Credit Suisse AG raised its position in shares of Cedar Realty Trust, Inc. (NYSE:CDR) by 2.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 397,460 shares of the real estate investment trust’s stock after buying an additional 11,278 shares during the period. Credit Suisse AG’s holdings in Cedar Realty Trust were worth $1,995,000 as of its most recent filing with the SEC.
Other large investors have also modified their holdings of the company. Independent Portfolio Consultants Inc. increased its stake in shares of Cedar Realty Trust by 9.1% in the first quarter. Independent Portfolio Consultants Inc. now owns 20,345 shares of the real estate investment trust’s stock worth $102,000 after buying an additional 1,705 shares in the last quarter. Great West Life Assurance Co. Can increased its stake in shares of Cedar Realty Trust by 0.3% in the first quarter. Great West Life Assurance Co. Can now owns 138,180 shares of the real estate investment trust’s stock worth $693,000 after buying an additional 386 shares in the last quarter. Citadel Advisors LLC increased its stake in shares of Cedar Realty Trust by 589.9% in the first quarter. Citadel Advisors LLC now owns 193,701 shares of the real estate investment trust’s stock worth $972,000 after buying an additional 165,625 shares in the last quarter. Norges Bank acquired a new stake in shares of Cedar Realty Trust during the fourth quarter worth $6,764,000. Finally, Stevens Capital Management LP acquired a new stake in shares of Cedar Realty Trust during the first quarter worth $167,000. 97.45% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Cedar Realty Trust, Inc. (CDR) traded down 0.94% on Thursday, hitting $5.25. The stock had a trading volume of 74,366 shares. The firm has a 50-day moving average of $5.07 and a 200 day moving average of $5.32. The company’s market capitalization is $431.53 million. Cedar Realty Trust, Inc. has a 1-year low of $4.70 and a 1-year high of $7.98.
Cedar Realty Trust (NYSE:CDR) last announced its earnings results on Friday, August 4th. The real estate investment trust reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by $0.24. Cedar Realty Trust had a return on equity of 2.49% and a net margin of 6.58%. The company had revenue of $35.70 million during the quarter, compared to analysts’ expectations of $35.97 million. During the same quarter last year, the firm posted $0.15 earnings per share. The firm’s revenue was down 5.7% on a year-over-year basis. On average, equities analysts anticipate that Cedar Realty Trust, Inc. will post $0.08 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, August 21st. Shareholders of record on Friday, August 11th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 3.77%. The ex-dividend date of this dividend is Wednesday, August 9th. Cedar Realty Trust’s dividend payout ratio is presently -333.28%.
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A number of equities research analysts have weighed in on CDR shares. FBR & Co reaffirmed an “outperform” rating and issued a $5.75 target price on shares of Cedar Realty Trust in a report on Tuesday, July 11th. ValuEngine downgraded Cedar Realty Trust from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Zacks Investment Research raised Cedar Realty Trust from a “sell” rating to a “hold” rating in a report on Thursday, May 11th. Boenning Scattergood set a $5.00 target price on Cedar Realty Trust and gave the company a “sell” rating in a report on Monday. Finally, TheStreet raised Cedar Realty Trust from a “d+” rating to a “c” rating in a report on Friday, May 5th. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $6.15.
In other Cedar Realty Trust news, Director Paul G. Kirk, Jr. sold 9,759 shares of the business’s stock in a transaction on Wednesday, June 21st. The shares were sold at an average price of $4.88, for a total value of $47,623.92. Following the completion of the sale, the director now directly owns 75,874 shares of the company’s stock, valued at $370,265.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 4.50% of the company’s stock.
Cedar Realty Trust Company Profile
Cedar Realty Trust, Inc is a real estate investment trust (REIT). The Company focuses on ownership and operation of grocery-anchored shopping centers straddling the Washington District of Columbia (DC) to Boston corridor. As of December 31, 2016, the Company owned and managed a portfolio of 61 operating properties (excluding properties held for sale) totaling approximately 9.1 million square feet of gross leasable area (GLA).
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