Citadel Advisors LLC Decreases Holdings in Cedar Realty Trust, Inc. (CDR)
Citadel Advisors LLC decreased its position in shares of Cedar Realty Trust, Inc. (NYSE:CDR) by 11.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 381,554 shares of the real estate investment trust’s stock after selling 50,175 shares during the quarter. Citadel Advisors LLC owned about 0.42% of Cedar Realty Trust worth $2,144,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Crossmark Global Holdings Inc. acquired a new stake in Cedar Realty Trust in the third quarter worth about $100,000. Susquehanna International Group LLP bought a new stake in Cedar Realty Trust in the second quarter worth about $103,000. Verition Fund Management LLC raised its position in Cedar Realty Trust by 68.3% in the second quarter. Verition Fund Management LLC now owns 22,421 shares of the real estate investment trust’s stock worth $109,000 after acquiring an additional 9,097 shares in the last quarter. SG Americas Securities LLC raised its position in Cedar Realty Trust by 93.6% in the third 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 in the last quarter. Finally, KCG Holdings Inc. acquired a new stake in Cedar Realty Trust during the 1st quarter worth about $176,000. 92.67% of the stock is owned by institutional investors.
Cedar Realty Trust, Inc. (CDR) traded up $0.08 during trading hours on Tuesday, reaching $6.14. The company’s stock had a trading volume of 736,800 shares, compared to its average volume of 591,436. Cedar Realty Trust, Inc. has a 1 year low of $4.70 and a 1 year high of $6.79. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.49. The firm has a market capitalization of $553.38, a price-to-earnings ratio of 10.82 and a beta of 0.97.
Cedar Realty Trust (NYSE:CDR) last released its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.14 EPS for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.01. Cedar Realty Trust had a return on equity of 4.18% and a net margin of 11.42%. The company had revenue of $36.40 million for the quarter, compared to analyst estimates of $35.31 million. During the same quarter last year, the firm posted $0.15 earnings per share. Cedar Realty Trust’s revenue was down 3.7% compared to the same quarter last year. sell-side analysts expect that Cedar Realty Trust, Inc. will post 0.55 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, November 20th. Shareholders of record on Friday, November 10th were paid a $0.05 dividend. The ex-dividend date of this dividend was Thursday, November 9th. This represents a $0.20 dividend on an annualized basis and a yield of 3.26%. Cedar Realty Trust’s dividend payout ratio is -285.71%.
CDR has been the topic of several research analyst reports. FBR & Co lifted their target price on Cedar Realty Trust from $5.75 to $6.25 and gave the company an “outperform” rating in a research note on Tuesday, August 8th. BidaskClub cut Cedar Realty Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, August 16th. B. Riley reissued a “buy” rating on shares of Cedar Realty Trust in a research note on Wednesday, November 1st. KeyCorp reaffirmed a “hold” rating on shares of Cedar Realty Trust in a research report on Friday, November 3rd. Finally, Zacks Investment Research raised Cedar Realty Trust from a “hold” rating to a “buy” rating and set a $6.50 target price for the company in a research report on Tuesday, November 7th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. Cedar Realty Trust currently has a consensus rating of “Hold” and an average target price of $5.94.
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Cedar Realty Trust 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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