Wells Fargo & Company MN grew its stake in Cedar Realty Trust, Inc. (NYSE:CDR) by 1.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 59,280 shares of the real estate investment trust’s stock after purchasing an additional 1,012 shares during the quarter. Wells Fargo & Company MN owned approximately 0.07% of Cedar Realty Trust worth $288,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. LSV Asset Management grew its position in shares of Cedar Realty Trust by 1,820.0% in the second quarter. LSV Asset Management now owns 1,009,900 shares of the real estate investment trust’s stock valued at $4,898,000 after purchasing an additional 957,300 shares during the period. JPMorgan Chase & Co. grew its position in shares of Cedar Realty Trust by 9.7% in the second quarter. JPMorgan Chase & Co. now owns 729,269 shares of the real estate investment trust’s stock valued at $3,537,000 after purchasing an additional 64,425 shares during the period. Principal Financial Group Inc. grew its position in shares of Cedar Realty Trust by 0.4% in the second quarter. Principal Financial Group Inc. now owns 593,775 shares of the real estate investment trust’s stock valued at $2,879,000 after purchasing an additional 2,450 shares during the period. IndexIQ Advisors LLC grew its position in shares of Cedar Realty Trust by 11.9% in the second quarter. IndexIQ Advisors LLC now owns 99,024 shares of the real estate investment trust’s stock valued at $480,000 after purchasing an additional 10,497 shares during the period. Finally, Victory Capital Management Inc. grew its position in shares of Cedar Realty Trust by 31.8% in the second quarter. Victory Capital Management Inc. now owns 270,700 shares of the real estate investment trust’s stock valued at $1,313,000 after purchasing an additional 65,258 shares during the period. Institutional investors and hedge funds own 93.27% of the company’s stock.

Cedar Realty Trust, Inc. (NYSE:CDR) opened at $6.00 on Friday. The firm has a market cap of $547.90, a PE ratio of 10.71 and a beta of 0.93. Cedar Realty Trust, Inc. has a 52-week low of $4.70 and a 52-week high of $6.79. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.72 and a current ratio of 0.72.

Cedar Realty Trust (NYSE:CDR) last issued its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.01. Cedar Realty Trust had a net margin of 11.42% and a return on equity of 4.18%. The company had revenue of $36.40 million for the quarter, compared to the consensus estimate of $35.31 million. During the same period in the previous year, the firm earned $0.15 earnings per share. Cedar Realty Trust’s quarterly revenue was down 3.7% compared to the same quarter last year. analysts anticipate that Cedar Realty Trust, Inc. will post 0.55 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, November 20th. Shareholders of record on Friday, November 10th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date is Thursday, November 9th. Cedar Realty Trust’s dividend payout ratio (DPR) is presently -285.71%.

Several brokerages have recently issued reports on CDR. B. Riley reiterated a “buy” rating on shares of Cedar Realty Trust in a research report on Wednesday, November 1st. Zacks Investment Research upgraded shares of Cedar Realty Trust from a “hold” rating to a “buy” rating and set a $6.50 price target on the stock in a research report on Tuesday, November 7th. Boenning Scattergood restated a “sell” rating and set a $4.50 price target on shares of Cedar Realty Trust in a research report on Monday, November 6th. KeyCorp restated a “hold” rating on shares of Cedar Realty Trust in a research report on Friday, November 3rd. Finally, ValuEngine upgraded shares of Cedar Realty Trust from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $5.81.

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Cedar Realty Trust 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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