News stories about Cedar Realty Trust (NYSE:CDR) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Cedar Realty Trust earned a daily sentiment score of 0.11 on Accern’s scale. Accern also assigned news stories about the real estate investment trust an impact score of 47.2905146804207 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Cedar Realty Trust traded up $0.19, reaching $4.38, during midday trading on Friday, MarketBeat reports. 606,412 shares of the company were exchanged, compared to its average volume of 397,168. The stock has a market cap of $371.25 million, a PE ratio of 7.96 and a beta of 0.89. Cedar Realty Trust has a 1 year low of $3.54 and a 1 year high of $6.29. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.57.
Cedar Realty Trust (NYSE:CDR) last posted its quarterly earnings data on Thursday, May 3rd. The real estate investment trust reported ($0.26) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.29). Cedar Realty Trust had a negative return on equity of 2.28% and a negative net margin of 6.34%. The company had revenue of $37.57 million for the quarter, compared to analysts’ expectations of $36.83 million. equities analysts predict that Cedar Realty Trust will post 0.58 EPS for the current year.
Several research firms recently commented on CDR. Boenning Scattergood reaffirmed a “sell” rating on shares of Cedar Realty Trust in a research note on Monday, February 12th. Zacks Investment Research cut Cedar Realty Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, February 14th. TheStreet cut Cedar Realty Trust from a “c” rating to a “d+” rating in a research report on Thursday, February 8th. ValuEngine cut Cedar Realty Trust from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, Robert W. Baird dropped their price objective on Cedar Realty Trust from $7.00 to $6.00 and set an “outperform” rating for the company in a research report on Monday, February 12th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $5.55.
Cedar Realty Trust Company Profile
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 59 properties, with approximately 8.7 million square feet of gross leasable area.
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