Cedar Realty Trust Inc (NYSE:CDR) Announces Quarterly Dividend of $0.05

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Cedar Realty Trust Inc (NYSE:CDR) announced a quarterly dividend on Monday, October 21st, Zacks reports. Investors of record on Friday, November 8th will be given a dividend of 0.05 per share by the real estate investment trust on Wednesday, November 20th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 6.08%. The ex-dividend date is Thursday, November 7th.

NYSE:CDR opened at $3.29 on Tuesday. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.49 and a current ratio of 0.49. The stock’s 50-day simple moving average is $3.11 and its 200 day simple moving average is $2.82. The company has a market cap of $299.10 million, a P/E ratio of 5.67 and a beta of 0.91. Cedar Realty Trust has a 52-week low of $2.19 and a 52-week high of $3.99.

A number of equities analysts have weighed in on CDR shares. Zacks Investment Research raised Cedar Realty Trust from a “hold” rating to a “buy” rating and set a $3.25 price target on the stock in a research report on Monday, October 7th. ValuEngine raised Cedar Realty Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, August 6th. Finally, Compass Point started coverage on Cedar Realty Trust in a research report on Thursday, August 15th. They set a “sell” rating and a $2.00 price target on the stock.

In other news, CFO Philip Mays sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $3.01, for a total transaction of $75,250.00. Following the completion of the sale, the chief financial officer now owns 609,024 shares in the company, valued at $1,833,162.24. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 4.51% of the company’s stock.

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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Dividend History for Cedar Realty Trust (NYSE:CDR)

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