Cedar Realty Trust (CDR) Trading 5.2% Higher
Cedar Realty Trust Inc (NYSE:CDR)’s share price traded up 5.2% on Thursday . The stock traded as high as $3.65 and last traded at $3.62. 510,915 shares were traded during mid-day trading, an increase of 13% from the average session volume of 451,903 shares. The stock had previously closed at $3.44.
Several equities analysts recently weighed in on the stock. Zacks Investment Research cut shares of Cedar Realty Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, November 7th. ValuEngine raised shares of Cedar Realty Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, October 30th. Finally, B. Riley reissued a “buy” rating on shares of Cedar Realty Trust in a research note on Tuesday, November 13th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. Cedar Realty Trust has an average rating of “Hold” and a consensus target price of $5.38.
The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.52. The stock has a market capitalization of $313.76 million, a P/E ratio of 6.58 and a beta of 0.89.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 20th. Stockholders of record on Friday, November 9th were given a $0.05 dividend. The ex-dividend date of this dividend was Thursday, November 8th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 5.52%. Cedar Realty Trust’s payout ratio is presently 36.36%.
In other Cedar Realty Trust news, insider Bruce J. Schanzer bought 10,840 shares of Cedar Realty Trust stock in a transaction dated Tuesday, November 27th. The stock was bought at an average price of $3.40 per share, with a total value of $36,856.00. Following the completion of the transaction, the insider now owns 2,111,393 shares in the company, valued at approximately $7,178,736.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 4.41% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its stake in Cedar Realty Trust by 1.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,376,694 shares of the real estate investment trust’s stock valued at $6,498,000 after purchasing an additional 19,990 shares in the last quarter. SG Americas Securities LLC raised its stake in Cedar Realty Trust by 395.5% in the second quarter. SG Americas Securities LLC now owns 74,070 shares of the real estate investment trust’s stock valued at $350,000 after purchasing an additional 59,121 shares in the last quarter. Chicago Equity Partners LLC acquired a new position in Cedar Realty Trust in the second quarter valued at about $2,276,000. BlackRock Inc. raised its stake in Cedar Realty Trust by 0.6% in the second quarter. BlackRock Inc. now owns 12,163,043 shares of the real estate investment trust’s stock valued at $57,409,000 after purchasing an additional 73,036 shares in the last quarter. Finally, Victory Capital Management Inc. raised its stake in Cedar Realty Trust by 7.1% in the second quarter. Victory Capital Management Inc. now owns 350,700 shares of the real estate investment trust’s stock valued at $1,656,000 after purchasing an additional 23,206 shares in the last quarter. 91.83% of the stock is owned by institutional investors.
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Cedar Realty Trust Company Profile (NYSE:CDR)
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.
See Also: Leveraged Buyout (LBO)
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