Northern Trust Corp Purchases 27,839 Shares of Cedar Realty Trust Inc (NYSE:CDR)

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Northern Trust Corp lifted its position in Cedar Realty Trust Inc (NYSE:CDR) by 2.3% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 1,251,980 shares of the real estate investment trust’s stock after acquiring an additional 27,839 shares during the quarter. Northern Trust Corp’s holdings in Cedar Realty Trust were worth $3,318,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. LSV Asset Management grew its position in Cedar Realty Trust by 26.6% during the second quarter. LSV Asset Management now owns 2,636,497 shares of the real estate investment trust’s stock valued at $6,986,000 after buying an additional 554,740 shares during the period. Renaissance Technologies LLC grew its position in Cedar Realty Trust by 24.1% during the second quarter. Renaissance Technologies LLC now owns 2,213,941 shares of the real estate investment trust’s stock valued at $5,867,000 after buying an additional 429,525 shares during the period. Bank of New York Mellon Corp grew its position in Cedar Realty Trust by 2.9% during the second quarter. Bank of New York Mellon Corp now owns 1,194,879 shares of the real estate investment trust’s stock valued at $3,167,000 after buying an additional 33,373 shares during the period. Panagora Asset Management Inc. grew its position in Cedar Realty Trust by 16.5% during the second quarter. Panagora Asset Management Inc. now owns 787,475 shares of the real estate investment trust’s stock valued at $2,086,000 after buying an additional 111,519 shares during the period. Finally, JPMorgan Chase & Co. grew its position in Cedar Realty Trust by 15.8% during the second quarter. JPMorgan Chase & Co. now owns 706,810 shares of the real estate investment trust’s stock valued at $1,845,000 after buying an additional 96,601 shares during the period. Institutional investors own 89.25% of the company’s stock.

Several research firms recently weighed in on CDR. Zacks Investment Research upgraded shares of Cedar Realty Trust from a “hold” rating to a “buy” rating and set a $3.25 price target for the company in a research report on Monday, October 7th. ValuEngine upgraded shares of Cedar Realty Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, August 6th. Finally, Compass Point began coverage on shares of Cedar Realty Trust in a research report on Thursday, August 15th. They set a “sell” rating and a $2.00 price target for the company.

In other Cedar Realty Trust news, CFO Philip Mays sold 25,000 shares of the company’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $3.01, for a total transaction of $75,250.00. Following the sale, the chief financial officer now directly owns 609,024 shares of the company’s stock, valued at $1,833,162.24. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 4.51% of the stock is owned by corporate insiders.

NYSE CDR opened at $2.94 on Friday. The company has a market cap of $261.72 million, a PE ratio of 5.07 and a beta of 0.92. Cedar Realty Trust Inc has a 52 week low of $2.19 and a 52 week high of $4.15. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 1.67. The firm’s 50-day simple moving average is $2.68 and its two-hundred day simple moving average is $2.82.

Cedar Realty Trust (NYSE:CDR) last released its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.03 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.08). The business had revenue of $35.66 million for the quarter, compared to analysts’ expectations of $35.77 million. Cedar Realty Trust had a net margin of 13.08% and a return on equity of 4.86%. As a group, equities research analysts anticipate that Cedar Realty Trust Inc will post 0.45 EPS for the current year.

Cedar Realty Trust Company Profile

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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Want to see what other hedge funds are holding CDR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cedar Realty Trust Inc (NYSE:CDR).

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

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