Principal Financial Group Inc. raised its position in Cedar Realty Trust, Inc. (NYSE:CDR) by 3.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 591,325 shares of the real estate investment trust’s stock after buying an additional 19,492 shares during the period. Principal Financial Group Inc.’s holdings in Cedar Realty Trust were worth $2,969,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Independent Portfolio Consultants Inc. increased its position 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. OppenheimerFunds Inc. increased its position in Cedar Realty Trust by 50.3% in the first quarter. OppenheimerFunds Inc. now owns 22,840 shares of the real estate investment trust’s stock worth $114,000 after buying an additional 7,648 shares during the last quarter. Credit Agricole S A increased its position in Cedar Realty Trust by 69.0% in the first quarter. Credit Agricole S A now owns 24,425 shares of the real estate investment trust’s stock worth $123,000 after buying an additional 9,970 shares during the last quarter. Bank of Montreal Can increased its position 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. Finally, A.R.T. Advisors LLC acquired a new position in Cedar Realty Trust during the fourth quarter worth approximately $164,000. 98.13% of the stock is owned by institutional investors.

Shares of Cedar Realty Trust, Inc. (NYSE:CDR) opened at 5.10 on Friday. The firm has a market cap of $419.13 million, a PE ratio of 110.87 and a beta of 0.88. The company’s 50 day moving average is $5.06 and its 200-day moving average is $5.44. Cedar Realty Trust, Inc. has a 12 month low of $4.70 and a 12 month high of $8.08.

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

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A number of research firms have recently commented on CDR. FBR & Co reaffirmed an “outperform” rating and set a $5.75 price objective on shares of Cedar Realty Trust in a report on Tuesday, July 11th. Zacks Investment Research downgraded shares of Cedar Realty Trust from a “buy” rating to a “hold” rating in a report on Monday, July 10th. ValuEngine downgraded shares of Cedar Realty Trust from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, TheStreet raised shares of Cedar Realty Trust from a “d+” rating to a “c” rating in a report on Friday, May 5th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $6.31.

In related news, Director Paul G. Kirk, Jr. sold 9,759 shares of the company’s stock in a transaction dated Wednesday, June 21st. The shares were sold at an average price of $4.88, for a total transaction of $47,623.92. Following the completion of the sale, the director now owns 75,874 shares of the company’s stock, valued at $370,265.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 4.50% of the company’s stock.

Cedar Realty Trust Company Profile

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).

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

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