Foundry Partners LLC Reduces Stock Holdings in Cedar Realty Trust Inc (NYSE:CDR)

Foundry Partners LLC decreased its stake in Cedar Realty Trust Inc (NYSE:CDR) by 0.8% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,298,825 shares of the real estate investment trust’s stock after selling 10,090 shares during the quarter. Foundry Partners LLC owned about 1.46% of Cedar Realty Trust worth $3,442,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in CDR. Versant Capital Management Inc boosted its holdings in shares of Cedar Realty Trust by 125.9% in the 1st quarter. Versant Capital Management Inc now owns 8,695 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 4,846 shares during the period. Crossmark Global Holdings Inc. bought a new stake in shares of Cedar Realty Trust during the 2nd quarter worth approximately $29,000. BNP Paribas Arbitrage SA lifted its stake in shares of Cedar Realty Trust by 180.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 17,892 shares of the real estate investment trust’s stock worth $61,000 after acquiring an additional 11,502 shares during the last quarter. Municipal Employees Retirement System of Michigan bought a new stake in shares of Cedar Realty Trust during the 4th quarter worth approximately $79,000. Finally, OMERS ADMINISTRATION Corp bought a new stake in shares of Cedar Realty Trust during the 4th quarter worth approximately $80,000. Hedge funds and other institutional investors own 89.60% of the company’s stock.

A number of equities research analysts recently issued reports on CDR shares. ValuEngine lowered Zosano Pharma from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Zacks Investment Research raised DLH from a “sell” rating to a “hold” rating in a research note on Tuesday, July 9th.

NYSE CDR traded up $0.07 on Wednesday, reaching $2.59. 377,039 shares of the stock traded hands, compared to its average volume of 288,844. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.64. The stock’s fifty day simple moving average is $2.61. The company has a market cap of $223.45 million, a P/E ratio of 4.47 and a beta of 0.86. Cedar Realty Trust Inc has a 12 month low of $2.33 and a 12 month high of $4.84.

Cedar Realty Trust (NYSE:CDR) last issued its earnings results on Thursday, May 2nd. The real estate investment trust reported $0.11 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.10. The business had revenue of $36.88 million during the quarter, compared to analyst estimates of $36.57 million. Cedar Realty Trust had a return on equity of 5.85% and a net margin of 15.49%. Equities analysts anticipate that Cedar Realty Trust Inc will post 0.45 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 20th. Shareholders of record on Friday, August 9th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 7.72%. The ex-dividend date is Thursday, August 8th. Cedar Realty Trust’s dividend payout ratio (DPR) is presently 34.48%.

In other Cedar Realty Trust news, insider Bruce J. Schanzer sold 10,000 shares of Cedar Realty Trust stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $3.14, for a total transaction of $31,400.00. Following the completion of the sale, the insider now directly owns 2,272,343 shares of the company’s stock, valued at approximately $7,135,157.02. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 4.51% of the company’s stock.

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 58 properties, with approximately 8.7 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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