Sumitomo Mitsui Trust Holdings Inc. Has $324,000 Position in Cedar Realty Trust, Inc. (CDR)

Sumitomo Mitsui Trust Holdings Inc. continued to hold its position in shares of Cedar Realty Trust, Inc. (NYSE:CDR) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,718 shares of the real estate investment trust’s stock at the end of the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. owned about 0.08% of Cedar Realty Trust worth $324,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Arizona State Retirement System boosted 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 worth $192,000 after acquiring an additional 100 shares in the last quarter. Great West Life Assurance Co. Can lifted its stake in Cedar Realty Trust by 0.3% in the 1st quarter. Great West Life Assurance Co. Can now owns 138,180 shares of the real estate investment trust’s stock valued at $693,000 after buying an additional 386 shares in the last quarter. Louisiana State Employees Retirement System lifted its stake in Cedar Realty Trust by 1.6% in the 1st quarter. Louisiana State Employees Retirement System now owns 31,000 shares of the real estate investment trust’s stock valued at $156,000 after buying an additional 500 shares in the last quarter. Bank of Montreal Can lifted its stake in Cedar Realty Trust by 2.1% in the 1st quarter. Bank of Montreal Can now owns 24,850 shares of the real estate investment trust’s stock valued at $125,000 after buying an additional 504 shares in the last quarter. Finally, Texas Permanent School Fund lifted its stake in Cedar Realty Trust by 1.0% in 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 in the last quarter. 92.21% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have commented on CDR. BidaskClub downgraded shares of Cedar Realty Trust from a “buy” rating to a “hold” rating in a report on Wednesday, August 16th. Zacks Investment Research upgraded shares of Cedar Realty Trust from a “hold” rating to a “buy” rating and set a $5.75 price target for the company in a report on Wednesday, July 5th. FBR & Co raised their price target on shares of Cedar Realty Trust from $5.75 to $6.25 and gave the stock an “outperform” rating in a report on Tuesday, August 8th. Boenning Scattergood set a $5.00 price target on shares of Cedar Realty Trust and gave the stock a “sell” rating in a report on Monday, August 7th. Finally, ValuEngine cut shares of Cedar Realty Trust from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $6.15.

In other Cedar Realty Trust news, Director Paul G. Kirk, Jr. sold 9,759 shares of Cedar Realty Trust stock in a transaction on Wednesday, June 21st. The shares were sold at an average price of $4.88, for a total transaction of $47,623.92. Following the sale, the director now owns 75,874 shares in the company, valued at $370,265.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 4.50% of the company’s stock.

Shares of Cedar Realty Trust, Inc. (NYSE:CDR) opened at 5.21 on Friday. The stock’s 50 day moving average is $5.12 and its 200 day moving average is $5.14. Cedar Realty Trust, Inc. has a 52-week low of $4.70 and a 52-week high of $7.56. The stock’s market capitalization is $428.25 million.

Cedar Realty Trust (NYSE:CDR) last announced its earnings results on Friday, August 4th. The real estate investment trust reported ($0.10) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.24). Cedar Realty Trust had a return on equity of 2.49% and a net margin of 6.58%. The company had revenue of $35.70 million for the quarter, compared to the consensus estimate of $35.97 million. During the same period last year, the firm posted $0.15 EPS. The company’s revenue was down 5.7% compared to the same quarter last year. Equities research analysts expect that Cedar Realty Trust, Inc. will post $0.06 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, August 21st. Investors of record on Friday, August 11th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 3.84%. The ex-dividend date was Wednesday, August 9th. Cedar Realty Trust’s dividend payout ratio (DPR) is currently -333.28%.

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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).

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

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