Cedar Realty Trust Inc (NYSE:CDR) has been downgraded to Sell in a statement by Zacks Investment Research earlier today.
- Updated: October 5, 2016
Having a price of $6.76, Cedar Realty Trust Inc (NYSE:CDR) traded -3.01% lower on the day. With the last close down -7.13% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Cedar Realty Trust Inc has recorded a 50-day average of $7.40 and a two hundred day average of $7.28. Volume of trade was down over the average, with 391,792 shares of CDR changing hands under the typical 402,340
Zacks Investment Research has downgraded Cedar Realty Trust Inc (NYSE:CDR) to Sell in a statement released on Wednesday October 05, 2016.
On 8/08/2016, Wunderlich Securities released a statement on Cedar Realty Trust Inc (NYSE:CDR) upped the target price from $8.00 to $8.50 that suggested an upside of 0.12%.
With a total market value of $0, Cedar Realty Trust Inc has price-earnings ratio of 120.71 with a one year low of $6.47 and a one year high of $8.08 .
A total of 4 analysts have released a research note on Cedar Realty Trust Inc. zero analysts rating the company a strong buy, three analysts rating the company a buy, three analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $7.88.
More About Cedar Realty Trust Inc (NYSE:CDR)
Cedar Realty Trust, Inc. is a real estate investment trust. The Company focuses on ownership and operation of grocery-anchored shopping centers straddling the Washington District of Columbia (DC) to Boston corridor. The Company focuses its investment activities on grocery-anchored shopping centers. It owns and manages a portfolio of approximately 60 operating properties, including approximately 30 properties in Pennsylvania; over eight properties in Massachusetts; approximately seven properties in Connecticut; over six properties in Maryland; approximately eight properties in Virginia; over three properties in New Jersey, and one property in New York. Its operating properties total approximately 9.5 million square feet of gross leasable area (GLA). The Company conducts its businesses through the Cedar Realty Trust Partnership L.P. (the Operating Partnership). Its properties include Academy Plaza, Big Y Shopping Center, Fairview Commons and Kings Plaza, among others.
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