Insider Buying: Cedar Realty Trust Insider Purchases 3,000 Shares of Stock (CDR)
Cedar Realty Trust (NYSE:CDR) Insider Bruce J. Schanzer purchased 3,000 shares of Cedar Realty Trust stock on the open market in a transaction that occurred on Friday, June 13th. The shares were purchased at an average cost of $5.99 per share, with a total value of $17,970.00. Following the acquisition, the insider now directly owns 2,610,000 shares of the company’s stock, valued at approximately $15,633,900. The transaction was disclosed in a filing with the SEC, which is available at this link.
Cedar Realty Trust (NYSE:CDR) opened at 6.04 on Tuesday. Cedar Realty Trust has a 52 week low of $4.75 and a 52 week high of $6.79. The stock’s 50-day moving average is $6.13 and its 200-day moving average is $6.16. The company’s market cap is $458.2 million.
Cedar Realty Trust (NYSE:CDR) last posted its quarterly earnings results on Tuesday, May 6th. The company reported ($0.03) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.02) by $0.01. On average, analysts predict that Cedar Realty Trust will post $0.06 earnings per share for the current fiscal year.
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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