Cedar Realty Trust (NYSE:CDR) updated its FY18 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.53 to $0.55 for the period, compared to the Thomson Reuters consensus estimate of $0.57.
Several equities analysts have recently commented on the stock. Zacks Investment Research cut shares of Cedar Realty Trust from a buy rating to a hold rating in a report on Tuesday, January 2nd. Raymond James Financial reaffirmed a hold rating on shares of Cedar Realty Trust in a research note on Thursday, December 14th. ValuEngine raised shares of Cedar Realty Trust from a hold rating to a buy rating in a research note on Friday, December 15th. Boenning Scattergood set a $5.00 price objective on shares of Cedar Realty Trust and gave the company a sell rating in a research note on Tuesday, November 28th. Finally, B. Riley reissued a buy rating on shares of Cedar Realty Trust in a research report on Wednesday, November 1st. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of Hold and an average price target of $5.75.
Cedar Realty Trust (CDR) traded up $0.05 during trading on Friday, reaching $4.13. 421,336 shares of the company’s stock were exchanged, compared to its average volume of 592,541. The firm has a market cap of $374.95, a price-to-earnings ratio of -137.67 and a beta of 0.75. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.72 and a current ratio of 1.00. Cedar Realty Trust has a 52-week low of $4.01 and a 52-week high of $6.29.
Cedar Realty Trust (NYSE:CDR) last announced its quarterly earnings data on Thursday, February 8th. The real estate investment trust reported $0.03 EPS for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.11). The company had revenue of $37.14 million for the quarter, compared to analyst estimates of $37.06 million. Cedar Realty Trust had a net margin of 13.11% and a return on equity of 4.71%. The firm’s quarterly revenue was down .1% on a year-over-year basis. During the same period in the prior year, the company posted $0.14 EPS. analysts forecast that Cedar Realty Trust will post 0.55 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 20th. Investors of record on Monday, February 12th will be paid a $0.05 dividend. The ex-dividend date is Friday, February 9th. This represents a $0.20 dividend on an annualized basis and a yield of 4.84%. Cedar Realty Trust’s payout ratio is currently -666.67%.
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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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