Cedar Realty Trust Inc (CDR) Position Boosted by California Public Employees Retirement System

California Public Employees Retirement System lifted its stake in Cedar Realty Trust Inc (NYSE:CDR) by 4.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 274,939 shares of the real estate investment trust’s stock after purchasing an additional 12,357 shares during the period. California Public Employees Retirement System’s holdings in Cedar Realty Trust were worth $1,672,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Teacher Retirement System of Texas acquired a new position in shares of Cedar Realty Trust in the 4th quarter valued at $192,000. Aperio Group LLC boosted its position in shares of Cedar Realty Trust by 10.0% in the 4th quarter. Aperio Group LLC now owns 116,724 shares of the real estate investment trust’s stock valued at $710,000 after purchasing an additional 10,567 shares during the period. Boston Partners boosted its position in shares of Cedar Realty Trust by 11.9% in the 4th quarter. Boston Partners now owns 1,583,260 shares of the real estate investment trust’s stock valued at $9,627,000 after purchasing an additional 168,310 shares during the period. Victory Capital Management Inc. boosted its position in shares of Cedar Realty Trust by 17.4% in the 4th quarter. Victory Capital Management Inc. now owns 318,835 shares of the real estate investment trust’s stock valued at $1,939,000 after purchasing an additional 47,335 shares during the period. Finally, Quantitative Systematic Strategies LLC boosted its position in shares of Cedar Realty Trust by 195.5% in the 4th quarter. Quantitative Systematic Strategies LLC now owns 101,649 shares of the real estate investment trust’s stock valued at $618,000 after purchasing an additional 67,254 shares during the period. Institutional investors and hedge funds own 90.56% of the company’s stock.

A number of research firms recently weighed in on CDR. Zacks Investment Research lowered Cedar Realty Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. B. Riley decreased their price target on Cedar Realty Trust from $6.50 to $5.50 and set a “buy” rating for the company in a research report on Monday, February 12th. ValuEngine lowered Cedar Realty Trust from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Robert W. Baird decreased their price objective on Cedar Realty Trust from $7.00 to $6.00 and set an “outperform” rating for the company in a research report on Monday, February 12th. Finally, TheStreet lowered Cedar Realty Trust from a “c” rating to a “d+” rating in a research report on Thursday, February 8th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. Cedar Realty Trust has an average rating of “Hold” and a consensus target price of $5.75.

Shares of Cedar Realty Trust stock opened at $3.64 on Friday. Cedar Realty Trust Inc has a 1 year low of $3.62 and a 1 year high of $6.29. The company has a market capitalization of $343.70, a PE ratio of -121.33 and a beta of 0.94. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.00 and a current ratio of 1.00.

Cedar Realty Trust (NYSE:CDR) last announced its quarterly earnings data on Thursday, February 8th. The real estate investment trust reported $0.03 EPS for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.11). Cedar Realty Trust had a return on equity of 4.71% and a net margin of 13.11%. The business had revenue of $37.14 million for the quarter, compared to analyst estimates of $37.06 million. During the same quarter in the previous year, the business posted $0.14 earnings per share. The company’s revenue was down .1% compared to the same quarter last year. equities analysts predict that Cedar Realty Trust Inc will post 0.54 earnings per share for the current fiscal year.

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About Cedar Realty Trust

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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Institutional Ownership by Quarter for Cedar Realty Trust (NYSE:CDR)

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