Cedar Realty Trust, Inc. (CDR) Shares Sold by Bank of Montreal Can

Bank of Montreal Can reduced its stake in shares of Cedar Realty Trust, Inc. (NYSE:CDR) by 3.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,957 shares of the real estate investment trust’s stock after selling 893 shares during the quarter. Bank of Montreal Can’s holdings in Cedar Realty Trust were worth $117,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. OppenheimerFunds Inc. grew its holdings in Cedar Realty Trust by 50.3% during the 1st quarter. OppenheimerFunds Inc. now owns 22,840 shares of the real estate investment trust’s stock valued at $114,000 after buying an additional 7,648 shares in the last quarter. Credit Agricole S A grew its holdings in shares of Cedar Realty Trust by 69.0% in the first quarter. Credit Agricole S A now owns 24,425 shares of the real estate investment trust’s stock valued at $123,000 after purchasing an additional 9,970 shares in the last quarter. Louisiana State Employees Retirement System grew its holdings in shares of Cedar Realty Trust by 1.6% in the first quarter. Louisiana State Employees Retirement System now owns 31,000 shares of the real estate investment trust’s stock valued at $156,000 after purchasing an additional 500 shares in the last quarter. Stevens Capital Management LP purchased a new position in shares of Cedar Realty Trust in the first quarter valued at $167,000. Finally, KCG Holdings Inc. purchased a new position in shares of Cedar Realty Trust in the first quarter valued at $176,000. 92.21% of the stock is owned by institutional investors and hedge funds.

In other news, Director Paul G. Kirk, Jr. sold 9,759 shares of the firm’s stock in a transaction dated Wednesday, June 21st. The stock was sold at an average price of $4.88, for a total transaction of $47,623.92. Following the sale, the director now owns 75,874 shares of the company’s stock, valued at approximately $370,265.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.50% of the stock is currently owned by company insiders.

A number of research analysts recently weighed in on CDR shares. ValuEngine lowered shares of Cedar Realty Trust from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. FBR & Co reissued an “outperform” rating and issued a $5.75 target price on shares of Cedar Realty Trust in a report on Tuesday, July 11th. Boenning Scattergood set a $5.00 target price on shares of Cedar Realty Trust and gave the company a “sell” rating in a report on Monday, August 7th. Zacks Investment Research lowered shares of Cedar Realty Trust from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Finally, BidaskClub lowered shares of Cedar Realty Trust from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. Cedar Realty Trust has a consensus rating of “Hold” and a consensus target price of $6.15.

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Cedar Realty Trust, Inc. (NYSE:CDR) traded up 2.34% on Monday, reaching $5.24. 72,770 shares of the company’s stock traded hands. The firm has a 50-day moving average price of $5.12 and a 200-day moving average price of $5.16. Cedar Realty Trust, Inc. has a 52 week low of $4.70 and a 52 week high of $7.75. The stock’s market capitalization is $430.71 million.

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 company had revenue of $35.70 million during the quarter, compared to analyst estimates of $35.97 million. Cedar Realty Trust had a net margin of 6.58% and a return on equity of 2.49%. Cedar Realty Trust’s revenue for the quarter was down 5.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.15 EPS. On average, analysts predict that Cedar Realty Trust, Inc. will post $0.06 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, August 21st. Stockholders of record on Friday, August 11th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 3.91%. The ex-dividend date was Wednesday, August 9th. Cedar Realty Trust’s dividend payout ratio (DPR) is presently -333.28%.

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).

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

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