Cedar Realty Trust Inc (CDR) Shares Bought by Renaissance Technologies LLC

Renaissance Technologies LLC lifted its stake in shares of Cedar Realty Trust Inc (NYSE:CDR) by 52.8% in the fourth quarter, Holdings Channel reports. The fund owned 1,514,800 shares of the real estate investment trust’s stock after acquiring an additional 523,600 shares during the quarter. Renaissance Technologies LLC’s holdings in Cedar Realty Trust were worth $9,210,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Deprince Race & Zollo Inc. lifted its holdings in shares of Cedar Realty Trust by 33.5% during the 4th quarter. Deprince Race & Zollo Inc. now owns 3,331,200 shares of the real estate investment trust’s stock worth $20,254,000 after acquiring an additional 835,507 shares during the last quarter. LSV Asset Management lifted its holdings in shares of Cedar Realty Trust by 17.3% during the 4th quarter. LSV Asset Management now owns 1,623,292 shares of the real estate investment trust’s stock worth $9,869,000 after acquiring an additional 239,400 shares during the last quarter. Boston Partners lifted its holdings in shares of Cedar Realty Trust by 11.9% during the 4th quarter. Boston Partners now owns 1,583,260 shares of the real estate investment trust’s stock worth $9,627,000 after acquiring an additional 168,310 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Cedar Realty Trust by 4.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,262,124 shares of the real estate investment trust’s stock worth $7,093,000 after acquiring an additional 48,864 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Cedar Realty Trust by 1.1% during the 4th quarter. Bank of New York Mellon Corp now owns 1,227,473 shares of the real estate investment trust’s stock worth $7,463,000 after acquiring an additional 13,408 shares during the last quarter. 94.47% of the stock is owned by institutional investors.

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Cedar Realty Trust stock opened at $4.02 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.37. The firm has a market capitalization of $369.43, a price-to-earnings ratio of 7.18 and a beta of 0.89. Cedar Realty Trust Inc has a twelve month low of $3.62 and a twelve month high of $6.29.

Cedar Realty Trust (NYSE:CDR) last posted its quarterly earnings results on Thursday, February 8th. The real estate investment trust reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.11). The business had revenue of $37.14 million during the quarter, compared to the consensus estimate of $37.06 million. Cedar Realty Trust had a return on equity of 4.71% and a net margin of 13.11%. The business’s revenue for the quarter was down .1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.14 earnings per share. equities analysts anticipate that Cedar Realty Trust Inc will post 0.54 EPS for the current fiscal year.

A number of research firms have recently issued reports on CDR. Zacks Investment Research downgraded shares of Cedar Realty Trust from a “hold” rating to a “sell” rating in a report on Wednesday, February 14th. Boenning Scattergood reaffirmed a “sell” rating on shares of Cedar Realty Trust in a report on Monday, February 12th. Robert W. Baird dropped their price objective on shares of Cedar Realty Trust from $7.00 to $6.00 and set an “outperform” rating for the company in a report on Monday, February 12th. B. Riley dropped their price objective on shares of Cedar Realty Trust from $6.50 to $5.50 and set a “buy” rating for the company in a report on Monday, February 12th. Finally, TheStreet downgraded shares of Cedar Realty Trust from a “c” rating to a “d+” rating in a report on Thursday, February 8th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. Cedar Realty Trust has a consensus rating of “Hold” and a consensus price target of $5.75.

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Cedar Realty Trust 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 61 properties, with approximately 9.0 million square feet of gross leasable area.

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

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