New York State Teachers Retirement System decreased its stake in Cedar Realty Trust Inc. (NYSE:CDR) by 0.1% during the second quarter, Holdings Channel reports. The firm owned 256,381 shares of the real estate investment trust’s stock after selling 200 shares during the period. New York State Teachers Retirement System’s holdings in Cedar Realty Trust were worth $1,905,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Prudential Financial Inc. increased its position in Cedar Realty Trust by 1.6% in the first quarter. Prudential Financial Inc. now owns 379,827 shares of the real estate investment trust’s stock worth $2,746,000 after buying an additional 5,859 shares in the last quarter. Aperio Group LLC increased its position in Cedar Realty Trust by 19.2% in the first quarter. Aperio Group LLC now owns 67,926 shares of the real estate investment trust’s stock worth $491,000 after buying an additional 10,960 shares in the last quarter. BlackRock Inc. increased its position in Cedar Realty Trust by 15.0% in the first quarter. BlackRock Inc. now owns 86,972 shares of the real estate investment trust’s stock worth $629,000 after buying an additional 11,375 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in Cedar Realty Trust by 126.4% in the second quarter. BNP Paribas Arbitrage SA now owns 24,472 shares of the real estate investment trust’s stock worth $182,000 after buying an additional 13,661 shares in the last quarter. Finally, Fox Run Management L.L.C. purchased a new position in Cedar Realty Trust during the second quarter worth about $126,000. 97.02% of the stock is currently owned by institutional investors and hedge funds.
Cedar Realty Trust Inc. (NYSE:CDR) traded up 0.28% during mid-day trading on Friday, hitting $7.08. The stock had a trading volume of 302,827 shares. The company has a 50-day moving average of $7.28 and a 200-day moving average of $7.27. The stock has a market cap of $580.95 million, a price-to-earnings ratio of 126.43 and a beta of 1.10. Cedar Realty Trust Inc. has a 12-month low of $6.47 and a 12-month high of $8.08.
Cedar Realty Trust (NYSE:CDR) last released its quarterly earnings results on Thursday, August 4th. The real estate investment trust reported $0.14 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.11. Cedar Realty Trust had a return on equity of 4.94% and a net margin of 13.14%. The business had revenue of $37.87 million for the quarter, compared to analysts’ expectations of $37.74 million. During the same quarter in the previous year, the firm posted $0.14 earnings per share. The company’s revenue was up 3.1% compared to the same quarter last year. On average, analysts anticipate that Cedar Realty Trust Inc. will post $0.03 earnings per share for the current fiscal year.
A number of research firms recently issued reports on CDR. Zacks Investment Research downgraded Cedar Realty Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, October 5th. Wunderlich lifted their target price on Cedar Realty Trust from $8.00 to $8.50 and gave the company a “buy” rating in a research note on Monday, August 8th. Finally, Boenning Scattergood downgraded Cedar Realty Trust from a “neutral” rating to an “underperform” rating and set a $6.50 target price on the stock. in a research note on Tuesday, June 28th.
In related news, CFO Philip Mays sold 25,000 shares of the business’s stock in a transaction dated Monday, September 12th. The stock was sold at an average price of $7.50, for a total value of $187,500.00. Following the transaction, the chief financial officer now owns 776,042 shares in the company, valued at $5,820,315. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 4.42% of the stock is owned by corporate insiders.
Cedar Realty Trust Company Profile
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.
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