Media stories about Cedar Realty Trust (NYSE:CDR) have been trending somewhat positive this week, according to Accern Sentiment. Accern identifies positive and negative news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Cedar Realty Trust earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned media headlines about the real estate investment trust an impact score of 46.4408271414173 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the news stories that may have effected Accern Sentiment’s analysis:
A number of research analysts recently issued reports on CDR shares. FBR & Co boosted their price target on Cedar Realty Trust from $5.75 to $6.25 and gave the company an “outperform” rating in a report on Tuesday, August 8th. BidaskClub downgraded Cedar Realty Trust from a “buy” rating to a “hold” rating in a report on Wednesday, August 16th. B. Riley restated a “buy” rating on shares of Cedar Realty Trust in a report on Wednesday, November 1st. KeyCorp restated a “hold” rating on shares of Cedar Realty Trust in a report on Friday, November 3rd. Finally, Zacks Investment Research upgraded Cedar Realty Trust from a “hold” rating to a “buy” rating and set a $6.50 target price on the stock in a report on Tuesday, November 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. Cedar Realty Trust has a consensus rating of “Hold” and an average price target of $5.81.
Cedar Realty Trust (NYSE:CDR) opened at $5.93 on Friday. Cedar Realty Trust has a twelve month low of $4.70 and a twelve month high of $6.79. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.49. The firm has a market capitalization of $541.51, a P/E ratio of 10.59 and a beta of 0.93.
Cedar Realty Trust (NYSE:CDR) last posted its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.01. Cedar Realty Trust had a return on equity of 4.18% and a net margin of 11.42%. The firm had revenue of $36.40 million for the quarter, compared to the consensus estimate of $35.31 million. During the same quarter in the prior year, the business earned $0.15 EPS. The business’s revenue for the quarter was down 3.7% on a year-over-year basis. sell-side analysts expect that Cedar Realty Trust will post 0.55 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, November 20th. Stockholders of record on Friday, November 10th will be given a $0.05 dividend. The ex-dividend date is Thursday, November 9th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.37%. Cedar Realty Trust’s dividend payout ratio is currently -285.71%.
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About Cedar Realty Trust
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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