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Cedar Realty Trust (NYSE:CDR) Insider Bruce J. Schanzer purchased 4,000 shares of the stock on the open market in a transaction dated Monday, April 7th. The stock was purchased at an average cost of $5.99 per share, with a total value of $23,960.00. Following the purchase, the insider now directly owns 2,604,000 shares in the company, valued at approximately $15,597,960. The purchase was disclosed in a document filed with the SEC, which is available at this link.

Shares of Cedar Realty Trust (NYSE:CDR) traded down 1.64% during mid-day trading on Monday, hitting $5.98. The stock had a trading volume of 748,210 shares. Cedar Realty Trust has a 1-year low of $4.75 and a 1-year high of $6.83. The stock has a 50-day moving average of $6.19 and a 200-day moving average of $5.92. The company’s market cap is $410.7 million.

Cedar Realty Trust (NYSE:CDR) last announced its earnings results on Tuesday, February 25th. The company reported $0.03 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.05) by $0.08. The company had revenue of $35.17 million for the quarter, compared to the consensus estimate of $35.88 million. On average, analysts predict that Cedar Realty Trust will post $-0.07 earnings per share for the current fiscal year.

Separately, analysts at Wunderlich downgraded shares of Cedar Realty Trust from a “buy” rating to a “hold” rating in a research note on Thursday, February 27th. They now have a $6.75 price target on the stock, down previously from $7.00. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $6.91.

Cedar Realty Trust, Inc, formerly Cedar Shopping Centers, Inc, is a fully-integrated real estate investment trust (NYSE:CDR), which focuses primarily on ownership and operation of supermarket-anchored shopping centers.

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