Equities research analysts expect Cedar Realty Trust, Inc. (NYSE:CDR) to announce earnings per share (EPS) of $0.14 for the current quarter, Zacks reports. Four analysts have made estimates for Cedar Realty Trust’s earnings, with the lowest EPS estimate coming in at $0.13 and the highest estimate coming in at $0.14. Cedar Realty Trust also posted earnings per share of $0.14 during the same quarter last year. The business is scheduled to announce its next earnings results on Thursday, November 2nd.
On average, analysts expect that Cedar Realty Trust will report full-year earnings of $0.54 per share for the current fiscal year, with EPS estimates ranging from $0.53 to $0.54. For the next year, analysts anticipate that the business will post earnings of $0.56 per share, with EPS estimates ranging from $0.54 to $0.58. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Cedar Realty Trust.
Cedar Realty Trust (NYSE:CDR) last announced its quarterly earnings data on Friday, August 4th. The real estate investment trust reported ($0.10) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by $0.24. Cedar Realty Trust had a net margin of 6.58% and a return on equity of 2.49%. The firm had revenue of $35.70 million for the quarter, compared to analyst estimates of $35.97 million. During the same quarter in the previous year, the company earned $0.15 EPS. The company’s quarterly revenue was down 5.7% compared to the same quarter last year.
A number of equities research analysts have weighed in on CDR shares. FBR & Co reaffirmed an “outperform” rating and set a $5.75 price objective on shares of Cedar Realty Trust in a report on Tuesday, July 11th. ValuEngine downgraded Cedar Realty Trust from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Zacks Investment Research upgraded shares of Cedar Realty Trust from a “sell” rating to a “hold” rating in a research note on Thursday, May 11th. Boenning Scattergood set a $5.00 target price on shares of Cedar Realty Trust and gave the company a “sell” rating in a research note on Monday. Finally, TheStreet upgraded shares of Cedar Realty Trust from a “d+” rating to a “c” rating in a research note on Friday, May 5th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $6.15.
Shares of Cedar Realty Trust (NYSE CDR) opened at 5.32 on Friday. The firm’s 50-day moving average price is $5.05 and its 200 day moving average price is $5.35. Cedar Realty Trust has a 52 week low of $4.70 and a 52 week high of $7.98. The firm has a market cap of $437.21 million, a PE ratio of 115.65 and a beta of 0.89.
The firm also recently announced a quarterly dividend, which will be paid on Monday, August 21st. Shareholders of record on Friday, August 11th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 3.76%. The ex-dividend date is Wednesday, August 9th. Cedar Realty Trust’s dividend payout ratio is presently -333.28%.
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In other Cedar Realty Trust news, Director Paul G. Kirk, Jr. sold 9,759 shares of Cedar Realty Trust stock in a transaction on Wednesday, June 21st. The shares were sold at an average price of $4.88, for a total transaction of $47,623.92. Following the completion of the sale, the director now owns 75,874 shares of the company’s stock, valued at approximately $370,265.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 4.50% of the stock is currently owned by insiders.
Several institutional investors have recently made changes to their positions in the stock. Independent Portfolio Consultants Inc. raised its position in shares of Cedar Realty Trust by 9.1% in the first quarter. Independent Portfolio Consultants Inc. now owns 20,345 shares of the real estate investment trust’s stock valued at $102,000 after buying an additional 1,705 shares during the period. OppenheimerFunds Inc. raised its position in shares of Cedar Realty Trust by 50.3% in the first quarter. OppenheimerFunds Inc. now owns 22,840 shares of the real estate investment trust’s stock valued at $114,000 after buying an additional 7,648 shares during the period. Credit Agricole S A raised its position in shares of Cedar Realty Trust by 69.0% in the first quarter. Credit Agricole S A now owns 24,425 shares of the real estate investment trust’s stock valued at $123,000 after buying an additional 9,970 shares during the period. Bank of Montreal Can raised its position in shares of Cedar Realty Trust by 2.1% in the first quarter. Bank of Montreal Can now owns 24,850 shares of the real estate investment trust’s stock valued at $125,000 after buying an additional 504 shares during the period. Finally, Louisiana State Employees Retirement System raised its position in shares of Cedar Realty Trust by 1.6% in the first quarter. Louisiana State Employees Retirement System now owns 31,000 shares of the real estate investment trust’s stock valued at $156,000 after buying an additional 500 shares during the period. 97.45% of the stock is owned by institutional investors.
Cedar Realty Trust Company Profile
Cedar Realty Trust, Inc is a real estate investment trust (REIT). The Company focuses on ownership and operation of grocery-anchored shopping centers straddling the Washington District of Columbia (DC) to Boston corridor. As of December 31, 2016, the Company owned and managed a portfolio of 61 operating properties (excluding properties held for sale) totaling approximately 9.1 million square feet of gross leasable area (GLA).
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