State Board of Administration of Florida Retirement System maintained its position in Cedar Realty Trust Inc. (NYSE:CDR) during the second quarter, Holdings Channel reports. The firm owned 57,209 shares of the real estate investment trust’s stock at the end of the second quarter. State Board of Administration of Florida Retirement System owned about 0.07% of Cedar Realty Trust worth $425,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently bought and sold shares of CDR. Calvert Investment Management Inc. bought a new stake in Cedar Realty Trust during the second quarter valued at about $2,163,000. California Public Employees Retirement System boosted its stake in Cedar Realty Trust by 17.9% in the second quarter. California Public Employees Retirement System now owns 295,700 shares of the real estate investment trust’s stock valued at $2,197,000 after buying an additional 45,000 shares in the last quarter. Emerald Acquisition Ltd. bought a new stake in Cedar Realty Trust during the second quarter valued at about $5,085,000. Rothschild Asset Management Inc. boosted its stake in Cedar Realty Trust by 25.5% in the second quarter. Rothschild Asset Management Inc. now owns 1,082,892 shares of the real estate investment trust’s stock valued at $8,046,000 after buying an additional 219,868 shares in the last quarter. Finally, KBC Group NV boosted its stake in Cedar Realty Trust by 157.5% in the second quarter. KBC Group NV now owns 26,382 shares of the real estate investment trust’s stock valued at $196,000 after buying an additional 16,135 shares in the last quarter. 97.02% of the stock is currently owned by institutional investors and hedge funds.
Shares of Cedar Realty Trust Inc. (NYSE:CDR) traded down 1.63% during mid-day trading on Friday, hitting $6.65. 236,672 shares of the company’s stock were exchanged. Cedar Realty Trust Inc. has a 52 week low of $6.47 and a 52 week high of $8.08. The company has a market capitalization of $545.67 million, a price-to-earnings ratio of 118.75 and a beta of 1.10. The firm has a 50 day moving average price of $7.37 and a 200-day moving average price of $7.27.
Cedar Realty Trust (NYSE:CDR) last issued its quarterly earnings data on Thursday, August 4th. The real estate investment trust reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.11. The firm had revenue of $37.87 million for 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%. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.14 earnings per share. On average, equities analysts anticipate that Cedar Realty Trust Inc. will post $0.03 EPS for the current year.
Several research firms recently issued reports on CDR. Zacks Investment Research cut shares of Cedar Realty Trust from a “hold” rating to a “sell” rating in a report on Wednesday. Wunderlich increased their target price on shares of Cedar Realty Trust from $8.00 to $8.50 and gave the stock a “buy” rating in a report on Monday, August 8th. Finally, Boenning Scattergood cut shares of Cedar Realty Trust from a “neutral” rating to an “underperform” rating and set a $6.50 target price on the stock. in a report on Tuesday, June 28th.
In other news, CFO Philip Mays sold 25,000 shares of Cedar Realty Trust stock in a transaction that occurred on Monday, September 12th. The shares were 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 of the company’s stock, valued at $5,820,315. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 4.42% of the stock is currently owned by 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.
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