Cedar Realty Trust (NYSE:CDR) announced its earnings results on Tuesday. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.13, ARN reports.
A number of research firms have recently commented on CDR. Analysts at Zacks downgraded shares of Cedar Realty Trust from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, June 12th. They now have a $6.90 price target on the stock. On the ratings front, analysts at KeyCorp upgraded shares of Cedar Realty Trust from an “underweight” rating to a “hold” rating in a research note to investors on Thursday, May 16th. Finally, analysts at Raymond James upgraded shares of Cedar Realty Trust from a “market perform” rating to an “outperform” rating in a research note to investors on Tuesday, May 14th.
Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $6.38.
Shares of Cedar Realty Trust (NYSE:CDR) traded down 1.67% during mid-day trading on Wednesday, hitting $5.31. Cedar Realty Trust has a one year low of $4.60 and a one year high of $6.83. The stock’s 50-day moving average is currently $5.52. The company has a market cap of $365.2 million and a P/E ratio of 21.09.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, August 20th. Investors of record on Friday, August 9th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 3.67%. The ex-dividend date of this dividend is Wednesday, August 7th.
Cedar Realty Trust, Inc, formerly Cedar Shopping Centers, Inc, is a fully-integrated real estate investment trust (NYSE:CDR), which focuses primarily on ownership and operation of supermarket-anchored shopping centers.
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