Cedar Realty Trust Inc. (CDR) Director Buys $31,050.00 in Stock
Cedar Realty Trust Inc. (NYSE:CDR) Director Abraham Eisenstat purchased 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 8th. The shares were purchased at an average cost of $6.21 per share, for a total transaction of $31,050.00. Following the completion of the purchase, the director now owns 41,782 shares in the company, valued at approximately $259,466.22. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Abraham Eisenstat also recently made the following trade(s):
- On Monday, November 7th, Abraham Eisenstat purchased 10,000 shares of Cedar Realty Trust stock. The shares were purchased at an average cost of $6.29 per share, for a total transaction of $62,900.00.
Shares of Cedar Realty Trust Inc. (NYSE:CDR) opened at 6.46 on Monday. The stock has a 50 day moving average price of $6.82 and a 200 day moving average price of $7.21. Cedar Realty Trust Inc. has a 52 week low of $5.92 and a 52 week high of $8.08. The stock’s market capitalization is $530.06 million.
Cedar Realty Trust (NYSE:CDR) last released its quarterly earnings data on Thursday, November 3rd. The real estate investment trust reported $0.15 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.01. The firm had revenue of $37.79 million for the quarter, compared to the consensus estimate of $37.33 million. Cedar Realty Trust had a return on equity of 3.26% and a net margin of 8.46%. The company’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.14 earnings per share. On average, equities research analysts expect that Cedar Realty Trust Inc. will post ($0.05) EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, November 21st. Investors 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 3.10%. Cedar Realty Trust’s payout ratio is presently -666.44%.
A number of research analysts recently weighed in on CDR shares. Zacks Investment Research downgraded Cedar Realty Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, October 5th. Wunderlich lowered their price objective on Cedar Realty Trust from $8.50 to $7.75 and set a “buy” rating for the company in a research note on Monday, November 7th.
Several hedge funds have recently bought and sold shares of CDR. SG Americas Securities LLC acquired a new stake in Cedar Realty Trust during the third quarter valued at about $103,000. Mizuho Trust & Banking Co. Ltd. boosted 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 during the last quarter. Mason Street Advisors LLC acquired a new stake in Cedar Realty Trust during the second quarter valued at about $109,000. Guggenheim Capital LLC boosted its stake in 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 valued at $109,000 after buying an additional 1,393 shares during the last quarter. Finally, Fox Run Management L.L.C. acquired a new stake in Cedar Realty Trust during the second quarter valued at about $126,000. 98.44% of the stock is currently owned by institutional investors.
Cedar Realty Trust Company Profile
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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