Cedar Realty Trust, Inc. (CDR) Files Form 4 Insider Selling : Philip Mays Sells 25,000 Shares

Cedar Realty Trust, Inc. (CDR): Philip Mays , Chief Financial Officer of Cedar Realty Trust, Inc. sold 25,000 shares on Sep 12, 2016. The Insider selling transaction was reported by the company on Sep 14, 2016 to the Securities and Exchange Commission. The shares were sold at $7.50 per share for a total value of $187,507.50 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 18, 2016, Bruce J Schanzer (Pres. & Chief Exec. Officer) purchased 1,000 shares at $6.75 per share price.On Aug 27, 2015, Abraham Eisenstat (director) purchased 5,000 shares at $6.15 per share price.Also, On Jun 2, 2015, James J Burns (director) sold 15,000 shares at $6.83 per share price.

Shares of Cedar Realty Trust Inc (CDR) ended Monday, Sep 12, 2016 session in red amid volatile trading. The shares closed down -0.08 points or -1.06% at $7.47 with 888,561 shares getting traded. Post opening the session at $7.51, the shares hit an intraday low of $7.38 and an intraday high of $7.57 and the price vacillated in this range throughout the day. The company has a market cap of $637 M and the number of outstanding shares has been calculated to be 85,340,790 shares. The 52-week high of Cedar Realty Trust Inc is $8.08 and the 52-week low is $6.

Cedar Realty Trust Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Cedar Realty Trust Inc is Reiterated by Wunderlich to Buy and the brokerage firm has raised the Price Target to $ 8.50 from a previous price target of $8 .The Rating was issued on Aug 8, 2016.

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.

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