Cedar Realty Trust Inc (CDR) was Upgraded by Wunderlich to ” Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 8 from a previous price target of $7.50 . Earlier the firm had a rating of “Hold ” on the company shares. Wunderlich advised their investors in a research report released on May 10, 2016.
Cedar Realty Trust Inc closed down -0.15 points or -2.13% at $6.89 with 2,77,825 shares getting traded on Friday. Post opening the session at $6.97, the shares hit an intraday low of $6.75 and an intraday high of $7.06 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on Sep 3, 2015, Bruce J Schanzer (Pres. & Chief Exec. Officer) purchased 2,000 shares at $6.00 per share price. According to the SEC, on Aug 27, 2015, Abraham Eisenstat (director) purchased 5,000 shares at $6.15 per share price. On Jun 2, 2015, James J Burns (director) sold 15,000 shares at $6.83 per share price, according to the Form-4 filing with the securities and exchange commission.
Cedar Realty Trust Inc. is a real estate investment trust. The Company owns and operates grocery-anchored shopping centers straddling the Washington DC to Boston corridor. It owns and manages a portfolio of approximately 59 operating properties totaling approximately 9.2 million square feet of gross leasable area (GLA). The Company’s portfolio is around 93.3% leased and 92.9% occupied. It has a portfolio of around 26 properties in Pennsylvania eight properties in Massachusetts seven properties in Connecticut six properties in Maryland eight properties in Virginia three properties in New Jersey and one property in New York. Its property portfolio includes Big Y Shopping Center Groton Shopping Center New London Washington Center Shoppes Norwood Shopping Center Fieldstone Marketplace and Yorktowne Plaza among others. It conducts all of its businesses through the Cedar Realty Trust Partnership L.P (Operating Partnership). It holds around 99.5% of the Operating Partnership.