Cedar Realty Trust (NYSE:CDR) Downgraded to “D+” at TheStreet

TheStreet cut shares of Cedar Realty Trust (NYSE:CDR) from a c- rating to a d+ rating in a research report sent to investors on Friday morning, TheStreetRatingsTable reports.

Separately, Zacks Investment Research upgraded Cedar Realty Trust from a hold rating to a buy rating and set a $3.25 target price for the company in a research note on Monday, January 27th.

Shares of CDR opened at $2.88 on Friday. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.78. The firm’s 50-day moving average is $2.82 and its two-hundred day moving average is $2.78. Cedar Realty Trust has a twelve month low of $2.19 and a twelve month high of $3.70. The firm has a market capitalization of $251.03 million, a P/E ratio of -23.96 and a beta of 0.97.

Cedar Realty Trust (NYSE:CDR) last issued its earnings results on Thursday, February 6th. The real estate investment trust reported ($0.15) earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.26). The company had revenue of $35.63 million for the quarter, compared to analyst estimates of $36.10 million. Cedar Realty Trust had a return on equity of 0.29% and a net margin of 0.75%. Analysts predict that Cedar Realty Trust will post 0.5 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Monday, February 10th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 6.96%. The ex-dividend date is Friday, February 7th. Cedar Realty Trust’s payout ratio is presently 44.44%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC lifted its stake in Cedar Realty Trust by 36.6% in the fourth quarter. Nisa Investment Advisors LLC now owns 15,475 shares of the real estate investment trust’s stock valued at $46,000 after acquiring an additional 4,143 shares during the last quarter. Dupont Capital Management Corp increased its stake in shares of Cedar Realty Trust by 2.9% during the third quarter. Dupont Capital Management Corp now owns 211,689 shares of the real estate investment trust’s stock worth $635,000 after acquiring an additional 5,922 shares during the period. Swiss National Bank increased its stake in shares of Cedar Realty Trust by 3.9% during the fourth quarter. Swiss National Bank now owns 170,500 shares of the real estate investment trust’s stock worth $503,000 after acquiring an additional 6,400 shares during the period. SG Americas Securities LLC increased its stake in shares of Cedar Realty Trust by 51.6% during the fourth quarter. SG Americas Securities LLC now owns 21,043 shares of the real estate investment trust’s stock worth $62,000 after acquiring an additional 7,158 shares during the period. Finally, State of Alaska Department of Revenue increased its stake in shares of Cedar Realty Trust by 16.9% during the third quarter. State of Alaska Department of Revenue now owns 73,121 shares of the real estate investment trust’s stock worth $219,000 after acquiring an additional 10,558 shares during the period. Institutional investors own 87.81% of the company’s stock.

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 58 properties, with approximately 8.7 million square feet of gross leasable area.

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