Boston Partners Purchases 168,310 Shares of Cedar Realty Trust Inc (CDR)

Boston Partners raised its position in shares of Cedar Realty Trust Inc (NYSE:CDR) by 11.9% during the 4th quarter, HoldingsChannel reports. The fund owned 1,583,260 shares of the real estate investment trust’s stock after purchasing an additional 168,310 shares during the period. Boston Partners’ holdings in Cedar Realty Trust were worth $9,627,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Deprince Race & Zollo Inc. raised its holdings in shares of Cedar Realty Trust by 33.5% during the 4th quarter. Deprince Race & Zollo Inc. now owns 3,331,200 shares of the real estate investment trust’s stock worth $20,254,000 after acquiring an additional 835,507 shares in the last quarter. State Street Corp raised its holdings in shares of Cedar Realty Trust by 2.1% during the 2nd quarter. State Street Corp now owns 3,208,376 shares of the real estate investment trust’s stock worth $15,562,000 after acquiring an additional 64,817 shares in the last quarter. LSV Asset Management raised its holdings in shares of Cedar Realty Trust by 17.3% during the 4th quarter. LSV Asset Management now owns 1,623,292 shares of the real estate investment trust’s stock worth $9,869,000 after acquiring an additional 239,400 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Cedar Realty Trust by 1.9% during the 2nd quarter. Northern Trust Corp now owns 1,491,023 shares of the real estate investment trust’s stock worth $7,232,000 after acquiring an additional 27,681 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Cedar Realty Trust by 4.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,262,124 shares of the real estate investment trust’s stock worth $7,093,000 after acquiring an additional 48,864 shares in the last quarter. 93.81% of the stock is currently owned by institutional investors and hedge funds.

Several analysts recently weighed in on CDR shares. Zacks Investment Research upgraded Cedar Realty Trust from a “hold” rating to a “buy” rating and set a $7.00 price target on the stock in a report on Tuesday, December 19th. ValuEngine upgraded Cedar Realty Trust from a “hold” rating to a “buy” rating in a report on Friday, December 15th. B. Riley restated a “buy” rating on shares of Cedar Realty Trust in a report on Wednesday, November 1st. KeyCorp restated a “hold” rating on shares of Cedar Realty Trust in a report on Friday, November 3rd. Finally, Raymond James Financial restated a “hold” rating on shares of Cedar Realty Trust in a report on Thursday, December 14th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $5.81.

Shares of Cedar Realty Trust Inc (NYSE CDR) opened at $4.51 on Friday. Cedar Realty Trust Inc has a twelve month low of $4.20 and a twelve month high of $6.34. The firm has a market capitalization of $425.54, a price-to-earnings ratio of -64.43 and a beta of 0.75. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.49.

Cedar Realty Trust (NYSE:CDR) last released its quarterly earnings results on Thursday, February 8th. The real estate investment trust reported $0.03 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.11). Cedar Realty Trust had a net margin of 11.42% and a return on equity of 4.18%. The company had revenue of $37.14 million for the quarter, compared to analysts’ expectations of $37.06 million. During the same quarter in the previous year, the company posted $0.14 EPS. The business’s quarterly revenue was down .1% on a year-over-year basis. equities analysts forecast that Cedar Realty Trust Inc will post 0.55 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 20th. Investors of record on Monday, February 12th will be issued a dividend of $0.05 per share. The ex-dividend date is Friday, February 9th. This represents a $0.20 annualized dividend and a yield of 4.43%. Cedar Realty Trust’s payout ratio is presently -285.71%.

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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).

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

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