Cedar Realty Trust, Inc. (NYSE:CDR) was the recipient of a large decrease in short interest in August. As of August 15th, there was short interest totalling 2,847,733 shares, a decrease of 52.8% from the July 31st total of 6,035,202 shares. Based on an average daily volume of 463,136 shares, the short-interest ratio is currently 6.1 days. Approximately 3.5% of the shares of the company are sold short.

In related news, Director Paul G. Kirk, Jr. sold 9,759 shares of the company’s stock in a transaction on Wednesday, June 21st. The shares were sold at an average price of $4.88, for a total value of $47,623.92. Following the completion of the transaction, the director now owns 75,874 shares of the company’s stock, valued at approximately $370,265.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 4.50% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Weiss Multi Strategy Advisers LLC bought a new stake in Cedar Realty Trust during the first quarter worth approximately $8,785,000. Kennedy Capital Management Inc. bought a new stake in Cedar Realty Trust during the first quarter worth approximately $6,964,000. Deprince Race & Zollo Inc. boosted its stake in Cedar Realty Trust by 124.3% in the second quarter. Deprince Race & Zollo Inc. now owns 1,832,679 shares of the real estate investment trust’s stock worth $8,888,000 after buying an additional 1,015,607 shares in the last quarter. LSV Asset Management boosted its stake in Cedar Realty Trust by 1,820.0% in the second quarter. LSV Asset Management now owns 1,009,900 shares of the real estate investment trust’s stock worth $4,898,000 after buying an additional 957,300 shares in the last quarter. Finally, Brandywine Global Investment Management LLC bought a new stake in Cedar Realty Trust during the second quarter worth approximately $3,684,000. 92.21% of the stock is owned by institutional investors and hedge funds.

Cedar Realty Trust (NYSE:CDR) opened at 5.06 on Friday. The firm’s 50 day moving average is $5.12 and its 200 day moving average is $5.20. The company’s market cap is $415.92 million. Cedar Realty Trust has a 12-month low of $4.70 and a 12-month high of $7.98.

Cedar Realty Trust (NYSE:CDR) last released its earnings results on Friday, August 4th. The real estate investment trust reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of $0.14 by $0.24. The company had revenue of $35.70 million for the quarter, compared to analysts’ expectations of $35.97 million. Cedar Realty Trust had a return on equity of 2.49% and a net margin of 6.58%. The firm’s revenue for the quarter was down 5.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.15 EPS. Equities research analysts anticipate that Cedar Realty Trust will post $0.06 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, August 21st. Stockholders of record on Friday, August 11th were paid a dividend of $0.05 per share. The ex-dividend date was Wednesday, August 9th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.95%. Cedar Realty Trust’s dividend payout ratio is currently -333.28%.

Several research analysts recently weighed in on CDR shares. BidaskClub raised shares of Cedar Realty Trust from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Zacks Investment Research raised shares of Cedar Realty Trust from a “hold” rating to a “buy” rating and set a $5.75 target price for the company in a report on Wednesday, July 5th. ValuEngine downgraded shares of Cedar Realty Trust from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. FBR & Co reaffirmed an “outperform” rating and issued a $5.75 target price on shares of Cedar Realty Trust in a report on Tuesday, July 11th. Finally, Boenning Scattergood set a $5.00 target price on shares of Cedar Realty Trust and gave the stock a “sell” rating in a report on Monday, August 7th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. Cedar Realty Trust has an average rating of “Hold” and an average target price of $6.15.

WARNING: This news story was originally published by TheOlympiaReport and is owned by of TheOlympiaReport. If you are viewing this news story on another publication, it was illegally copied and republished in violation of U.S. & international copyright and trademark law. The original version of this news story can be read at https://theolympiareport.com/2017/09/03/short-interest-in-cedar-realty-trust-inc-cdr-decreases-by-52-8.html.

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).

Receive News & Ratings for Cedar Realty Trust Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cedar Realty Trust Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.