Squarepoint Ops LLC purchased a new stake in Cedar Realty Trust Inc (NYSE:CDR) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 81,895 shares of the real estate investment trust’s stock, valued at approximately $257,000. Squarepoint Ops LLC owned 0.09% of Cedar Realty Trust at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in CDR. Man Group plc increased its stake in shares of Cedar Realty Trust by 1,670.7% in the third quarter. Man Group plc now owns 1,574,551 shares of the real estate investment trust’s stock valued at $7,337,000 after purchasing an additional 1,485,629 shares during the period. BlackRock Inc. increased its stake in shares of Cedar Realty Trust by 10.6% in the third quarter. BlackRock Inc. now owns 13,450,470 shares of the real estate investment trust’s stock valued at $62,679,000 after purchasing an additional 1,287,427 shares during the period. D. E. Shaw & Co. Inc. acquired a new stake in shares of Cedar Realty Trust in the fourth quarter valued at approximately $1,352,000. WINTON GROUP Ltd acquired a new stake in shares of Cedar Realty Trust in the fourth quarter valued at approximately $1,176,000. Finally, Freestone Capital Holdings LLC increased its stake in shares of Cedar Realty Trust by 286.1% in the fourth quarter. Freestone Capital Holdings LLC now owns 390,582 shares of the real estate investment trust’s stock valued at $1,227,000 after purchasing an additional 289,433 shares during the period. Institutional investors own 90.26% of the company’s stock.
NYSE CDR opened at $3.18 on Wednesday. Cedar Realty Trust Inc has a 12 month low of $2.73 and a 12 month high of $5.34. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.57. The company has a market cap of $285.85 million, a P/E ratio of 5.48 and a beta of 1.04.
Cedar Realty Trust (NYSE:CDR) last posted its quarterly earnings data on Thursday, February 7th. The real estate investment trust reported $0.02 EPS for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.11). Cedar Realty Trust had a net margin of 2.56% and a return on equity of 0.96%. The company had revenue of $36.93 million for the quarter, compared to analyst estimates of $35.99 million. Sell-side analysts predict that Cedar Realty Trust Inc will post 0.45 EPS for the current fiscal year.
Separately, Zacks Investment Research lowered shares of Cedar Realty Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, March 27th. One analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $5.00.
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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.
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