Shares of Cedar Realty Trust Inc (NYSE:CDR) have received an average rating of “Hold” from the ten brokerages that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $6.06.

CDR has been the subject of several research reports. B. Riley reiterated a “buy” rating on shares of Cedar Realty Trust in a research report on Wednesday, November 1st. KeyCorp reiterated a “hold” rating on shares of Cedar Realty Trust in a research report on Friday, November 3rd. ValuEngine upgraded Cedar Realty Trust from a “hold” rating to a “buy” rating in a research report on Friday, December 15th. Raymond James Financial reiterated a “hold” rating on shares of Cedar Realty Trust in a research report on Thursday, December 14th. Finally, Zacks Investment Research upgraded Cedar Realty Trust from a “hold” rating to a “buy” rating and set a $6.50 target price for the company in a research report on Tuesday, November 7th.

A number of large investors have recently added to or reduced their stakes in CDR. Crossmark Global Holdings Inc. acquired a new position in Cedar Realty Trust during the 3rd quarter valued at approximately $100,000. Susquehanna International Group LLP acquired a new position in Cedar Realty Trust during the 2nd quarter valued at approximately $103,000. Verition Fund Management LLC boosted its position in Cedar Realty Trust by 68.3% during the 2nd quarter. Verition Fund Management LLC now owns 22,421 shares of the real estate investment trust’s stock valued at $109,000 after purchasing an additional 9,097 shares during the period. SG Americas Securities LLC boosted its position in Cedar Realty Trust by 93.6% during the 3rd quarter. SG Americas Securities LLC now owns 24,776 shares of the real estate investment trust’s stock valued at $139,000 after purchasing an additional 11,981 shares during the period. Finally, Arizona State Retirement System boosted its position in Cedar Realty Trust by 0.3% during the 2nd quarter. Arizona State Retirement System now owns 39,683 shares of the real estate investment trust’s stock valued at $192,000 after purchasing an additional 100 shares during the period. Institutional investors and hedge funds own 92.64% of the company’s stock.

Shares of Cedar Realty Trust (NYSE CDR) traded up $0.03 on Monday, hitting $5.96. The stock had a trading volume of 304,041 shares, compared to its average volume of 891,020. The firm has a market cap of $544.25, a price-to-earnings ratio of -85.14 and a beta of 0.96. 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 has a one year low of $4.70 and a one year high of $6.68.

Cedar Realty Trust (NYSE:CDR) last issued its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.14 EPS for the quarter, topping the consensus estimate of $0.13 by $0.01. The company had revenue of $36.40 million during the quarter, compared to analyst estimates of $35.31 million. Cedar Realty Trust had a return on equity of 4.18% and a net margin of 11.42%. The business’s revenue was down 3.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.15 EPS. sell-side analysts forecast that Cedar Realty Trust will post 0.55 EPS for the current year.

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About Cedar Realty Trust

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)

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