Cedar Realty Trust, Inc. (NYSE:CDR) Short Interest Down 31.6% in June

Cedar Realty Trust, Inc. (NYSE:CDRGet Rating) was the target of a significant decline in short interest during the month of June. As of June 15th, there was short interest totalling 433,600 shares, a decline of 31.6% from the May 31st total of 633,800 shares. Based on an average trading volume of 265,700 shares, the days-to-cover ratio is currently 1.6 days. Approximately 3.4% of the company’s stock are sold short.

A number of analysts recently issued reports on the company. TheStreet raised Cedar Realty Trust from a “d+” rating to a “c-” rating in a research report on Friday, April 1st. StockNews.com downgraded Cedar Realty Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, May 25th. Finally, Raymond James cut Cedar Realty Trust from an “outperform” rating to a “market perform” rating in a report on Tuesday, March 8th.

In related news, insider Bruce J. Schanzer sold 25,000 shares of Cedar Realty Trust stock in a transaction dated Tuesday, April 5th. The stock was sold at an average price of $28.00, for a total value of $700,000.00. Following the sale, the insider now owns 378,187 shares of the company’s stock, valued at $10,589,236. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 7.10% of the stock is currently owned by insiders.

A number of institutional investors have recently bought and sold shares of CDR. Dimensional Fund Advisors LP grew its holdings in Cedar Realty Trust by 3.5% during the third quarter. Dimensional Fund Advisors LP now owns 134,313 shares of the real estate investment trust’s stock worth $2,914,000 after purchasing an additional 4,502 shares during the period. Invesco Ltd. boosted its holdings in shares of Cedar Realty Trust by 285.6% during the third quarter. Invesco Ltd. now owns 112,715 shares of the real estate investment trust’s stock worth $2,445,000 after acquiring an additional 83,483 shares during the period. Cubist Systematic Strategies LLC bought a new stake in shares of Cedar Realty Trust during the third quarter worth approximately $321,000. Two Sigma Investments LP boosted its holdings in shares of Cedar Realty Trust by 26.5% during the third quarter. Two Sigma Investments LP now owns 76,647 shares of the real estate investment trust’s stock worth $1,662,000 after acquiring an additional 16,060 shares during the period. Finally, Two Sigma Advisers LP boosted its holdings in shares of Cedar Realty Trust by 18.1% during the third quarter. Two Sigma Advisers LP now owns 87,357 shares of the real estate investment trust’s stock worth $1,895,000 after acquiring an additional 13,400 shares during the period. Institutional investors and hedge funds own 50.80% of the company’s stock.

Cedar Realty Trust stock traded up $0.01 during midday trading on Monday, reaching $28.80. 12,010 shares of the company’s stock were exchanged, compared to its average volume of 243,920. Cedar Realty Trust has a 52 week low of $15.13 and a 52 week high of $28.98. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.62 and a current ratio of 0.62. The firm has a market cap of $392.83 million, a price-to-earnings ratio of -6.39 and a beta of 1.17. The stock’s 50-day simple moving average is $27.09 and its 200 day simple moving average is $26.10.

About Cedar Realty Trust (Get Rating)

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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