Cedar Realty Trust Inc (CDR) Director Abraham Eisenstat Purchase 10,000 Shares of Shares

Cedar Realty Trust Inc (CDR) Director Abraham Eisenstat Purchase 10,000 Shares of Shares

Cedar Realty Trust Inc (NYSE:CDR) Director Abraham Eisenstat purchased 10,000 shares of the stock in a transaction dated Thursday, March 23rd. The shares were purchased at an average cost of $5.08 per share, for a total transaction of $50,800.00. Following the transaction, the director now owns 61,541 shares in the company, valued at approximately $312,628.28. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

Shares of Cedar Realty Trust Inc (NYSE:CDR) traded up 2.04% during mid-day trading on Tuesday, reaching $4.99. 239,164 shares of the company’s stock were exchanged. The stock has a 50 day moving average price of $5.60 and a 200 day moving average price of $6.37. Cedar Realty Trust Inc has a 52 week low of $4.86 and a 52 week high of $8.08. The stock’s market cap is $409.44 million.

Cedar Realty Trust (NYSE:CDR) last announced its quarterly earnings results on Thursday, February 23rd. The real estate investment trust reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.13. Cedar Realty Trust had a return on equity of 3.26% and a net margin of 8.46%. The business earned $37.17 million during the quarter, compared to analysts’ expectations of $36.43 million. During the same quarter last year, the business posted $0.14 earnings per share. The business’s revenue for the quarter was down 1.5% on a year-over-year basis. Equities research analysts predict that Cedar Realty Trust Inc will post $0.10 EPS for the current year.

A number of research analysts have commented on CDR shares. TheStreet cut shares of Cedar Realty Trust from a “c” rating to a “d+” rating in a research report on Thursday, February 23rd. Zacks Investment Research raised shares of Cedar Realty Trust from a “hold” rating to a “buy” rating and set a $7.50 target price on the stock in a research report on Monday, January 9th. KeyCorp cut shares of Cedar Realty Trust to an “overweight” rating in a research report on Thursday, December 15th. Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of Cedar Realty Trust in a research report on Monday, January 9th. Finally, Robert W. Baird raised shares of Cedar Realty Trust from a “neutral” rating to an “outperform” rating and decreased their target price for the company from $8.00 to $6.00 in a research report on Monday, March 13th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $6.94.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Fund Advisors boosted its stake in Cedar Realty Trust by 11.0% in the third quarter. BlackRock Fund Advisors now owns 5,759,529 shares of the real estate investment trust’s stock worth $41,469,000 after buying an additional 570,609 shares in the last quarter. State Street Corp boosted its stake in Cedar Realty Trust by 5.6% in the fourth quarter. State Street Corp now owns 2,949,682 shares of the real estate investment trust’s stock worth $19,260,000 after buying an additional 157,339 shares in the last quarter. BlackRock Advisors LLC boosted its stake in Cedar Realty Trust by 0.8% in the third quarter. BlackRock Advisors LLC now owns 1,532,208 shares of the real estate investment trust’s stock worth $11,032,000 after buying an additional 12,147 shares in the last quarter. Rothschild Asset Management Inc. boosted its stake in Cedar Realty Trust by 8.1% in the third quarter. Rothschild Asset Management Inc. now owns 1,170,986 shares of the real estate investment trust’s stock worth $8,431,000 after buying an additional 88,094 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Cedar Realty Trust by 7.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,085,185 shares of the real estate investment trust’s stock worth $7,086,000 after buying an additional 71,436 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

About Cedar Realty Trust

Cedar Realty Trust, Inc is a real estate investment trust. The Company focuses on ownership and operation of grocery-anchored shopping centers straddling the Washington District of Columbia (DC) to Boston corridor. The Company focuses its investment activities on grocery-anchored shopping centers. It owns and manages a portfolio of approximately 60 operating properties, including approximately 30 properties in Pennsylvania; over eight properties in Massachusetts; approximately seven properties in Connecticut; over six properties in Maryland; approximately eight properties in Virginia; over three properties in New Jersey, and one property in New York.

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