Boston Partners Has $5.73 Million Stake in Cedar Realty Trust Inc (CDR)
Boston Partners cut its holdings in shares of Cedar Realty Trust Inc (NYSE:CDR) by 16.8% during the second quarter, HoldingsChannel.com reports. The fund owned 1,213,930 shares of the real estate investment trust’s stock after selling 245,485 shares during the period. Boston Partners’ holdings in Cedar Realty Trust were worth $5,730,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of CDR. Russell Investments Group Ltd. grew its position in shares of Cedar Realty Trust by 44.3% during the 1st quarter. Russell Investments Group Ltd. now owns 2,723,064 shares of the real estate investment trust’s stock valued at $10,729,000 after acquiring an additional 835,786 shares during the period. Schwab Charles Investment Management Inc. grew its position in shares of Cedar Realty Trust by 67.0% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 1,746,827 shares of the real estate investment trust’s stock valued at $6,883,000 after acquiring an additional 700,805 shares during the period. Millennium Management LLC grew its position in shares of Cedar Realty Trust by 834.7% during the 1st quarter. Millennium Management LLC now owns 475,200 shares of the real estate investment trust’s stock valued at $1,872,000 after acquiring an additional 424,360 shares during the period. Systematic Financial Management LP acquired a new stake in shares of Cedar Realty Trust during the 1st quarter valued at about $1,374,000. Finally, Citadel Advisors LLC grew its position in shares of Cedar Realty Trust by 113.9% during the 1st quarter. Citadel Advisors LLC now owns 565,153 shares of the real estate investment trust’s stock valued at $2,227,000 after acquiring an additional 300,884 shares during the period. Hedge funds and other institutional investors own 92.70% of the company’s stock.
Several research firms recently issued reports on CDR. TheStreet upgraded Cedar Realty Trust from a “d+” rating to a “c-” rating in a report on Friday, August 3rd. ValuEngine cut Cedar Realty Trust from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. Zacks Investment Research upgraded Cedar Realty Trust from a “sell” rating to a “hold” rating in a report on Wednesday, August 8th. Finally, Boenning Scattergood set a $4.00 price objective on Cedar Realty Trust and gave the stock a “sell” rating in a report on Monday, May 7th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $5.38.
CDR stock opened at $4.58 on Friday. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.11 and a current ratio of 1.11. Cedar Realty Trust Inc has a 12-month low of $3.54 and a 12-month high of $6.29. The stock has a market capitalization of $405.89 million, a P/E ratio of 8.25 and a beta of 0.87.
Cedar Realty Trust (NYSE:CDR) last posted its quarterly earnings data on Thursday, August 2nd. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.10). Cedar Realty Trust had a return on equity of 1.20% and a net margin of 3.25%. The firm had revenue of $41.35 million during the quarter, compared to analyst estimates of $40.59 million. analysts expect that Cedar Realty Trust Inc will post 0.59 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 20th. Investors of record on Friday, August 10th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 4.37%. The ex-dividend date of this dividend is Thursday, August 9th. Cedar Realty Trust’s payout ratio is 36.36%.
Cedar Realty Trust 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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