Macquarie Group Ltd. continued to hold its position in shares of Cedar Realty Trust Inc. (NYSE:CDR) during the second quarter, Holdings Channel reports. The institutional investor owned 26,400 shares of the real estate investment trust’s stock at the end of the second quarter. Macquarie Group Ltd.’s holdings in Cedar Realty Trust were worth $196,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Fox Run Management L.L.C. acquired a new position in shares of Cedar Realty Trust during the second quarter worth about $126,000. BlackRock Group LTD boosted its position in shares of Cedar Realty Trust by 3.0% in the first quarter. BlackRock Group LTD now owns 590,445 shares of the real estate investment trust’s stock worth $4,269,000 after buying an additional 17,313 shares during the last quarter. Chartwell Investment Partners LLC acquired a new position in shares of Cedar Realty Trust during the second quarter worth about $3,027,000. Victory Capital Management Inc. boosted its position in shares of Cedar Realty Trust by 0.5% in the second quarter. Victory Capital Management Inc. now owns 155,415 shares of the real estate investment trust’s stock worth $1,155,000 after buying an additional 710 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in shares of Cedar Realty Trust by 8.3% in the first quarter. Renaissance Technologies LLC now owns 2,351,100 shares of the real estate investment trust’s stock worth $16,998,000 after buying an additional 181,100 shares during the last quarter. Institutional investors own 97.02% of the company’s stock.
Cedar Realty Trust Inc. (NYSE:CDR) opened at 7.13 on Tuesday. The firm has a market cap of $585.05 million, a price-to-earnings ratio of 127.32 and a beta of 1.10. Cedar Realty Trust Inc. has a 52-week low of $6.31 and a 52-week high of $8.08. The stock has a 50 day moving average of $7.43 and a 200-day moving average of $7.28.
Cedar Realty Trust (NYSE:CDR) last announced its earnings results on Thursday, August 4th. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.11. The firm earned $37.87 million during the quarter, compared to analyst estimates of $37.74 million. Cedar Realty Trust had a net margin of 13.14% and a return on equity of 4.94%. Cedar Realty Trust’s revenue was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.14 EPS. On average, analysts expect that Cedar Realty Trust Inc. will post $0.03 EPS for the current year.
CDR has been the subject of a number of analyst reports. Zacks Investment Research lowered shares of Cedar Realty Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, July 6th. Boenning Scattergood lowered shares of Cedar Realty Trust from a “neutral” rating to an “underperform” rating and set a $6.50 price objective for the company. in a research report on Tuesday, June 28th. Finally, Wunderlich boosted their price objective on shares of Cedar Realty Trust from $8.00 to $8.50 and gave the company a “buy” rating in a research report on Monday, August 8th.
In related news, CFO Philip Mays sold 25,000 shares of the stock in a transaction dated Monday, September 12th. The shares were sold at an average price of $7.50, for a total value of $187,500.00. Following the completion of the transaction, the chief financial officer now owns 776,042 shares in the company, valued at approximately $5,820,315. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 4.42% of the stock is currently owned by corporate insiders.
About Cedar Realty Trust
Cedar Realty Trust, Inc is a real estate investment trust. The Company focuses on ownership and operation of grocery-anchored shopping centers straddling the Washington District of Columbia (DC) to Boston corridor. The Company focuses its investment activities on grocery-anchored shopping centers. It owns and manages a portfolio of approximately 60 operating properties, including approximately 30 properties in Pennsylvania; over eight properties in Massachusetts; approximately seven properties in Connecticut; over six properties in Maryland; approximately eight properties in Virginia; over three properties in New Jersey, and one property in New York.
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).
Receive News & Ratings for Cedar Realty Trust Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cedar Realty Trust Inc. and related companies with MarketBeat.com's FREE daily email newsletter.