Raymond James Downgrades Cedar Realty Trust to Market Perform
$CDR
Real Estate Investment Trusts
Real Estate
Raymond James analyst RJ Milligan downgrades Cedar Realty Trust (NYSE:CDR) from Outperform to Market Perform.
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/8/2022 | Outperform → Market Perform | Raymond James | |
| 8/17/2021 | $18.00 → $21.00 | Outperform | Raymond James |
TORONTO, May 30, 2024 /CNW/ - Mithaq Capital SPC ("Mithaq"), the largest shareholder of Aimia Inc. (TSX:AIM) ("Aimia"), today announced its slate of six directors for election to Aimia's board of directors (the "Board") at the annual meeting of shareholders to be held on June 26, 2024 (the "Meeting"). Mithaq is taking action because of its ongoing concerns with the strategic direction and corporate governance practices of Aimia's leadership, which continues to engage in entrenching, self-interested behaviour and the pursuit of a strategy that has caused significant destruction of shareholder value. Mithaq has ownership of, or control or direction over, a total of 26,893,588 common shares of
G2S2 requisitions special meeting of SOT unitholdersNominates four highly experienced and independent nomineesCalls for further changes of board composition by removing conflicted trustees, amending Declaration of Trust to right-size the number of SLAM's board nomination rights from two trustees to oneOutlines strategic plan to enhance capital allocation, align unitholder interests through improved board oversight and conduct an in-depth review of each property to determine its highest and best useCautions fellow unitholders that hastily announced "strategic review" by conflicted and entrenched existing trustees of the REIT is a transparent and self-interested delay tacticHALIFAX, NS, Oct. 2
VIRGINIA BEACH, VA / ACCESSWIRE / August 22, 2022 / Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) ("Wheeler" or the "Company") and Cedar Realty Trust, Inc. (NYSE:CDR) ("Cedar") jointly announced today that they have completed the previously announced merger pursuant to the terms of the Agreement and Plan of Merger, as amended, among the Company, WHLR Merger Sub Inc., WHLR OP Merger Sub LLC, Cedar and Cedar Realty Trust Partnership, L.P., the operating partnership of Cedar. Consummation of the merger represents the final step in Cedar's previously announced strategic process for the sale of Cedar and its assets through a series of related all-cash transactions.As a result of the me
4 - CEDAR REALTY TRUST, INC. (0000761648) (Issuer)
4/A - CEDAR REALTY TRUST, INC. (0000761648) (Issuer)
4/A - CEDAR REALTY TRUST, INC. (0000761648) (Issuer)
VIRGINIA BEACH, VA / ACCESSWIRE / August 22, 2022 / Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) ("Wheeler" or the "Company") and Cedar Realty Trust, Inc. (NYSE:CDR) ("Cedar") jointly announced today that they have completed the previously announced merger pursuant to the terms of the Agreement and Plan of Merger, as amended, among the Company, WHLR Merger Sub Inc., WHLR OP Merger Sub LLC, Cedar and Cedar Realty Trust Partnership, L.P., the operating partnership of Cedar. Consummation of the merger represents the final step in Cedar's previously announced strategic process for the sale of Cedar and its assets through a series of related all-cash transactions.As a result of the me
Cedar Board of Directors Declares Special Dividend of $19.52 Per Common Share; Merger Consideration Will Be $9.48 Per Common Share MASSAPEQUA, N.Y., Aug. 9, 2022 /PRNewswire/ -- Cedar Realty Trust (NYSE:CDR) ("Cedar") today announced that Cedar and Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) ("Wheeler") have jointly determined that the proceeds to Cedar common shareholders from the sale of Cedar's assets and subsequent merger in a series of related all-cash transactions will total $29.00 per share. Accordingly, Cedar's Board of Directors today declared a special dividend on shares of Cedar's outstanding common stock of $19.52 per share, payable to shareholders of record at the c
MASSAPEQUA, N.Y., Aug. 4, 2022 /PRNewswire/ -- Cedar Realty Trust, Inc. (NYSE:CDR, Company", ))) today reported results for the second quarter 2022. Net loss attributable to common shareholders was $(3.41) per diluted share. Other highlights include: Operating Highlights NAREIT-defined Funds From Operations (FFO) of a negative $(1.64) per diluted share for the quarterOperating FFO of $0.58 per diluted share for the quarterSame-property net operating income (NOI) decreased 3.5% for the quarterSigned 32 new and renewal leases for 178,600 square feet in the quarterComparable cash-basis lease spreads of 0.9% for the quarterBalance Sheet Highlights On May 16, 2022, the Company sold Riverview Pl
Raymond James downgraded Cedar Realty Trust from Outperform to Market Perform
Raymond James reiterated coverage of Cedar Realty Trust with a rating of Outperform and set a new price target of $21.00 from $18.00 previously
Raymond James resumed coverage of Cedar Realty Trust with a rating of Outperform
8-K - CEDAR REALTY TRUST, INC. (0000761648) (Filer)
8-K - CEDAR REALTY TRUST, INC. (0000761648) (Filer)
8-K - CEDAR REALTY TRUST, INC. (0000761648) (Filer)
SC 13G - CEDAR REALTY TRUST, INC. (0000761648) (Subject)
SC 13D/A - CEDAR REALTY TRUST, INC. (0000761648) (Subject)
SC 13D/A - CEDAR REALTY TRUST, INC. (0000761648) (Subject)
TORONTO, May 30, 2024 /CNW/ - Mithaq Capital SPC ("Mithaq"), the largest shareholder of Aimia Inc. (TSX:AIM) ("Aimia"), today announced its slate of six directors for election to Aimia's board of directors (the "Board") at the annual meeting of shareholders to be held on June 26, 2024 (the "Meeting"). Mithaq is taking action because of its ongoing concerns with the strategic direction and corporate governance practices of Aimia's leadership, which continues to engage in entrenching, self-interested behaviour and the pursuit of a strategy that has caused significant destruction of shareholder value. Mithaq has ownership of, or control or direction over, a total of 26,893,588 common shares of
RLJ Lodging Trust (the "Company") (NYSE:RLJ) today announced the appointment of Robin Zeigler, a real estate executive with over 25 years of experience in the industry, to the Company's Board of Trustees (the "Board"). Ms. Zeigler's appointment as a new independent member of the Board is effective immediately, and she will join the Board's Audit Committee and Nominating and Corporate Governance Committee. Ms. Zeigler will stand for election as a Board-recommended nominee at the 2022 Annual Meeting of Shareholders. "On behalf of the Trustees and the RLJ management team, we are thrilled to welcome Robin to our Board," commented Leslie D. Hale, President and Chief Executive Officer. "Robin ha
PORT WASHINGTON, N.Y., April 28, 2021 /PRNewswire/ -- Cedar Realty Trust, Inc. (NYSE:CDR) ("Cedar" or the "Company"), today announced that it has agreed to appoint three new independent directors, Darcy D. Morris, Richard H. Ross, and Sharon Stern, to the Company's Board of Directors (the "Board"), effective immediately, each with terms expiring at the Company's upcoming 2021 Annual Meeting of Shareholders (the "2021 Annual Meeting"). The Company has also agreed to nominate the three new independent directors for election at the 2021 Annual Meeting. In addition, longtime directors Pamela Hootkin and Roger Widmann will retire from the Board, effective as of the 2021 Annual Meeting. With the a
Gainers Plus Therapeutics, Inc. (NASDAQ:PSTV) shares rose 88.7% to $1.04 in pre-market trading after the company was awarded $17.6 million from State of Texas for continued development of co.'s lead investigational targeted radiotherapeutic Rhenium-186 NanoLiposome for the treatment of patients with leptomeningeal metastases. Codiak BioSciences, Inc. (NASDAQ:CDAK) shares rose 42.4% to $3.29 in pre-market trading. Codiak BioSciences recently posted a Q2 loss of $0.30 per share. Wolfspeed, Inc. (NYSE:WOLF) rose 20.7% to $103.40 in pre-market trading after the company reported better-than-expected Q4 results. Vinco Ventures, Inc. (NASDAQ:BBIG) rose 16.6% to $1.62 in pre-market trading af
The benchmark real estate investment trust (REIT) ETF — the Real Estate Select Sector SPDR Fund (NYSE:XLRE) — is lower than it was at the beginning of January, lodging it firmly in a downtrend. The XLRE, as it’s known, started the year at $51 and today goes for $44.99. That’s an 11.8% loss if you had picked up the basket of REITs in the fund. Fortunately, not all REITS are headed in the downward direction. As a matter of fact, here are six with prices heading solidly upward since January Cedar Realty Trust Fund Inc. (NYSE:CDR) started out the year at $24.50 and now goes for $28.95. Cedar Realty pays a 0.91% dividend and trades an average daily volume of just 330,000 shares. The Massapequa