Teachers Retirement System of The State of Kentucky Maintains Position in Cedar Realty Trust, Inc. (CDR)

Teachers Retirement System of The State of Kentucky held its stake in Cedar Realty Trust, Inc. (NYSE:CDR) during the first quarter, Holdings Channel reports. The fund owned 28,700 shares of the real estate investment trust’s stock at the end of the first quarter. Teachers Retirement System of The State of Kentucky’s holdings in Cedar Realty Trust were worth $144,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Great West Life Assurance Co. Can raised its position in shares of Cedar Realty Trust by 0.3% in the first quarter. Great West Life Assurance Co. Can now owns 138,180 shares of the real estate investment trust’s stock valued at $693,000 after buying an additional 386 shares in the last quarter. Louisiana State Employees Retirement System raised its position 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 buying an additional 500 shares in the last quarter. Arizona State Retirement System raised its position in shares of Cedar Realty Trust by 1.3% in the first quarter. Arizona State Retirement System now owns 39,583 shares of the real estate investment trust’s stock valued at $199,000 after buying an additional 500 shares in the last quarter. Bank of Montreal Can raised its position in shares of Cedar Realty Trust by 2.1% in the first quarter. Bank of Montreal Can now owns 24,850 shares of the real estate investment trust’s stock valued at $125,000 after buying an additional 504 shares in the last quarter. Finally, Comerica Bank raised its position in shares of Cedar Realty Trust by 1.1% in the first quarter. Comerica Bank now owns 83,939 shares of the real estate investment trust’s stock valued at $452,000 after buying an additional 877 shares in the last quarter. Hedge funds and other institutional investors own 92.13% of the company’s stock.

Cedar Realty Trust, Inc. (NYSE:CDR) traded down 1.62% during midday trading on Friday, hitting $4.85. The stock had a trading volume of 167,856 shares. The company’s market cap is $398.66 million. The company has a 50-day moving average price of $5.12 and a 200-day moving average price of $5.28. Cedar Realty Trust, Inc. has a 12-month low of $4.70 and a 12-month high of $7.98.

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

The company also recently declared a quarterly dividend, which will be paid on Monday, August 21st. Stockholders of record on Friday, August 11th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 4.06%. Cedar Realty Trust’s dividend payout ratio (DPR) is -333.28%.

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Several equities analysts have commented on CDR shares. BidaskClub upgraded shares of Cedar Realty Trust from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Zacks Investment Research upgraded shares of Cedar Realty Trust from a “hold” rating to a “buy” rating and set a $5.75 price target on the stock in a research note on Wednesday, July 5th. TheStreet upgraded shares of Cedar Realty Trust from a “d+” rating to a “c” rating in a research note on Friday, May 5th. ValuEngine lowered shares of Cedar Realty Trust from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, FBR & Co reiterated an “outperform” rating and issued a $5.75 price target on shares of Cedar Realty Trust in a research note on Tuesday, July 11th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. Cedar Realty Trust has a consensus rating of “Hold” and a consensus price target of $6.15.

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

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).

Want to see what other hedge funds are holding CDR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cedar Realty Trust, Inc. (NYSE:CDR).

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

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