Cedar Realty Trust (NYSE:CDR) Trading Down 0.4%

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Cedar Realty Trust Inc (NYSE:CDR) fell 0.4% on Friday . The stock traded as low as $2.84 and last traded at $2.84. 1,112 shares were traded during mid-day trading, a decline of 100% from the average session volume of 248,582 shares. The stock had previously closed at $2.85.

Several research firms recently weighed in on CDR. Zacks Investment Research raised shares of Cedar Realty Trust from a “sell” rating to a “hold” rating in a report on Wednesday, February 20th. ValuEngine downgraded shares of Cedar Realty Trust from a “hold” rating to a “sell” rating in a report on Wednesday, May 1st.

The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.58 and a current ratio of 0.58. The firm has a market cap of $252.83 million, a price-to-earnings ratio of 4.95 and a beta of 0.96.

Cedar Realty Trust (NYSE:CDR) last issued its quarterly earnings results on Thursday, May 2nd. The real estate investment trust reported $0.11 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.10. Cedar Realty Trust had a net margin of 15.49% and a return on equity of 5.85%. The company had revenue of $36.88 million during the quarter, compared to the consensus estimate of $36.57 million. On average, research analysts anticipate that Cedar Realty Trust Inc will post 0.45 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 20th. Shareholders of record on Friday, May 10th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 7.02%. The ex-dividend date of this dividend was Thursday, May 9th. Cedar Realty Trust’s dividend payout ratio is presently 34.48%.

In other Cedar Realty Trust news, insider Bruce J. Schanzer sold 10,000 shares of the company’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $3.14, for a total transaction of $31,400.00. Following the completion of the sale, the insider now directly owns 2,272,343 shares of the company’s stock, valued at $7,135,157.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 4.51% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of CDR. TIAA CREF Investment Management LLC lifted its stake in Cedar Realty Trust by 35.8% during the third quarter. TIAA CREF Investment Management LLC now owns 679,389 shares of the real estate investment trust’s stock valued at $3,166,000 after buying an additional 178,994 shares in the last quarter. Arizona State Retirement System lifted its stake in Cedar Realty Trust by 6.2% during the fourth quarter. Arizona State Retirement System now owns 135,872 shares of the real estate investment trust’s stock valued at $427,000 after buying an additional 7,891 shares in the last quarter. Rhumbline Advisers lifted its stake in Cedar Realty Trust by 19.5% during the fourth quarter. Rhumbline Advisers now owns 266,738 shares of the real estate investment trust’s stock valued at $838,000 after buying an additional 43,552 shares in the last quarter. Dupont Capital Management Corp lifted its stake in Cedar Realty Trust by 20.0% during the fourth quarter. Dupont Capital Management Corp now owns 191,246 shares of the real estate investment trust’s stock valued at $601,000 after buying an additional 31,893 shares in the last quarter. Finally, M&T Bank Corp lifted its stake in Cedar Realty Trust by 5.3% during the fourth quarter. M&T Bank Corp now owns 132,399 shares of the real estate investment trust’s stock valued at $416,000 after buying an additional 6,676 shares in the last quarter. 90.03% of the stock is owned by institutional investors.

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About Cedar Realty Trust (NYSE:CDR)

Cedar Realty Trust, Inc is a fully-integrated real estate investment trust which focuses on the ownership, operation and redevelopment of grocery-anchored shopping centers in high-density urban markets from Washington, DC to Boston. The Company's portfolio (excluding properties treated as "held for sale") comprises 58 properties, with approximately 8.7 million square feet of gross leasable area.

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