Great West Life Assurance Co. Can increased its position in Cedar Realty Trust, Inc. (NYSE:CDR) by 0.3% during the first quarter, Holdings Channel reports. The fund owned 138,180 shares of the real estate investment trust’s stock after buying an additional 386 shares during the period. Great West Life Assurance Co. Can’s holdings in Cedar Realty Trust were worth $693,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System increased its stake in Cedar Realty Trust by 1.6% in the first quarter. Louisiana State Employees Retirement System now owns 31,000 shares of the real estate investment trust’s stock worth $156,000 after buying an additional 500 shares during the last quarter. Bank of Montreal Can increased its stake in Cedar Realty Trust by 2.1% in the first quarter. Bank of Montreal Can now owns 24,850 shares of the real estate investment trust’s stock worth $125,000 after buying an additional 504 shares during the last quarter. Independent Portfolio Consultants Inc. increased its stake in Cedar Realty Trust by 9.1% in the first quarter. Independent Portfolio Consultants Inc. now owns 20,345 shares of the real estate investment trust’s stock worth $102,000 after buying an additional 1,705 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in Cedar Realty Trust by 0.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 755,124 shares of the real estate investment trust’s stock worth $4,931,000 after buying an additional 2,640 shares during the last quarter. Finally, Comerica Bank increased its stake in Cedar Realty Trust by 6.0% in the fourth quarter. Comerica Bank now owns 83,062 shares of the real estate investment trust’s stock worth $520,000 after buying an additional 4,724 shares during the last quarter. 98.78% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Cedar Realty Trust (NYSE:CDR)

Cedar Realty Trust, Inc. (CDR) opened at 4.95 on Tuesday. Cedar Realty Trust, Inc. has a 12-month low of $4.80 and a 12-month high of $8.08. The firm has a 50-day moving average of $5.16 and a 200-day moving average of $5.65. The firm has a market cap of $406.80 million, a P/E ratio of 107.61 and a beta of 0.90.

Cedar Realty Trust (NYSE:CDR) last released its quarterly earnings data on Thursday, May 4th. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.01. The business had revenue of $36.77 million for the quarter, compared to analysts’ expectations of $36.37 million. Cedar Realty Trust had a return on equity of 4.88% and a net margin of 12.74%. Cedar Realty Trust’s quarterly revenue was down 3.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.14 earnings per share. On average, analysts expect that Cedar Realty Trust, Inc. will post $0.12 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 22nd. Stockholders of record on Friday, May 12th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 4.04%. The ex-dividend date was Wednesday, May 10th. Cedar Realty Trust’s dividend payout ratio is presently 400.00%.

COPYRIGHT VIOLATION WARNING: “Great West Life Assurance Co. Can Raises Position in Cedar Realty Trust, Inc. (CDR)” was originally posted by Daily Political and is owned by of Daily Political. If you are reading this piece of content on another domain, it was illegally stolen and reposted in violation of international copyright & trademark law. The original version of this piece of content can be accessed at https://www.dailypolitical.com/2017/06/20/great-west-life-assurance-co-can-raises-position-in-cedar-realty-trust-inc-cdr.html.

A number of equities analysts have commented on the stock. TheStreet raised shares of Cedar Realty Trust from a “d+” rating to a “c” rating in a report on Friday, May 5th. Zacks Investment Research raised shares of Cedar Realty Trust from a “sell” rating to a “hold” rating in a report on Thursday, May 11th. ValuEngine downgraded shares of Cedar Realty Trust from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Robert W. Baird raised shares of Cedar Realty Trust from a “neutral” rating to an “outperform” rating and decreased their price objective for the stock from $8.00 to $6.00 in a report on Monday, March 13th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. Cedar Realty Trust has a consensus rating of “Hold” and an average target price of $6.94.

In other news, Director Abraham Eisenstat acquired 10,000 shares of the stock in a transaction dated Thursday, March 23rd. The shares were acquired at an average cost of $5.08 per share, for a total transaction of $50,800.00. Following the completion of the transaction, the director now owns 61,541 shares in the company, valued at approximately $312,628.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 4.50% of the company’s stock.

About Cedar Realty Trust

Cedar Realty Trust, Inc is a real estate investment trust (REIT). The Company focuses on ownership and operation of grocery-anchored shopping centers straddling the Washington District of Columbia (DC) to Boston corridor. As of December 31, 2016, the Company owned and managed a portfolio of 61 operating properties (excluding properties held for sale) totaling approximately 9.1 million square feet of gross leasable area (GLA).

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.