Abraham Eisenstat Buys 10,000 Shares of Cedar Realty Trust Inc. (CDR) Stock
Cedar Realty Trust Inc. (NYSE:CDR) Director Abraham Eisenstat purchased 10,000 shares of the business’s stock in a transaction on Monday, November 7th. The stock was purchased at an average price of $6.29 per share, with a total value of $62,900.00. Following the purchase, the director now owns 36,782 shares of the company’s stock, valued at $231,358.78. The purchase was disclosed in a legal filing with the SEC, which is available through this link.
Abraham Eisenstat also recently made the following trade(s):
- On Tuesday, November 8th, Abraham Eisenstat purchased 5,000 shares of Cedar Realty Trust stock. The stock was purchased at an average price of $6.21 per share, with a total value of $31,050.00.
Cedar Realty Trust Inc. (NYSE:CDR) opened at 6.33 on Thursday. The stock has a 50 day moving average of $6.87 and a 200 day moving average of $7.22. The company’s market capitalization is $519.39 million. Cedar Realty Trust Inc. has a 12 month low of $5.92 and a 12 month high of $8.08.
Cedar Realty Trust (NYSE:CDR) last released its quarterly earnings data on Thursday, November 3rd. The real estate investment trust reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.01. The company earned $37.79 million during the quarter, compared to analyst estimates of $37.33 million. Cedar Realty Trust had a net margin of 8.46% and a return on equity of 3.26%. Cedar Realty Trust’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.14 EPS. Equities analysts anticipate that Cedar Realty Trust Inc. will post ($0.05) EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 21st. Stockholders of record on Friday, November 11th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, November 8th. This represents a $0.20 annualized dividend and a dividend yield of 3.16%. Cedar Realty Trust’s dividend payout ratio is currently -666.44%.
A number of analysts have commented on CDR shares. Wunderlich cut their price target on shares of Cedar Realty Trust from $8.50 to $7.75 and set a “buy” rating for the company in a research note on Monday. Zacks Investment Research upgraded shares of Cedar Realty Trust from a “sell” rating to a “hold” rating in a research note on Monday, October 17th.
Hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC bought a new stake in Cedar Realty Trust during the third quarter valued at $103,000. Mizuho Trust & Banking Co. Ltd. raised its stake in Cedar Realty Trust by 5.0% in the second quarter. Mizuho Trust & Banking Co. Ltd. now owns 14,520 shares of the real estate investment trust’s stock valued at $108,000 after buying an additional 696 shares in the last quarter. Mason Street Advisors LLC acquired a new stake in shares of Cedar Realty Trust during the second quarter worth approximately $109,000. Guggenheim Capital LLC raised its stake in shares of Cedar Realty Trust by 10.5% in the second quarter. Guggenheim Capital LLC now owns 14,684 shares of the real estate investment trust’s stock worth $109,000 after buying an additional 1,393 shares during the period. Finally, Fox Run Management L.L.C. acquired a new stake in shares of Cedar Realty Trust during the second quarter worth approximately $126,000. Institutional investors own 97.02% of the company’s stock.
About Cedar Realty Trust
Cedar Realty Trust, Inc is a real estate investment trust. The Company focuses on ownership and operation of grocery-anchored shopping centers straddling the Washington District of Columbia (DC) to Boston corridor. The Company focuses its investment activities on grocery-anchored shopping centers. It owns and manages a portfolio of approximately 60 operating properties, including approximately 30 properties in Pennsylvania; over eight properties in Massachusetts; approximately seven properties in Connecticut; over six properties in Maryland; approximately eight properties in Virginia; over three properties in New Jersey, and one property in New York.
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