Cedar Realty Trust (NYSE:CDR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Tuesday.

According to Zacks, “Cedar Shopping Centers, Inc. is a fully-integrated real estate investment trust which focuses primarily on ownership, operation, development and redevelopment of bread and butter supermarket-anchored shopping centers in coastal mid-Atlantic and New England states. The Company owns and operates shopping center properties which are anchored by supermarkets and/or drugstores. “

A number of other research analysts also recently issued reports on CDR. B. Riley reissued a “buy” rating on shares of Cedar Realty Trust in a report on Wednesday, November 1st. KeyCorp reissued a “hold” rating on shares of Cedar Realty Trust in a report on Wednesday, October 4th. ValuEngine raised Cedar Realty Trust from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Raymond James Financial reissued a “hold” rating on shares of Cedar Realty Trust in a report on Thursday, December 14th. Finally, Boenning Scattergood reaffirmed a “sell” rating and set a $4.50 target price on shares of Cedar Realty Trust in a research note on Monday, November 6th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. Cedar Realty Trust has a consensus rating of “Hold” and an average price target of $6.06.

Shares of Cedar Realty Trust (CDR) traded down $0.25 during trading hours on Tuesday, reaching $5.72. The company’s stock had a trading volume of 419,717 shares, compared to its average volume of 450,417. Cedar Realty Trust has a one year low of $4.70 and a one year high of $6.39. The firm has a market capitalization of $522.33, a P/E ratio of -81.71 and a beta of 0.96. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.72 and a quick ratio of 0.72.

Cedar Realty Trust (NYSE:CDR) last announced its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.01. Cedar Realty Trust had a return on equity of 4.18% and a net margin of 11.42%. The company had revenue of $36.40 million during the quarter, compared to the consensus estimate of $35.31 million. During the same period in the previous year, the company posted $0.15 earnings per share. Cedar Realty Trust’s revenue for the quarter was down 3.7% on a year-over-year basis. equities research analysts anticipate that Cedar Realty Trust will post 0.55 EPS for the current year.

Several hedge funds have recently made changes to their positions in CDR. LSV Asset Management raised its stake in shares of Cedar Realty Trust by 1,820.0% during the 2nd quarter. LSV Asset Management now owns 1,009,900 shares of the real estate investment trust’s stock worth $4,898,000 after buying an additional 957,300 shares during the period. Brandywine Global Investment Management LLC acquired a new position in shares of Cedar Realty Trust during the 2nd quarter worth approximately $3,684,000. Deprince Race & Zollo Inc. raised its stake in shares of Cedar Realty Trust by 36.2% during the 3rd quarter. Deprince Race & Zollo Inc. now owns 2,495,693 shares of the real estate investment trust’s stock worth $14,026,000 after buying an additional 663,014 shares during the period. TIAA CREF Investment Management LLC raised its stake in shares of Cedar Realty Trust by 144.3% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 561,367 shares of the real estate investment trust’s stock worth $2,723,000 after buying an additional 331,619 shares during the period. Finally, Systematic Financial Management LP acquired a new position in shares of Cedar Realty Trust during the 2nd quarter worth approximately $1,462,000. 92.64% of the stock is owned by institutional investors and hedge funds.

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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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Analyst Recommendations for Cedar Realty Trust (NYSE:CDR)

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