Public Sector Pension investment Board lessened its holdings in Cedar Realty Trust, Inc. (NYSE:CDR) by 23.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 39,218 shares of the real estate investment trust’s stock after selling 12,300 shares during the quarter. Public Sector Pension investment Board’s holdings in Cedar Realty Trust were worth $190,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Citigroup Inc. boosted its stake in Cedar Realty Trust by 17.3% during the 2nd quarter. Citigroup Inc. now owns 103,894 shares of the real estate investment trust’s stock worth $504,000 after acquiring an additional 15,330 shares during the last quarter. GSA Capital Partners LLP boosted its stake in Cedar Realty Trust by 173.4% during the 2nd quarter. GSA Capital Partners LLP now owns 82,732 shares of the real estate investment trust’s stock worth $401,000 after acquiring an additional 52,470 shares during the last quarter. UBS Asset Management Americas Inc. boosted its stake in Cedar Realty Trust by 26.1% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 168,286 shares of the real estate investment trust’s stock worth $816,000 after acquiring an additional 34,813 shares during the last quarter. Nationwide Fund Advisors boosted its stake in Cedar Realty Trust by 57.8% during the 2nd quarter. Nationwide Fund Advisors now owns 132,192 shares of the real estate investment trust’s stock worth $641,000 after acquiring an additional 48,400 shares during the last quarter. Finally, TIAA CREF Investment Management LLC boosted its stake in Cedar Realty Trust by 144.3% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 561,367 shares of the real estate investment trust’s stock worth $2,723,000 after acquiring an additional 331,619 shares during the last quarter. 92.21% of the stock is currently owned by institutional investors.

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CDR has been the topic of several recent analyst reports. KeyCorp reissued a “hold” rating on shares of Cedar Realty Trust in a research note on Wednesday, October 4th. FBR & Co reissued an “outperform” rating and set a $5.75 price objective on shares of Cedar Realty Trust in a research note on Tuesday, July 11th. Boenning Scattergood set a $5.00 price objective on shares of Cedar Realty Trust and gave the stock a “sell” rating in a research note on Monday, August 7th. Zacks Investment Research lowered shares of Cedar Realty Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Finally, BidaskClub lowered shares of Cedar Realty Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $6.15.

Cedar Realty Trust, Inc. (CDR) opened at 5.79 on Monday. Cedar Realty Trust, Inc. has a 1-year low of $4.70 and a 1-year high of $7.12. The company’s market cap is $475.92 million. The company’s 50-day moving average is $5.36 and its 200 day moving average is $5.18.

Cedar Realty Trust (NYSE:CDR) last posted its quarterly earnings results on Friday, August 4th. The real estate investment trust reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.24). The business had revenue of $35.70 million for the quarter, compared to the consensus estimate of $35.97 million. Cedar Realty Trust had a return on equity of 2.49% and a net margin of 6.58%. Cedar Realty Trust’s quarterly revenue was down 5.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.15 earnings per share. On average, equities analysts predict that Cedar Realty Trust, Inc. will post $0.06 EPS for the current fiscal year.

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).

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

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