US stock futures steady after Wall St soars on dovish Powell; Nvidia earnings due
Gary Skoien, a director at Cedar Realty Trust (NYSE:CDR), recently sold 1,270 shares of the company’s 6.50% Series C Cumulative Redeemable Preferred Stock. The transaction, which took place on March 27, 2025, was part of a tender offer by Cedar Realty Trust. Skoien sold the shares at a price of $16.25 each, amounting to a total sale value of $20,637. The company’s common stock has faced challenges, with a 58% decline over the past year and currently trades at $0.01. According to InvestingPro analysis, the company shows a Weak financial health score of 1.7.
Following this transaction, Skoien retains ownership of 2,137 shares of the Series C Preferred Stock. The tender offer, announced by Cedar Realty Trust in February, aimed to purchase up to $9.5 million worth of its Series C and Series B Cumulative Redeemable Preferred Stocks. The offer expired on March 21, 2025, and resulted in the company purchasing 655,883 Series C shares, including those sold by Skoien. With a market capitalization of just $1.77 million, Cedar Realty Trust faces significant challenges. For deeper insights into CDR’s financial position and future prospects, access the comprehensive Pro Research Report available on InvestingPro.
In other recent news, CD Projekt reported its third-quarter 2023 earnings, revealing group sales revenue of PLN 985 million. The revenue was primarily driven by its flagship game "Cyberpunk 2077" and its expansion "Phantom Liberty," which together sold over 38 million copies. Despite a slight decrease in net profit, the company increased its cash reserves to PLN 1,472 million. CD Projekt announced a new dividend policy, planning to distribute a minimum of 25% of net profit starting in 2025. The company also shared that "The Witcher 4" has entered full-scale production with over 400 developers involved. Additionally, CD Projekt is expanding its development workforce and integrating the Molasses Flock team to enhance its capabilities. The company is also exploring new intellectual properties and animation projects with Netflix (NASDAQ:NFLX). Barclays (LON:BARC) analyst Nick Dempsey inquired about the expected release date for "The Witcher 4," with CD Projekt confirming it will not launch before 2027.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.