Cedar Realty Trust (CDR) Earns Daily News Sentiment Rating of 0.30
Media headlines about Cedar Realty Trust (NYSE:CDR) have trended positive on Thursday, AlphaOne Sentiment Analysis reports. The research group, a subsidiary of Accern, scores the sentiment of media coverage by reviewing more than twenty million news and blog sources in real time. AlphaOne ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Cedar Realty Trust earned a media sentiment score of 0.30 on AlphaOne’s scale. AlphaOne also assigned media coverage about the real estate investment trust an impact score of 39 out of 100, meaning that recent media coverage is unlikely to have an effect on the company’s share price in the next several days.
These are some of the headlines that may have impacted Alpha One Sentiment Analysis’s scoring:
- Cedar Realty Trust : Declares Dividends On Common And Preferred Stock (4-traders.com)
- Cedar Realty Trust Declares Dividends On Common And Preferred Stock (finance.yahoo.com)
- The Independence Realty Trust Inc (IRT) Plans Monthly Dividend of $0.06 (giftedviz.com)
- NY Has $368000 Position in Cedar Realty Trust Inc (CDR) (footballhebdo.com)
- Cedar Realty Trust (CDR) Earns Daily Coverage Optimism Rating of 0.36 (americanbankingnews.com)
Several research analysts have recently issued reports on CDR shares. KeyCorp cut Cedar Realty Trust to an “overweight” rating in a research note on Wednesday, December 21st. Raymond James Financial, Inc. restated a “market perform” rating on shares of Cedar Realty Trust in a research note on Monday, January 9th. Zacks Investment Research cut Cedar Realty Trust from a “buy” rating to a “hold” rating in a research note on Monday, February 27th. TheStreet cut Cedar Realty Trust from a “c” rating to a “d+” rating in a research note on Thursday, February 23rd. Finally, Robert W. Baird upgraded Cedar Realty Trust from a “neutral” rating to an “outperform” rating and reduced their price objective for the stock from $8.00 to $6.00 in a research note on Monday, March 13th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. Cedar Realty Trust presently has an average rating of “Hold” and an average price target of $6.94.
Shares of Cedar Realty Trust (NYSE:CDR) traded up 0.19% on Thursday, hitting $5.26. The stock had a trading volume of 447,783 shares. The firm’s 50-day moving average price is $5.19 and its 200 day moving average price is $6.11. Cedar Realty Trust has a 52-week low of $4.86 and a 52-week high of $8.08. The firm’s market cap is $431.59 million.
Cedar Realty Trust (NYSE:CDR) last issued its earnings results on Thursday, February 23rd. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.13. The business earned $37.17 million during the quarter, compared to the consensus estimate of $36.43 million. Cedar Realty Trust had a return on equity of 3.26% and a net margin of 8.46%. The company’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.14 EPS. On average, equities research analysts predict that Cedar Realty Trust will post $0.10 EPS for the current year.
In other news, insider Bruce J. Schanzer acquired 5,000 shares of the company’s stock in a transaction that occurred on Thursday, March 2nd. The stock was purchased at an average cost of $5.52 per share, with a total value of $27,600.00. Following the purchase, the insider now directly owns 2,626,593 shares of the company’s stock, valued at approximately $14,498,793.36. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Bruce J. Schanzer acquired 14,000 shares of the company’s stock in a transaction that occurred on Friday, March 10th. The stock was purchased at an average cost of $4.99 per share, with a total value of $69,860.00. Following the completion of the purchase, the insider now directly owns 2,633,593 shares in the company, valued at $13,141,629.07. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 48,725 shares of company stock valued at $259,086. Company insiders own 4.42% 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).
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