmed a “sell” rating and issued a $4.50 target price on shares of Cedar Realty Trust in a research report on Monday, November 6th. ValuEngine raised shares of Cedar Realty Trust from a “hold” rating to a “buy” rating in a research report on Friday, December 15th. Finally, B. Riley cut their target price on shares of Cedar Realty Trust from $6.50 to $5.50 and set a “buy” rating for the company in a research report on Monday, February 12th. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. Cedar Realty Trust presently has an average rating of “Hold” and a consensus target price of $5.75.
Cedar Realty Trust (NYSE CDR) traded down $0.05 during trading hours on Friday, reaching $3.99. 397,669 shares of the company’s stock were exchanged, compared to its average volume of 603,986. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.00 and a current ratio of 1.00. Cedar Realty Trust has a fifty-two week low of $3.89 and a fifty-two week high of $6.29. The company has a market cap of $371.27, a P/E ratio of -133.00 and a beta of 0.94.
The business also recently announced a quarterly dividend, which was paid on Tuesday, February 20th. Shareholders of record on Monday, February 12th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 5.01%. The ex-dividend date of this dividend was Friday, February 9th. Cedar Realty Trust’s dividend payout ratio (DPR) is presently -666.67%.
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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