35,077 Shares in Cedar Realty Trust, Inc. (NYSE:CDR) Acquired by KCG Holdings Inc.
KCG Holdings Inc. purchased a new stake in shares of Cedar Realty Trust, Inc. (NYSE:CDR) during the first quarter, Holdings Channel reports. The firm purchased 35,077 shares of the real estate investment trust’s stock, valued at approximately $176,000.
Other large investors have also added to or reduced their stakes in the company. Citadel Advisors LLC raised its stake in Cedar Realty Trust by 589.9% in the first quarter. Citadel Advisors LLC now owns 193,701 shares of the real estate investment trust’s stock valued at $972,000 after buying an additional 165,625 shares during the last quarter. Morgan Stanley raised its stake in Cedar Realty Trust by 107.9% in the first quarter. Morgan Stanley now owns 563,460 shares of the real estate investment trust’s stock valued at $2,829,000 after buying an additional 292,433 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Cedar Realty Trust by 6.1% in the first quarter. Dimensional Fund Advisors LP now owns 1,151,110 shares of the real estate investment trust’s stock valued at $5,779,000 after buying an additional 65,925 shares during the last quarter. Kennedy Capital Management Inc. acquired a new stake in Cedar Realty Trust during the first quarter valued at approximately $6,964,000. Finally, Geode Capital Management LLC raised its stake in Cedar Realty Trust by 2.0% in the first quarter. Geode Capital Management LLC now owns 746,745 shares of the real estate investment trust’s stock valued at $3,748,000 after buying an additional 14,840 shares during the last quarter. 97.45% of the stock is owned by hedge funds and other institutional investors.
Cedar Realty Trust, Inc. (CDR) traded down 0.76% during midday trading on Monday, reaching $5.24. 56,931 shares of the company traded hands. The stock has a market capitalization of $430.63 million, a P/E ratio of 113.91 and a beta of 0.89. The firm has a 50-day moving average of $5.06 and a 200-day moving average of $5.35. Cedar Realty Trust, Inc. has a 1-year low of $4.70 and a 1-year high of $7.98.
Cedar Realty Trust (NYSE:CDR) last announced its quarterly earnings results on Friday, August 4th. The real estate investment trust reported ($0.10) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.14 by $0.24. Cedar Realty Trust had a net margin of 6.58% and a return on equity of 2.48%. The company had revenue of $35.70 million during the quarter, compared to analyst estimates of $35.97 million. During the same period in the previous year, the firm posted $0.15 earnings per share. The company’s revenue was down 5.7% compared to the same quarter last year. On average, analysts predict that Cedar Realty Trust, Inc. will post $0.12 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, August 21st. Shareholders of record on Friday, August 11th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 3.79%. The ex-dividend date of this dividend is Wednesday, August 9th. Cedar Realty Trust’s payout ratio is presently -333.28%.
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Several research firms have recently commented on CDR. Boenning Scattergood set a $5.00 price target on shares of Cedar Realty Trust and gave the company a “sell” rating in a research report on Monday. BidaskClub raised shares of Cedar Realty Trust from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. FBR & Co reaffirmed an “outperform” rating and set a $5.75 price target on shares of Cedar Realty Trust in a research report on Tuesday, July 11th. Zacks Investment Research lowered shares of Cedar Realty Trust from a “buy” rating to a “hold” rating in a research report on Monday, July 10th. Finally, ValuEngine lowered shares of Cedar Realty Trust from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. Cedar Realty Trust currently has a consensus rating of “Hold” and an average price target of $6.05.
In other Cedar Realty Trust news, Director Paul G. Kirk, Jr. sold 9,759 shares of the business’s stock in a transaction that occurred on Wednesday, June 21st. The stock was sold at an average price of $4.88, for a total value of $47,623.92. Following the completion of the transaction, the director now directly owns 75,874 shares of the company’s stock, valued at $370,265.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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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