Wall Street analysts expect Cedar Realty Trust Inc (NYSE:CDR) to post earnings of $0.11 per share for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Cedar Realty Trust’s earnings. Cedar Realty Trust posted earnings per share of $0.13 during the same quarter last year, which indicates a negative year over year growth rate of 15.4%. The firm is scheduled to issue its next earnings results after the market closes on Thursday, May 2nd.
On average, analysts expect that Cedar Realty Trust will report full-year earnings of $0.45 per share for the current year, with EPS estimates ranging from $0.45 to $0.46. For the next fiscal year, analysts anticipate that the firm will report earnings of $0.45 per share, with EPS estimates ranging from $0.43 to $0.47. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Cedar Realty Trust.
Cedar Realty Trust (NYSE:CDR) last posted its quarterly earnings data on Thursday, February 7th. The real estate investment trust reported $0.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.11). The company had revenue of $36.93 million for the quarter, compared to analyst estimates of $35.99 million. Cedar Realty Trust had a return on equity of 0.96% and a net margin of 2.56%.
Separately, Zacks Investment Research downgraded Cedar Realty Trust from a “hold” rating to a “sell” rating in a report on Monday, December 24th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $5.00.
NYSE CDR remained flat at $$3.12 on Monday. The company’s stock had a trading volume of 413,600 shares, compared to its average volume of 363,461. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.57. The firm has a market cap of $277.84 million, a P/E ratio of 5.38 and a beta of 1.04. Cedar Realty Trust has a 12-month low of $2.73 and a 12-month high of $5.34.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 20th. Shareholders of record on Friday, May 10th will be issued a dividend of $0.05 per share. The ex-dividend date is Thursday, May 9th. This represents a $0.20 annualized dividend and a yield of 6.41%. Cedar Realty Trust’s payout ratio is presently 34.48%.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Foundry Partners LLC raised its holdings in Cedar Realty Trust by 6.3% during the 1st quarter. Foundry Partners LLC now owns 1,308,915 shares of the real estate investment trust’s stock worth $4,450,000 after buying an additional 77,475 shares during the period. Nisa Investment Advisors LLC acquired a new stake in Cedar Realty Trust during the 1st quarter worth about $100,000. Deutsche Bank AG raised its holdings in Cedar Realty Trust by 93.3% during the 4th quarter. Deutsche Bank AG now owns 350,921 shares of the real estate investment trust’s stock worth $1,099,000 after buying an additional 169,384 shares during the period. OMERS ADMINISTRATION Corp acquired a new stake in Cedar Realty Trust during the 4th quarter worth about $80,000. Finally, FMR LLC raised its holdings in Cedar Realty Trust by 8.6% during the 4th quarter. FMR LLC now owns 4,140,727 shares of the real estate investment trust’s stock worth $13,002,000 after buying an additional 328,844 shares during the period. Hedge funds and other institutional investors own 90.26% of the company’s stock.
About Cedar Realty Trust
Cedar Realty Trust, Inc is a fully-integrated real estate investment trust which focuses on the ownership, operation and redevelopment of grocery-anchored shopping centers in high-density urban markets from Washington, DC to Boston. The Company's portfolio (excluding properties treated as "held for sale") comprises 58 properties, with approximately 8.7 million square feet of gross leasable area.
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