The Pres. & Chief Exec. Officer of Cedar Realty Trust (CDR) is Selling Shares

Yesterday, the Pres. & Chief Exec. Officer of Cedar Realty Trust (NYSE: CDR), Bruce Schanzer, sold shares of CDR for $133.5K.

This is Schanzer’s first Sell trade following 15 Buy transactions.

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Based on Cedar Realty Trust’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $37.43 million and GAAP net loss of $16.89 million. In comparison, last year the company earned revenue of $35.27 million and had a net profit of $11.42 million. Currently, Cedar Realty Trust has an average volume of 999.7K.

Three different firms, including Merrill Lynch and KeyBanc, currently also have a Sell rating on the stock.

Bruce Schanzer’s trades have generated a 5.9% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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Cedar Realty Trust, Inc. operates as a real estate investment trust, which engages in the ownership and operation of grocery-anchored shopping centers. It also involves in the real estate investment activities which include acquisition, ownership, and leasing of retail shopping centers.