ValuEngine Upgrades Cedar Realty Trust (CDR) to “Hold”

Cedar Realty Trust (NYSE:CDR) was upgraded by stock analysts at ValuEngine from a “sell” rating to a “hold” rating in a research note issued on Thursday.

A number of other brokerages have also recently commented on CDR. Zacks Investment Research upgraded shares of Cedar Realty Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, August 8th. B. Riley reiterated a “buy” rating on shares of Cedar Realty Trust in a research report on Tuesday, November 13th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. Cedar Realty Trust has an average rating of “Hold” and a consensus target price of $5.38.

NYSE:CDR traded up $0.18 during trading hours on Thursday, reaching $3.62. 510,900 shares of the company were exchanged, compared to its average volume of 451,903. The company has a debt-to-equity ratio of 1.52, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a market capitalization of $313.76 million, a PE ratio of 6.58 and a beta of 0.89. Cedar Realty Trust has a twelve month low of $3.34 and a twelve month high of $6.20.



Cedar Realty Trust (NYSE:CDR) last posted its quarterly earnings data on Thursday, November 1st. The real estate investment trust reported $0.04 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.10. The company had revenue of $36.17 million during the quarter, compared to analysts’ expectations of $36.41 million. Cedar Realty Trust had a net margin of 3.16% and a return on equity of 1.17%. Research analysts forecast that Cedar Realty Trust will post 0.57 earnings per share for the current year.

In other Cedar Realty Trust news, insider Bruce J. Schanzer bought 10,840 shares of Cedar Realty Trust stock in a transaction dated Tuesday, November 27th. The stock was acquired at an average cost of $3.40 per share, for a total transaction of $36,856.00. Following the completion of the transaction, the insider now directly owns 2,111,393 shares of the company’s stock, valued at $7,178,736.20. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 4.41% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Municipal Employees Retirement System of Michigan grew its holdings in shares of Cedar Realty Trust by 40.5% in the second quarter. Municipal Employees Retirement System of Michigan now owns 43,710 shares of the real estate investment trust’s stock valued at $207,000 after purchasing an additional 12,600 shares during the period. Aperio Group LLC grew its holdings in shares of Cedar Realty Trust by 71.4% in the second quarter. Aperio Group LLC now owns 156,772 shares of the real estate investment trust’s stock valued at $740,000 after purchasing an additional 65,296 shares during the period. Victory Capital Management Inc. grew its holdings in shares of Cedar Realty Trust by 7.1% in the second quarter. Victory Capital Management Inc. now owns 350,700 shares of the real estate investment trust’s stock valued at $1,656,000 after purchasing an additional 23,206 shares during the period. SG Americas Securities LLC grew its holdings in shares of Cedar Realty Trust by 395.5% in the second quarter. SG Americas Securities LLC now owns 74,070 shares of the real estate investment trust’s stock valued at $350,000 after purchasing an additional 59,121 shares during the period. Finally, LSV Asset Management grew its holdings in shares of Cedar Realty Trust by 8.9% in the second quarter. LSV Asset Management now owns 2,062,257 shares of the real estate investment trust’s stock valued at $9,733,000 after purchasing an additional 169,300 shares during the period. Institutional investors and hedge funds own 91.83% of the company’s stock.

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.

Further Reading: Understanding Compound Annual Growth Rate (CAGR)

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