Today, the CFO of Cedar Realty Trust (NYSE: CDR), Philip Mays, sold shares of CDR for $114K.
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Based on Cedar Realty Trust’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $41.51 million and quarterly net profit of $9.48 million. In comparison, last year the company earned revenue of $34.41 million and had a GAAP net loss of $4.66 million. Currently, Cedar Realty Trust has an average volume of 352.2K.
Three different firms, including Boenning & Scattergood and Merrill Lynch, currently also have a Sell rating on the stock.
The insider sentiment on Cedar Realty Trust has been negative according to 13 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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Cedar Realty Trust, Inc. operates as a real estate investment trust, which engages in the ownership, operation, and redevelopment of grocery-anchored shopping centers. The firm also maintains property management, construction management and/or leasing offices at several of its shopping-center properties.
