BNP Paribas Arbitrage SA grew its holdings in shares of Cedar Realty Trust Inc (NYSE:CDR) by 30.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 72,159 shares of the real estate investment trust’s stock after purchasing an additional 16,896 shares during the period. BNP Paribas Arbitrage SA owned approximately 0.08% of Cedar Realty Trust worth $406,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of the company. Arizona State Retirement System raised its stake in shares of Cedar Realty Trust by 0.3% during the 2nd quarter. Arizona State Retirement System now owns 39,683 shares of the real estate investment trust’s stock valued at $192,000 after buying an additional 100 shares during the last quarter. Texas Permanent School Fund raised its stake in shares of Cedar Realty Trust by 1.0% during the 2nd quarter. Texas Permanent School Fund now owns 55,584 shares of the real estate investment trust’s stock valued at $270,000 after buying an additional 542 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Cedar Realty Trust by 1.7% during the 2nd quarter. Wells Fargo & Company MN now owns 59,280 shares of the real estate investment trust’s stock valued at $288,000 after buying an additional 1,012 shares during the last quarter. M&T Bank Corp raised its stake in shares of Cedar Realty Trust by 0.9% during the 2nd quarter. M&T Bank Corp now owns 126,238 shares of the real estate investment trust’s stock valued at $613,000 after buying an additional 1,182 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its position in shares of Cedar Realty Trust by 0.3% during the 2nd quarter. Russell Investments Group Ltd. now owns 541,799 shares of the real estate investment trust’s stock valued at $2,628,000 after acquiring an additional 1,621 shares during the period. Hedge funds and other institutional investors own 92.64% of the company’s stock.
A number of equities research analysts have recently commented on the company. Zacks Investment Research upgraded Cedar Realty Trust from a “hold” rating to a “buy” rating and set a $7.00 target price on the stock in a research report on Tuesday, December 19th. Raymond James Financial reiterated a “hold” rating on shares of Cedar Realty Trust in a report on Thursday, December 14th. ValuEngine upgraded Cedar Realty Trust from a “hold” rating to a “buy” rating in a report on Friday, December 15th. Boenning Scattergood set a $5.00 price objective on Cedar Realty Trust and gave the stock a “sell” rating in a report on Tuesday, November 28th. Finally, B. Riley reissued a “buy” rating on shares of Cedar Realty Trust in a research note on Wednesday, November 1st. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. Cedar Realty Trust has a consensus rating of “Hold” and an average target price of $6.06.
Cedar Realty Trust Inc (NYSE CDR) traded up $0.08 during mid-day trading on Tuesday, hitting $6.16. 632,184 shares of the stock traded hands, compared to its average volume of 766,750. The stock has a market cap of $563.42, a price-to-earnings ratio of -88.00 and a beta of 0.96. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.49. Cedar Realty Trust Inc has a 1 year low of $4.70 and a 1 year high of $6.79.
Cedar Realty Trust (NYSE:CDR) last announced its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.01. The company had revenue of $36.40 million for the quarter, compared to analyst estimates of $35.31 million. Cedar Realty Trust had a return on equity of 4.18% and a net margin of 11.42%. The firm’s quarterly revenue was down 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.15 earnings per share. sell-side analysts forecast that Cedar Realty Trust Inc will post 0.55 EPS for the current fiscal year.
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About Cedar Realty Trust
Cedar Realty Trust, Inc is a real estate investment trust (REIT). The Company focuses on ownership and operation of grocery-anchored shopping centers straddling the Washington District of Columbia (DC) to Boston corridor. As of December 31, 2016, the Company owned and managed a portfolio of 61 operating properties (excluding properties held for sale) totaling approximately 9.1 million square feet of gross leasable area (GLA).
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