Cedar Realty Trust Inc (NYSE:CDR) has been upgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: October 17, 2016
Zacks Investment Research has upgraded Cedar Realty Trust Inc (NYSE:CDR) to Hold in a statement released on 10/17/2016.
Boasting a price of $6.65, Cedar Realty Trust Inc (NYSE:CDR) traded -2.12% lower on the day. With the last stock price close down -4.62% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Cedar Realty Trust Inc has recorded a 50-day average of $7.27 and a two hundred day average of $7.27. Volume of trade was down over the average, with 348,107 shares of CDR changing hands under the typical 408,909
With a total market value of $0, Cedar Realty Trust Inc has price-earnings ratio of 123.75 with a one year low of $6.47 and a one year high of $8.08 .
A total of 4 equity analysts have released a research note on CDR. zero equity analysts rating the company a strong buy, three equity analysts rating the company a buy, three equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $7.88.
Brief Synopsis 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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