Element Capital Management LLC Takes Position in Cedar Realty Trust Inc (CDR)

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Element Capital Management LLC purchased a new position in Cedar Realty Trust Inc (NYSE:CDR) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 53,361 shares of the real estate investment trust’s stock, valued at approximately $210,000. Element Capital Management LLC owned 0.06% of Cedar Realty Trust as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. BlueCrest Capital Management Ltd purchased a new position in Cedar Realty Trust in the fourth quarter worth $102,000. Arrowstreet Capital Limited Partnership purchased a new position in Cedar Realty Trust in the fourth quarter worth $118,000. Stevens Capital Management LP purchased a new position in Cedar Realty Trust in the first quarter worth $124,000. Teacher Retirement System of Texas purchased a new position in Cedar Realty Trust in the fourth quarter worth $192,000. Finally, AMP Capital Investors Ltd grew its position in Cedar Realty Trust by 127.3% in the fourth quarter. AMP Capital Investors Ltd now owns 31,839 shares of the real estate investment trust’s stock worth $194,000 after acquiring an additional 17,829 shares in the last quarter. 93.67% of the stock is currently owned by hedge funds and other institutional investors.

Cedar Realty Trust opened at $4.79 on Wednesday, according to MarketBeat Ratings. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.57. Cedar Realty Trust Inc has a 12-month low of $3.54 and a 12-month high of $6.29. The stock has a market cap of $416.18 million, a price-to-earnings ratio of 8.71 and a beta of 0.95.

Cedar Realty Trust (NYSE:CDR) last posted its quarterly earnings results on Thursday, May 3rd. The real estate investment trust reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.29). Cedar Realty Trust had a negative net margin of 6.34% and a negative return on equity of 2.28%. The business had revenue of $37.57 million for the quarter, compared to analysts’ expectations of $36.83 million. sell-side analysts predict that Cedar Realty Trust Inc will post 0.58 earnings per share for the current fiscal year.

In other Cedar Realty Trust news, insider Bruce J. Schanzer sold 30,000 shares of the company’s stock in a transaction dated Tuesday, June 19th. The shares were sold at an average price of $4.46, for a total transaction of $133,800.00. Following the completion of the sale, the insider now directly owns 2,103,593 shares in the company, valued at $9,382,024.78. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 4.41% of the company’s stock.

Several brokerages recently issued reports on CDR. ValuEngine upgraded shares of Cedar Realty Trust from a “sell” rating to a “hold” rating in a research report on Friday, June 1st. Zacks Investment Research upgraded shares of Cedar Realty Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, May 8th. Finally, Boenning Scattergood set a $4.00 target price on shares of Cedar Realty Trust and gave the stock a “sell” rating in a research report on Monday, May 7th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $5.55.

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 59 properties, with approximately 8.7 million square feet of gross leasable area.

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

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