Today: The RMR Advisors LLC Reached $770,000 position of Cedar Realty Trust Inc. (CDR)

The RMR Advisors LLC Reached $770,000 position  of Cedar Realty Trust Inc. (CDR)

RMR Advisors LLC maintained its stake in Cedar Realty Trust Inc. (NYSE:CDR) during the second quarter, Holdings Channel reports. The firm owned 103,627 shares of the real estate investment trust’s stock at the end of the second quarter. RMR Advisors LLC’s holdings in Cedar Realty Trust were worth $770,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Mizuho Trust & Banking Co. Ltd. increased its stake in shares of Cedar Realty Trust by 5.0% in the second quarter. Mizuho Trust & Banking Co. Ltd. now owns 14,520 shares of the real estate investment trust’s stock worth $108,000 after buying an additional 696 shares during the period. Fox Run Management L.L.C. purchased a new stake in shares of Cedar Realty Trust during the second quarter worth about $126,000. BNP Paribas Arbitrage SA increased its stake in shares of Cedar Realty Trust by 126.4% in the second quarter. BNP Paribas Arbitrage SA now owns 24,472 shares of the real estate investment trust’s stock worth $182,000 after buying an additional 13,661 shares during the period. Louisiana State Employees Retirement System increased its stake in shares of Cedar Realty Trust by 0.6% in the second quarter. Louisiana State Employees Retirement System now owns 33,300 shares of the real estate investment trust’s stock worth $247,000 after buying an additional 200 shares during the period. Finally, Menta Capital LLC purchased a new stake in shares of Cedar Realty Trust during the first quarter worth about $395,000. 97.00% of the stock is currently owned by institutional investors and hedge funds.

Cedar Realty Trust Inc. (NYSE:CDR) traded up 0.46% during trading on Friday, reaching $6.58. 282,435 shares of the company’s stock were exchanged. Cedar Realty Trust Inc. has a 52 week low of $6.47 and a 52 week high of $8.08. The firm has a market capitalization 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 price of $7.07 and a 200 day moving average price of $7.25.

Cedar Realty Trust (NYSE:CDR) last released its quarterly earnings data on Thursday, August 4th. The real estate investment trust reported $0.14 earnings per share 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 company had revenue of $37.87 million for the quarter, compared to analysts’ expectations of $37.74 million. During the same quarter last year, the company earned $0.14 earnings per share. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. Equities research analysts forecast that Cedar Realty Trust Inc. will post $0.03 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 21st. Stockholders of record on Friday, November 11th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, November 8th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.04%. Cedar Realty Trust’s payout ratio is 400.08%.

A number of analysts recently issued reports on the stock. Zacks Investment Research raised shares of Cedar Realty Trust from a “sell” rating to a “hold” rating in a report on Monday, October 17th. Wunderlich increased their price target on shares of Cedar Realty Trust from $8.00 to $8.50 and gave the stock a “buy” rating in a report on Monday, August 8th.

In other news, CFO Philip Mays sold 25,000 shares of Cedar Realty Trust stock in a transaction 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 directly owns 776,042 shares of the company’s stock, valued at approximately $5,820,315. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.42% of the stock is currently owned by 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.

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