Todays Report: Today, 53,865 Shares of Cedar Realty Trust Inc. (CDR) are sold by First Trust Advisors LP

Today, 53,865 Shares of Cedar Realty Trust Inc. (CDR) are sold by First Trust Advisors LP

First Trust Advisors LP cut its position in Cedar Realty Trust Inc. (NYSE:CDR) by 60.8% during the second quarter, Holdings Channel reports. The fund owned 34,739 shares of the real estate investment trust’s stock after selling 53,865 shares during the period. First Trust Advisors LP’s holdings in Cedar Realty Trust were worth $258,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. Louisiana State Employees Retirement System boosted its position 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 last quarter. Mizuho Trust & Banking Co. Ltd. boosted its position 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 last quarter. Emerald Mutual Fund Advisers Trust boosted its position in shares of Cedar Realty Trust by 4.2% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 66,762 shares of the real estate investment trust’s stock worth $496,000 after buying an additional 2,699 shares during the last quarter. Prudential Financial Inc. boosted its position in shares of Cedar Realty Trust by 1.6% in the first quarter. Prudential Financial Inc. now owns 379,827 shares of the real estate investment trust’s stock worth $2,746,000 after buying an additional 5,859 shares during the last quarter. Finally, Aperio Group LLC boosted its position in shares of Cedar Realty Trust by 19.2% in the first quarter. Aperio Group LLC now owns 67,926 shares of the real estate investment trust’s stock worth $491,000 after buying an additional 10,960 shares during the last quarter. 97.00% of the stock is owned by institutional investors and hedge funds.

Cedar Realty Trust Inc. (NYSE:CDR) traded down 0.42% during trading on Monday, hitting $7.05. 135,880 shares of the company were exchanged. The company has a market capitalization of $578.49 million, a price-to-earnings ratio of 125.89 and a beta of 1.10. Cedar Realty Trust Inc. has a 12 month low of $6.47 and a 12 month high of $8.08. The stock’s 50-day moving average is $7.28 and its 200-day moving average is $7.27.

Cedar Realty Trust (NYSE:CDR) last released its quarterly earnings results on Thursday, August 4th. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.11. The business earned $37.87 million during the quarter, compared to the consensus estimate of $37.74 million. Cedar Realty Trust had a return on equity of 4.94% and a net margin of 13.14%. The company’s quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.14 EPS. Equities research analysts anticipate that Cedar Realty Trust Inc. will post $0.03 earnings per share for the current year.

A number of equities analysts have commented on the stock. 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 price target 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. Finally, Boenning Scattergood cut shares of Cedar Realty Trust from a “neutral” rating to an “underperform” rating and set a $6.50 price target for the company. in a research note on Tuesday, June 28th.

In other Cedar Realty Trust news, CFO Philip Mays sold 25,000 shares of Cedar Realty Trust stock in a transaction dated Monday, September 12th. The stock was sold at an average price of $7.50, for a total transaction of $187,500.00. Following the completion of the transaction, the chief financial officer now owns 776,042 shares in the company, valued at approximately $5,820,315. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 4.42% of the company’s stock.

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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