Cedar Realty Trust Inc. (NYSE:CDR) shares fell 2% on Wednesday . The stock traded as low as $7.58 and last traded at $7.65, with a volume of 251,739 shares. The stock had previously closed at $7.81.

Several research firms have weighed in on CDR. Boenning Scattergood lowered 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. Zacks Investment Research lowered Cedar Realty Trust from a “hold” rating to a “sell” rating in a report on Monday, May 9th. Finally, Wunderlich upgraded Cedar Realty Trust from a “hold” rating to a “buy” rating and lifted their target price for the stock from $7.50 to $8.00 in a report on Tuesday, May 10th.

The company’s 50 day moving average price is $7.57 and its 200 day moving average price is $7.13. The stock has a market cap of $630.26 million and a P/E ratio of 120.00.

The business also recently declared a quarterly dividend, which will be paid on Monday, August 22nd. Stockholders of record on Friday, August 12th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Wednesday, August 10th. This represents a $0.20 annualized dividend and a dividend yield of 2.60%.

Other hedge funds and institutional investors recently made changes to their positions in the company. BlackRock Advisors LLC increased its position in shares of Cedar Realty Trust by 37.3% in the fourth quarter. BlackRock Advisors LLC now owns 1,652,752 shares of the real estate investment trust’s stock valued at $11,701,000 after buying an additional 448,746 shares during the period. Employees Retirement System of Texas bought a new position in shares of Cedar Realty Trust during the fourth quarter valued at about $1,062,000. Dimensional Fund Advisors LP increased its position in shares of Cedar Realty Trust by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 962,561 shares of the real estate investment trust’s stock valued at $6,815,000 after buying an additional 5,779 shares during the period. Victory Capital Management Inc. increased its position in shares of Cedar Realty Trust by 15.8% in the fourth quarter. Victory Capital Management Inc. now owns 154,070 shares of the real estate investment trust’s stock valued at $1,091,000 after buying an additional 21,070 shares during the period. Finally, Rhumbline Advisers increased its position in shares of Cedar Realty Trust by 4.6% in the fourth quarter. Rhumbline Advisers now owns 152,116 shares of the real estate investment trust’s stock valued at $1,077,000 after buying an additional 6,710 shares during the period.

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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