Cedar Realty Trust (NYSE:CDR)‘s stock had its “hold” rating reissued by research analysts at Raymond James Financial in a report released on Thursday.

A number of other analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of Cedar Realty Trust from a “buy” rating to a “hold” rating in a report on Wednesday, November 29th. Boenning Scattergood set a $5.00 target price on shares of Cedar Realty Trust and gave the stock a “sell” rating in a report on Tuesday, November 28th. B. Riley reaffirmed a “buy” rating on shares of Cedar Realty Trust in a research note on Wednesday, November 1st. KeyCorp reaffirmed a “hold” rating on shares of Cedar Realty Trust in a research note on Friday, November 3rd. Finally, ValuEngine raised shares of Cedar Realty Trust from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. One analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $5.94.

Shares of Cedar Realty Trust (CDR) opened at $6.04 on Thursday. The firm has a market cap of $552.47, a P/E ratio of 10.80 and a beta of 0.97. Cedar Realty Trust has a 1-year low of $4.70 and a 1-year high of $6.79. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.49.

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

A number of institutional investors have recently bought and sold shares of CDR. Geode Capital Management LLC boosted its stake in Cedar Realty Trust by 2.0% in the 1st quarter. Geode Capital Management LLC now owns 746,745 shares of the real estate investment trust’s stock worth $3,748,000 after purchasing an additional 14,840 shares during the period. Dimensional Fund Advisors LP boosted its stake in Cedar Realty Trust by 6.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,151,110 shares of the real estate investment trust’s stock worth $5,779,000 after purchasing an additional 65,925 shares during the period. Morgan Stanley boosted its stake in Cedar Realty Trust by 107.9% in the 1st quarter. Morgan Stanley now owns 563,460 shares of the real estate investment trust’s stock worth $2,829,000 after purchasing an additional 292,433 shares during the period. State Street Corp boosted its stake in Cedar Realty Trust by 6.6% in the 1st quarter. State Street Corp now owns 3,143,559 shares of the real estate investment trust’s stock worth $15,785,000 after purchasing an additional 193,877 shares during the period. Finally, Metropolitan Life Insurance Co. NY boosted its stake in shares of Cedar Realty Trust by 6.7% during the 1st quarter. Metropolitan Life Insurance Co. NY now owns 60,181 shares of the real estate investment trust’s stock valued at $302,000 after buying an additional 3,772 shares during the period. 92.67% of the stock is owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY NOTICE: “Cedar Realty Trust (CDR) Stock Rating Reaffirmed by Raymond James Financial” was published by Watch List News and is the sole property of of Watch List News. If you are accessing this piece on another publication, it was stolen and republished in violation of international copyright and trademark legislation. The correct version of this piece can be accessed at https://www.watchlistnews.com/cedar-realty-trust-cdr-stock-rating-reaffirmed-by-raymond-james-financial/1767384.html.

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).

Analyst Recommendations for Cedar Realty Trust (NYSE:CDR)

Receive News & Ratings for Cedar Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cedar Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.