Russell Investments Group Ltd. lowered its position in Cedar Realty Trust Inc (NYSE:CDR) by 1.0% during the third quarter, Holdings Channel reports. The institutional investor owned 2,125,899 shares of the real estate investment trust’s stock after selling 21,799 shares during the period. Russell Investments Group Ltd.’s holdings in Cedar Realty Trust were worth $9,907,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in CDR. Millennium Management LLC lifted its holdings in shares of Cedar Realty Trust by 834.7% in 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 last quarter. Municipal Employees Retirement System of Michigan lifted its holdings in shares of Cedar Realty Trust by 40.5% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 43,710 shares of the real estate investment trust’s stock valued at $207,000 after acquiring an additional 12,600 shares during the last quarter. Third Avenue Management LLC lifted its holdings in shares of Cedar Realty Trust by 28.2% in the 2nd quarter. Third Avenue Management LLC now owns 225,328 shares of the real estate investment trust’s stock valued at $1,064,000 after acquiring an additional 49,628 shares during the last quarter. Dupont Capital Management Corp lifted its holdings in shares of Cedar Realty Trust by 48.0% in the 2nd quarter. Dupont Capital Management Corp now owns 288,800 shares of the real estate investment trust’s stock valued at $1,363,000 after acquiring an additional 93,684 shares during the last quarter. Finally, Aperio Group LLC lifted its holdings in shares of Cedar Realty Trust by 71.4% in the 2nd quarter. Aperio Group LLC now owns 156,772 shares of the real estate investment trust’s stock valued at $740,000 after acquiring an additional 65,296 shares during the last quarter. Hedge funds and other institutional investors own 92.71% of the company’s stock.

Shares of NYSE:CDR opened at $3.65 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.52. 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 $342.94 million, a P/E ratio of 6.37 and a beta of 0.90.

Cedar Realty Trust (NYSE:CDR) last announced its quarterly earnings data on Thursday, November 1st. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.10. The business had revenue of $36.17 million during the quarter, compared to the consensus estimate of $36.41 million. Cedar Realty Trust had a net margin of 3.16% and a return on equity of 1.17%. On average, sell-side analysts forecast that Cedar Realty Trust Inc will post 0.58 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 20th. Shareholders of record on Friday, November 9th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 5.48%. The ex-dividend date is Thursday, November 8th. Cedar Realty Trust’s payout ratio is currently 36.36%.

A number of research analysts recently commented on the stock. B. Riley reaffirmed a “buy” rating on shares of Cedar Realty Trust in a report on Tuesday. Zacks Investment Research downgraded shares of Cedar Realty Trust from a “hold” rating to a “sell” rating in a report on Tuesday. ValuEngine raised shares of Cedar Realty Trust from a “sell” rating to a “hold” rating in a report on Tuesday, October 30th. Finally, TheStreet raised shares of Cedar Realty Trust from a “d+” rating to a “c-” rating in a report on Friday, August 3rd. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. Cedar Realty Trust has an average rating of “Hold” and a consensus price target of $5.38.

TRADEMARK VIOLATION NOTICE: This report was posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this report on another publication, it was illegally copied and reposted in violation of US and international trademark & copyright laws. The original version of this report can be viewed at https://www.thecerbatgem.com/2018/11/16/russell-investments-group-ltd-reduces-stake-in-cedar-realty-trust-inc-cdr.html.

Cedar Realty Trust Company 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.

Read More: Book Value Per Share – BVPS

Want to see what other hedge funds are holding CDR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cedar Realty Trust Inc (NYSE:CDR).

Institutional Ownership by Quarter for Cedar Realty Trust (NYSE:CDR)

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