Virginia Retirement Systems ET AL purchased a new stake in shares of Cedar Realty Trust Inc. (NYSE:CDR) during the second quarter, Holdings Channel reports. The fund purchased 76,800 shares of the real estate investment trust’s stock, valued at approximately $571,000. Virginia Retirement Systems ET AL owned about 0.09% of Cedar Realty Trust at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in the stock. Aperio Group LLC boosted its stake in shares of Cedar Realty Trust by 19.2% in the first quarter. Aperio Group LLC now owns 67,926 shares of the real estate investment trust’s stock valued at $491,000 after buying an additional 10,960 shares during the last quarter. Virginia Retirement System bought a new stake in shares of Cedar Realty Trust during the first quarter worth about $502,000. Prudential Financial Inc. boosted its stake in shares of Cedar Realty Trust by 1.6% in the first quarter. Prudential Financial Inc. now owns 379,827 shares of the real estate investment trust’s stock worth $2,746,000 after buying an additional 5,859 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Cedar Realty Trust by 15.0% in the first quarter. BlackRock Inc. now owns 86,972 shares of the real estate investment trust’s stock worth $629,000 after buying an additional 11,375 shares during the last quarter. Finally, BlackRock Group LTD boosted its stake in shares of Cedar Realty Trust by 3.0% in the first quarter. BlackRock Group LTD now owns 590,445 shares of the real estate investment trust’s stock worth $4,269,000 after buying an additional 17,313 shares during the last quarter. 97.02% of the stock is owned by institutional investors and hedge funds.
Cedar Realty Trust Inc. (NYSE:CDR) opened at 6.76 on Thursday. The firm has a market capitalization of $554.69 million, a price-to-earnings ratio of 120.71 and a beta of 1.10. The stock’s 50 day moving average price is $7.40 and its 200-day moving average price is $7.28. Cedar Realty Trust Inc. has a one year low of $6.47 and a one year high of $8.08.
Cedar Realty Trust (NYSE:CDR) last announced its earnings results on Thursday, August 4th. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.11. Cedar Realty Trust had a return on equity of 4.94% and a net margin of 13.14%. The business had revenue of $37.87 million for the quarter, compared to analyst estimates of $37.74 million. During the same quarter last year, the firm earned $0.14 EPS. Cedar Realty Trust’s revenue for the quarter was up 3.1% compared to the same quarter last year. On average, equities research analysts expect that Cedar Realty Trust Inc. will post $0.03 EPS for the current fiscal year.
A number of equities research analysts have issued reports on CDR shares. Zacks Investment Research raised Cedar Realty Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, July 12th. Wunderlich upped their price target on Cedar Realty Trust from $8.00 to $8.50 and gave the stock a “buy” rating in a report on Monday, August 8th. Finally, Boenning Scattergood lowered Cedar Realty Trust from a “neutral” rating to an “underperform” rating and set a $6.50 price target for the company. in a report on Tuesday, June 28th.
In related news, CFO Philip Mays sold 25,000 shares of Cedar Realty Trust stock in a transaction that occurred on Monday, September 12th. The stock was sold at an average price of $7.50, for a total value of $187,500.00. Following the sale, the chief financial officer now owns 776,042 shares of the company’s stock, valued at approximately $5,820,315. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 4.42% of the stock is owned by corporate insiders.
Cedar Realty Trust Company Profile
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.
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