Cedar Realty Trust (CDR) PT Lowered to $5.50 at B. Riley

Cedar Realty Trust (NYSE:CDR) had its target price reduced by B. Riley from $6.50 to $5.50 in a research note released on Monday, MarketBeat.com reports. They currently have a buy rating on the real estate investment trust’s stock. B. Riley also issued estimates for Cedar Realty Trust’s Q1 2018 earnings at $0.13 EPS, Q2 2018 earnings at $0.14 EPS, Q3 2018 earnings at $0.14 EPS, Q4 2018 earnings at $0.14 EPS, FY2018 earnings at $0.54 EPS, Q1 2019 earnings at $0.14 EPS, Q2 2019 earnings at $0.15 EPS, Q3 2019 earnings at $0.15 EPS, Q4 2019 earnings at $0.14 EPS and FY2019 earnings at $0.58 EPS.

CDR has been the subject of several other research reports. Zacks Investment Research lowered Cedar Realty Trust from a buy rating to a hold rating in a research note on Wednesday, November 29th. Boenning Scattergood restated a sell rating and issued a $4.50 price target on shares of Cedar Realty Trust in a research note on Monday, November 6th. ValuEngine upgraded Cedar Realty Trust from a hold rating to a buy rating in a research note on Friday, December 15th. Finally, KeyCorp restated a hold rating on shares of Cedar Realty Trust in a research note on Friday, November 3rd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $5.75.

Cedar Realty Trust (NYSE:CDR) opened at $4.04 on Monday. The company has a quick ratio of 0.72, a current ratio of 1.00 and a debt-to-equity ratio of 1.37. Cedar Realty Trust has a 52 week low of $4.01 and a 52 week high of $6.29. The firm has a market capitalization of $379.54, a PE ratio of 7.38 and a beta of 0.75.

Cedar Realty Trust (NYSE:CDR) last announced its quarterly earnings results on Thursday, February 8th. The real estate investment trust reported $0.03 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.11). Cedar Realty Trust had a net margin of 13.11% and a return on equity of 4.71%. The business had revenue of $37.14 million during the quarter, compared to analysts’ expectations of $37.06 million. During the same quarter in the prior year, the firm earned $0.14 EPS. Cedar Realty Trust’s revenue for the quarter was down .1% on a year-over-year basis. research analysts forecast that Cedar Realty Trust will post 0.55 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 20th. Shareholders of record on Monday, February 12th will be paid a dividend of $0.05 per share. The ex-dividend date is Friday, February 9th. This represents a $0.20 annualized dividend and a yield of 4.95%. Cedar Realty Trust’s dividend payout ratio (DPR) is currently -666.67%.

Large investors have recently bought and sold shares of the business. Crossmark Global Holdings Inc. purchased a new stake in Cedar Realty Trust during the 3rd quarter worth approximately $100,000. BlueCrest Capital Management Ltd purchased a new stake in Cedar Realty Trust during the 4th quarter worth approximately $102,000. Susquehanna International Group LLP purchased a new stake in Cedar Realty Trust during the 2nd quarter worth approximately $103,000. Verition Fund Management LLC increased its stake 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 worth $109,000 after buying an additional 9,097 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in Cedar Realty Trust during the 4th quarter worth approximately $118,000. Institutional investors own 95.05% of the company’s stock.

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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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