Principal Financial Group Inc. raised its position in Cedar Realty Trust Inc. (NYSE:CDR) by 1.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 548,761 shares of the real estate investment trust’s stock after buying an additional 9,896 shares during the period. Principal Financial Group Inc. owned about 0.67% of Cedar Realty Trust worth $4,078,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Renaissance Technologies LLC increased its position in shares of Cedar Realty Trust by 8.3% in the first quarter. Renaissance Technologies LLC now owns 2,351,100 shares of the real estate investment trust’s stock worth $16,998,000 after buying an additional 181,100 shares in the last quarter. Nuveen Asset Management LLC increased its position in shares of Cedar Realty Trust by 111.6% in the first quarter. Nuveen Asset Management LLC now owns 2,302,592 shares of the real estate investment trust’s stock worth $16,648,000 after buying an additional 1,214,160 shares in the last quarter. Boston Partners increased its position in shares of Cedar Realty Trust by 7.5% in the second quarter. Boston Partners now owns 2,235,250 shares of the real estate investment trust’s stock worth $16,608,000 after buying an additional 155,360 shares in the last quarter. Rothschild Asset Management Inc. increased its position in shares of Cedar Realty Trust by 25.5% in the second quarter. Rothschild Asset Management Inc. now owns 1,082,892 shares of the real estate investment trust’s stock worth $8,046,000 after buying an additional 219,868 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Cedar Realty Trust by 2.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,005,149 shares of the real estate investment trust’s stock worth $7,468,000 after buying an additional 19,308 shares in the last quarter. Institutional investors own 97.00% of the company’s stock.
Cedar Realty Trust Inc. (NYSE:CDR) opened at 6.58 on Friday. Cedar Realty Trust Inc. has a one year low of $6.47 and a one year high of $8.08. The company has a market cap of $539.92 million, a price-to-earnings ratio of 117.50 and a beta of 1.10. The stock has a 50 day moving average of $7.07 and a 200-day moving average of $7.25.
Cedar Realty Trust (NYSE:CDR) last announced its quarterly earnings results on Thursday, August 4th. The real estate investment trust reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.11. Cedar Realty Trust had a net margin of 13.14% and a return on equity of 4.94%. The firm earned $37.87 million during the quarter, compared to analyst estimates of $37.74 million. During the same period in the previous year, the business posted $0.14 earnings per share. The business’s revenue for the quarter was up 3.1% on a year-over-year basis. On average, equities analysts predict that Cedar Realty Trust Inc. will post $0.03 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 21st. Investors of record on Friday, November 11th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date of this dividend is Tuesday, November 8th. Cedar Realty Trust’s payout ratio is 400.08%.
A number of equities analysts recently weighed in on CDR shares. Zacks Investment Research raised shares of Cedar Realty Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, July 12th. Wunderlich lifted their target price on shares of Cedar Realty Trust from $8.00 to $8.50 and gave the stock a “buy” rating in a research note on Monday, August 8th.
In related news, CFO Philip Mays sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, September 12th. The shares were sold at an average price of $7.50, for a total value of $187,500.00. Following the transaction, the chief financial officer now owns 776,042 shares of the company’s stock, valued at $5,820,315. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 4.42% of the stock is currently owned by corporate insiders.
Cedar Realty Trust Company Profile
Cedar Realty Trust, Inc is a real estate investment trust. The Company focuses on ownership and operation of grocery-anchored shopping centers straddling the Washington District of Columbia (DC) to Boston corridor. The Company focuses its investment activities on grocery-anchored shopping centers. It owns and manages a portfolio of approximately 60 operating properties, including approximately 30 properties in Pennsylvania; over eight properties in Massachusetts; approximately seven properties in Connecticut; over six properties in Maryland; approximately eight properties in Virginia; over three properties in New Jersey, and one property in New York.