Headlines about Cedar Realty Trust (NYSE:CDR) have been trending somewhat positive on Sunday, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Cedar Realty Trust earned a news impact score of 0.08 on Accern’s scale. Accern also assigned media coverage about the real estate investment trust an impact score of 45.9929676496537 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Cedar Realty Trust (NYSE:CDR) remained flat at $$3.67 during trading on Friday. The stock had a trading volume of 4,024,262 shares, compared to its average volume of 493,076. The firm has a market cap of $337.27, a P/E ratio of -122.33 and a beta of 0.94. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.37. Cedar Realty Trust has a 1 year low of $3.64 and a 1 year high of $6.29.
Cedar Realty Trust (NYSE:CDR) last released its quarterly earnings results on Thursday, February 8th. The real estate investment trust reported $0.03 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.11). The firm had revenue of $37.14 million for the quarter, compared to the consensus estimate of $37.06 million. Cedar Realty Trust had a return on equity of 4.71% and a net margin of 13.11%. The firm’s revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.14 EPS. equities analysts predict that Cedar Realty Trust will post 0.55 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, February 20th. Stockholders of record on Monday, February 12th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, February 9th. This represents a $0.20 annualized dividend and a dividend yield of 5.45%. Cedar Realty Trust’s dividend payout ratio is currently -666.67%.
CDR has been the subject of several recent research reports. 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 Tuesday, November 28th. Zacks Investment Research lowered shares of Cedar Realty Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, November 29th. Raymond James Financial reiterated a “hold” rating on shares of Cedar Realty Trust in a research note on Thursday, December 14th. Finally, ValuEngine upgraded shares of Cedar Realty Trust from a “hold” rating to a “buy” rating in a research note on Friday, December 15th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $5.75.
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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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