Compass Point began coverage on shares of Cedar Realty Trust (NYSE:CDR) in a research note issued to investors on Thursday, BenzingaRatingsTable reports. The brokerage issued a sell rating and a $2.00 price target on the real estate investment trust’s stock.

A number of other research analysts also recently weighed in on the company. ValuEngine raised Cedar Realty Trust from a sell rating to a hold rating in a report on Tuesday, August 6th. Zacks Investment Research raised Cedar Realty Trust from a sell rating to a hold rating in a report on Wednesday, August 14th.

CDR stock opened at $2.35 on Thursday. Cedar Realty Trust has a fifty-two week low of $2.31 and a fifty-two week high of $4.74. The business’s 50-day moving average is $2.53 and its two-hundred day moving average is $3.03. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.50 and a current ratio of 0.50. The company has a market cap of $208.31 million, a price-to-earnings ratio of 4.05 and a beta of 0.88.

Cedar Realty Trust (NYSE:CDR) last posted its earnings results on Thursday, August 1st. The real estate investment trust reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.08). Cedar Realty Trust had a net margin of 13.08% and a return on equity of 4.86%. The firm had revenue of $35.66 million during the quarter, compared to the consensus estimate of $35.77 million. Equities analysts predict that Cedar Realty Trust will post 0.45 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 20th. Stockholders of record on Friday, August 9th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 8.51%. The ex-dividend date is Thursday, August 8th. Cedar Realty Trust’s dividend payout ratio (DPR) is currently 34.48%.

Several hedge funds and other institutional investors have recently bought and sold shares of CDR. Nuveen Asset Management LLC bought a new position in shares of Cedar Realty Trust in the second quarter worth about $4,505,000. LSV Asset Management raised its stake in shares of Cedar Realty Trust by 26.6% in the second quarter. LSV Asset Management now owns 2,636,497 shares of the real estate investment trust’s stock worth $6,986,000 after buying an additional 554,740 shares during the period. Vanguard Group Inc. raised its stake in shares of Cedar Realty Trust by 5.9% in the second quarter. Vanguard Group Inc. now owns 9,587,635 shares of the real estate investment trust’s stock worth $25,407,000 after buying an additional 534,618 shares during the period. BlackRock Inc. raised its stake in shares of Cedar Realty Trust by 3.6% in the second quarter. BlackRock Inc. now owns 13,762,239 shares of the real estate investment trust’s stock worth $36,469,000 after buying an additional 476,363 shares during the period. Finally, Millennium Management LLC raised its stake in shares of Cedar Realty Trust by 68.7% in the fourth quarter. Millennium Management LLC now owns 1,101,047 shares of the real estate investment trust’s stock worth $3,457,000 after buying an additional 448,250 shares during the period. 89.08% of the stock is currently owned by hedge funds and other institutional investors.

About Cedar Realty Trust

Cedar Realty Trust, Inc is a fully-integrated real estate investment trust which focuses on the ownership, operation and redevelopment of grocery-anchored shopping centers in high-density urban markets from Washington, DC to Boston. The Company's portfolio (excluding properties treated as "held for sale") comprises 58 properties, with approximately 8.7 million square feet of gross leasable area.

Featured Article: Operating Income

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.