BlueCrest Capital Management Ltd bought a new position in Cedar Realty Trust Inc (NYSE:CDR) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 16,847 shares of the real estate investment trust’s stock, valued at approximately $102,000.
Other hedge funds also recently modified their holdings of the company. Crossmark Global Holdings Inc. purchased a new stake in Cedar Realty Trust in the third quarter worth approximately $100,000. Arrowstreet Capital Limited Partnership purchased a new position in shares of Cedar Realty Trust during the 4th quarter worth $118,000. SG Americas Securities LLC boosted its stake in shares of Cedar Realty Trust by 93.6% during the 3rd quarter. SG Americas Securities LLC now owns 24,776 shares of the real estate investment trust’s stock worth $139,000 after acquiring an additional 11,981 shares during the last quarter. Teacher Retirement System of Texas purchased a new position in shares of Cedar Realty Trust during the 4th quarter worth $192,000. Finally, Amundi Pioneer Asset Management Inc. purchased a new position in shares of Cedar Realty Trust during the 4th quarter worth $231,000. Institutional investors own 90.56% of the company’s stock.
Several research analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Cedar Realty Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, February 14th. Boenning Scattergood reiterated a “sell” rating on shares of Cedar Realty Trust in a research note on Monday, February 12th. Robert W. Baird dropped their price target on shares of Cedar Realty Trust from $7.00 to $6.00 and set an “outperform” rating on the stock in a research note on Monday, February 12th. B. Riley dropped their price target on shares of Cedar Realty Trust from $6.50 to $5.50 and set a “buy” rating on the stock in a research note on Monday, February 12th. Finally, TheStreet cut shares of Cedar Realty Trust from a “c” rating to a “d+” rating in a research note on Thursday, February 8th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. Cedar Realty Trust currently has a consensus rating of “Hold” and a consensus target price of $5.75.
Cedar Realty Trust stock opened at $3.69 on Thursday. The firm has a market cap of $351.05, a price-to-earnings ratio of -123.00 and a beta of 0.94. Cedar Realty Trust Inc has a one year low of $3.62 and a one year high of $6.29. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.00 and a current ratio of 1.00.
Cedar Realty Trust (NYSE:CDR) last announced its quarterly earnings data on Thursday, February 8th. The real estate investment trust reported $0.03 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.11). The firm had revenue of $37.14 million for the quarter, compared to the consensus estimate of $37.06 million. Cedar Realty Trust had a net margin of 13.11% and a return on equity of 4.71%. The firm’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.14 earnings per share. equities research analysts forecast that Cedar Realty Trust Inc will post 0.55 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 20th. Stockholders of record on Monday, February 12th were given a dividend of $0.05 per share. The ex-dividend date was Friday, February 9th. This represents a $0.20 annualized dividend and a dividend yield of 5.42%. Cedar Realty Trust’s payout ratio is -666.67%.
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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