State of Tennessee Treasury Department held its position in Cedar Realty Trust, Inc. (NYSE:CDR) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 69,475 shares of the real estate investment trust’s stock at the end of the 2nd quarter. State of Tennessee Treasury Department owned approximately 0.08% of Cedar Realty Trust worth $337,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Principal Financial Group Inc. boosted its position in Cedar Realty Trust by 0.4% in the 2nd quarter. Principal Financial Group Inc. now owns 593,775 shares of the real estate investment trust’s stock valued at $2,879,000 after buying an additional 2,450 shares during the period. IndexIQ Advisors LLC grew its stake in shares of Cedar Realty Trust by 11.9% in the second quarter. IndexIQ Advisors LLC now owns 99,024 shares of the real estate investment trust’s stock worth $480,000 after acquiring an additional 10,497 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of Cedar Realty Trust by 31.8% in the second quarter. Victory Capital Management Inc. now owns 270,700 shares of the real estate investment trust’s stock worth $1,313,000 after acquiring an additional 65,258 shares in the last quarter. Virginia Retirement Systems ET AL grew its stake in shares of Cedar Realty Trust by 439.0% in the second quarter. Virginia Retirement Systems ET AL now owns 76,000 shares of the real estate investment trust’s stock worth $369,000 after acquiring an additional 61,900 shares in the last quarter. Finally, Marshall Wace North America L.P. acquired a new position in shares of Cedar Realty Trust in the second quarter worth $199,000. Institutional investors own 92.21% of the company’s stock.

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CDR has been the topic of a number of recent research reports. ValuEngine raised Cedar Realty Trust from a “hold” rating to a “buy” rating in a research report on Monday. BidaskClub lowered Cedar Realty Trust from a “buy” rating to a “hold” rating in a report on Wednesday, August 16th. Zacks Investment Research lowered Cedar Realty Trust from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. FBR & Co lifted their target price on Cedar Realty Trust from $5.75 to $6.25 and gave the company an “outperform” rating in a report on Tuesday, August 8th. Finally, Boenning Scattergood set a $5.00 target price on Cedar Realty Trust and gave the stock a “sell” rating in a research note on Monday, August 7th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. Cedar Realty Trust has an average rating of “Hold” and an average price target of $6.15.

Cedar Realty Trust, Inc. (NYSE:CDR) opened at 5.68 on Tuesday. The firm’s market cap is $466.88 million. The firm’s 50-day moving average is $5.17 and its 200 day moving average is $5.14. Cedar Realty Trust, Inc. has a 12-month low of $4.70 and a 12-month high of $7.21.

Cedar Realty Trust (NYSE:CDR) last issued its earnings results on Friday, August 4th. The real estate investment trust reported ($0.10) earnings per share for the quarter, missing the Thomson Reuters’ 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 during the quarter, compared to analysts’ expectations of $35.97 million. During the same period in the previous year, the company earned $0.15 EPS. Cedar Realty Trust’s quarterly revenue was down 5.7% on a year-over-year basis. Equities research analysts predict that Cedar Realty Trust, Inc. will post $0.06 EPS for the current year.

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).

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

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