OMERS ADMINISTRATION Corp Takes $80,000 Position in Cedar Realty Trust Inc (CDR)

OMERS ADMINISTRATION Corp bought a new stake in shares of Cedar Realty Trust Inc (NYSE:CDR) during the 4th quarter, according to its most recent filing with the SEC. The firm bought 25,600 shares of the real estate investment trust’s stock, valued at approximately $80,000.

Several other large investors also recently made changes to their positions in the stock. Martingale Asset Management L P increased its holdings in Cedar Realty Trust by 17.5% during the 3rd quarter. Martingale Asset Management L P now owns 335,180 shares of the real estate investment trust’s stock worth $1,562,000 after purchasing an additional 49,922 shares during the last quarter. Thrivent Financial for Lutherans grew its position in shares of Cedar Realty Trust by 6.0% in the 3rd quarter. Thrivent Financial for Lutherans now owns 1,352,383 shares of the real estate investment trust’s stock worth $6,302,000 after acquiring an additional 76,819 shares in the last quarter. M&T Bank Corp grew its position in shares of Cedar Realty Trust by 5.3% in the 4th quarter. M&T Bank Corp now owns 132,399 shares of the real estate investment trust’s stock worth $416,000 after acquiring an additional 6,676 shares in the last quarter. Rational Advisors LLC acquired a new position in shares of Cedar Realty Trust in the 4th quarter worth approximately $196,000. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in shares of Cedar Realty Trust by 58.4% in the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 17,635 shares of the real estate investment trust’s stock worth $55,000 after acquiring an additional 6,500 shares in the last quarter. Institutional investors and hedge funds own 90.21% of the company’s stock.

CDR has been the subject of several research reports. Zacks Investment Research upgraded Cedar Realty Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, December 4th. ValuEngine upgraded Cedar Realty Trust from a “sell” rating to a “hold” rating in a research report on Thursday, December 6th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $5.00.

Shares of CDR opened at $3.33 on Tuesday. The company has a market capitalization of $296.74 million, a PE ratio of 5.74 and a beta of 1.04. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.57. Cedar Realty Trust Inc has a 52 week low of $2.73 and a 52 week high of $5.34.

Cedar Realty Trust (NYSE:CDR) last issued its earnings results on Thursday, February 7th. The real estate investment trust reported $0.02 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.11). The firm had revenue of $36.93 million during the quarter, compared to analyst estimates of $35.99 million. Cedar Realty Trust had a return on equity of 0.96% and a net margin of 2.56%. Equities analysts expect that Cedar Realty Trust Inc will post 0.45 earnings per share for the current year.

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Cedar Realty Trust Company Profile

Cedar Realty Trust, Inc is a fully-integrated real estate investment trust which focuses on the ownership, operation and redevelopment of grocery-anchored shopping centers in high-density urban markets from Washington, DC to Boston. The Company's portfolio (excluding properties treated as "held for sale") comprises 58 properties, with approximately 8.7 million square feet of gross leasable area.

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

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