Philip Mays Sells 3,500 Shares of Cedar Realty Trust, Inc. (NYSE:CDR) Stock

Cedar Realty Trust, Inc. (NYSE:CDR) CFO Philip Mays sold 3,500 shares of the company’s stock in a transaction that occurred on Tuesday, June 22nd. The stock was sold at an average price of $15.30, for a total transaction of $53,550.00. Following the completion of the sale, the chief financial officer now directly owns 119,549 shares of the company’s stock, valued at $1,829,099.70. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

CDR stock traded down $0.11 on Thursday, hitting $16.50. 436 shares of the company’s stock traded hands, compared to its average volume of 67,143. Cedar Realty Trust, Inc. has a 1-year low of $4.62 and a 1-year high of $16.93. The firm has a market cap of $224.86 million, a PE ratio of -24.73 and a beta of 1.59. The stock’s fifty day moving average is $15.07. The company has a debt-to-equity ratio of 1.90, a quick ratio of 0.49 and a current ratio of 0.49.

Cedar Realty Trust (NYSE:CDR) last released its earnings results on Thursday, May 6th. The real estate investment trust reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.02). Cedar Realty Trust had a net margin of 1.81% and a return on equity of 0.70%. On average, equities analysts expect that Cedar Realty Trust, Inc. will post 2.48 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 20th. Investors of record on Monday, May 10th were paid a dividend of $0.066 per share. This represents a $0.26 annualized dividend and a yield of 1.60%. The ex-dividend date was Friday, May 7th. Cedar Realty Trust’s dividend payout ratio is presently 9.03%.

CDR has been the subject of a number of research analyst reports. TheStreet raised shares of Cedar Realty Trust from a “d+” rating to a “c-” rating in a research note on Friday, March 26th. B. Riley upped their price target on shares of Cedar Realty Trust from $15.00 to $19.00 in a research note on Thursday, March 4th. Finally, Zacks Investment Research raised shares of Cedar Realty Trust from a “strong sell” rating to a “hold” rating in a research note on Tuesday.

Several hedge funds have recently added to or reduced their stakes in CDR. JPMorgan Chase & Co. raised its holdings in shares of Cedar Realty Trust by 54.9% during the first quarter. JPMorgan Chase & Co. now owns 3,068 shares of the real estate investment trust’s stock valued at $46,000 after acquiring an additional 1,087 shares during the period. Squarepoint Ops LLC raised its holdings in shares of Cedar Realty Trust by 16.7% during the first quarter. Squarepoint Ops LLC now owns 14,190 shares of the real estate investment trust’s stock valued at $211,000 after acquiring an additional 2,030 shares during the period. Grantham Mayo Van Otterloo & Co. LLC acquired a new stake in shares of Cedar Realty Trust during the first quarter valued at approximately $243,000. HighTower Advisors LLC raised its holdings in shares of Cedar Realty Trust by 3.8% during the first quarter. HighTower Advisors LLC now owns 31,155 shares of the real estate investment trust’s stock valued at $450,000 after acquiring an additional 1,152 shares during the period. Finally, O Shaughnessy Asset Management LLC raised its holdings in shares of Cedar Realty Trust by 179.6% during the first quarter. O Shaughnessy Asset Management LLC now owns 31,513 shares of the real estate investment trust’s stock valued at $470,000 after acquiring an additional 20,244 shares during the period. Institutional investors and hedge funds own 41.07% of the company’s stock.

About Cedar Realty Trust

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 54 properties, with approximately 8.1 million square feet of gross leasable area.

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