ValuEngine Downgrades Cedar Realty Trust (CDR) to Sell

Cedar Realty Trust (NYSE:CDR) was downgraded by equities research analysts at ValuEngine from a “hold” rating to a “sell” rating in a report released on Wednesday, May 1st, ValuEngine reports.

Separately, Zacks Investment Research raised Cedar Realty Trust from a “sell” rating to a “hold” rating in a report on Tuesday, April 30th.

NYSE:CDR opened at $3.05 on Wednesday. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.58 and a quick ratio of 0.58. Cedar Realty Trust has a one year low of $2.73 and a one year high of $5.34. The stock has a market capitalization of $272.42 million, a P/E ratio of 5.26 and a beta of 0.98.

Cedar Realty Trust (NYSE:CDR) last issued its earnings results on Thursday, May 2nd. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.10. The firm had revenue of $36.88 million for the quarter, compared to analysts’ expectations of $36.57 million. Cedar Realty Trust had a net margin of 15.49% and a return on equity of 5.85%. On average, analysts predict that Cedar Realty Trust will post 0.45 EPS for the current year.

In related news, insider Bruce J. Schanzer sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $3.14, for a total transaction of $31,400.00. Following the transaction, the insider now owns 2,272,343 shares in the company, valued at $7,135,157.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 4.51% of the stock is owned by company insiders.

Institutional investors have recently bought and sold shares of the business. Versant Capital Management Inc grew its position in Cedar Realty Trust by 125.9% during the 1st quarter. Versant Capital Management Inc now owns 8,695 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 4,846 shares in the last quarter. Brinker Capital Inc. purchased a new position in Cedar Realty Trust during the 4th quarter worth approximately $34,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in Cedar Realty Trust by 58.4% during the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 17,635 shares of the real estate investment trust’s stock worth $55,000 after purchasing an additional 6,500 shares in the last quarter. BNP Paribas Arbitrage SA grew its position in Cedar Realty Trust by 180.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 17,892 shares of the real estate investment trust’s stock worth $61,000 after purchasing an additional 11,502 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan purchased a new position in Cedar Realty Trust during the 4th quarter worth approximately $79,000. Hedge funds and other institutional investors own 89.70% 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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