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%.

COPYRIGHT VIOLATION NOTICE: “35,077 Shares in Cedar Realty Trust, Inc. (NYSE:CDR) Acquired by KCG Holdings Inc.” was published by Daily Political and is the sole property of of Daily Political. If you are accessing this piece of content on another publication, it was stolen and reposted in violation of United States and international trademark & copyright laws. The correct version of this piece of content can be read at https://www.dailypolitical.com/2017/08/07/35077-shares-in-cedar-realty-trust-inc-nysecdr-acquired-by-kcg-holdings-inc.html.

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).

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).

Institutional Ownership by Quarter for Cedar Realty Trust (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.