GSA Capital Partners LLP Boosts Position in Cedar Realty Trust, Inc. (CDR)

GSA Capital Partners LLP lifted its position in shares of Cedar Realty Trust, Inc. (NYSE:CDR) by 173.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 82,732 shares of the real estate investment trust’s stock after acquiring an additional 52,470 shares during the period. GSA Capital Partners LLP owned about 0.10% of Cedar Realty Trust worth $401,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of CDR. Kennedy Capital Management Inc. acquired a new stake in shares of Cedar Realty Trust during the 1st quarter valued at approximately $6,964,000. Deprince Race & Zollo Inc. raised its position in shares of Cedar Realty Trust by 124.3% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 1,832,679 shares of the real estate investment trust’s stock valued at $8,888,000 after acquiring an additional 1,015,607 shares in the last quarter. LSV Asset Management raised its position in shares of Cedar Realty Trust by 1,820.0% during the 2nd quarter. LSV Asset Management now owns 1,009,900 shares of the real estate investment trust’s stock valued at $4,898,000 after acquiring an additional 957,300 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Cedar Realty Trust by 6.2% during the 1st quarter. Vanguard Group Inc. now owns 10,857,885 shares of the real estate investment trust’s stock valued at $54,507,000 after acquiring an additional 630,915 shares in the last quarter. Finally, TIAA CREF Investment Management LLC raised its position in shares of Cedar Realty Trust by 144.3% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 561,367 shares of the real estate investment trust’s stock valued at $2,723,000 after acquiring an additional 331,619 shares in the last quarter. 92.21% of the stock is currently owned by institutional investors and hedge funds.

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Several equities research analysts recently issued reports on the company. KeyCorp reissued a “hold” rating on shares of Cedar Realty Trust in a research report on Wednesday, October 4th. ValuEngine raised Cedar Realty Trust from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. BidaskClub lowered Cedar Realty Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. FBR & Co upped their price target on Cedar Realty Trust from $5.75 to $6.25 and gave the company an “outperform” rating in a research report on Tuesday, August 8th. Finally, Zacks Investment Research lowered Cedar Realty Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $6.15.

Shares of Cedar Realty Trust, Inc. (NYSE:CDR) opened at 5.79 on Friday. The company’s 50 day moving average price is $5.35 and its 200 day moving average price is $5.18. Cedar Realty Trust, Inc. has a 52-week low of $4.70 and a 52-week high of $7.12. The firm’s market capitalization is $475.92 million.

Cedar Realty Trust (NYSE:CDR) last announced its quarterly earnings data on Friday, August 4th. The real estate investment trust reported ($0.10) EPS for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.24). The firm had revenue of $35.70 million during the quarter, compared to the consensus estimate of $35.97 million. Cedar Realty Trust had a return on equity of 2.49% and a net margin of 6.58%. Cedar Realty Trust’s revenue was down 5.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.15 EPS. Analysts forecast that Cedar Realty Trust, Inc. will post $0.06 earnings per share for the current year.

Cedar Realty Trust Company 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).

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

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