Brokerages expect Cedar Realty Trust Inc (NYSE:CDR) to report earnings per share (EPS) of $0.13 for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Cedar Realty Trust’s earnings. Cedar Realty Trust posted earnings per share of $0.14 during the same quarter last year, which suggests a negative year over year growth rate of 7.1%. The business is scheduled to announce its next quarterly earnings report after the market closes on Thursday, May 3rd.
On average, analysts expect that Cedar Realty Trust will report full year earnings of $0.54 per share for the current year, with EPS estimates ranging from $0.53 to $0.54. For the next year, analysts forecast that the company will report earnings of $0.54 per share, with EPS estimates ranging from $0.50 to $0.58. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover Cedar Realty Trust.
Cedar Realty Trust (NYSE:CDR) last announced its earnings results on Thursday, February 8th. The real estate investment trust reported $0.03 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.11). Cedar Realty Trust had a return on equity of 4.71% and a net margin of 13.11%. The business had revenue of $37.14 million for the quarter, compared to analyst estimates of $37.06 million. During the same quarter in the previous year, the company earned $0.14 EPS. The business’s revenue for the quarter was down .1% on a year-over-year basis.
Several analysts recently issued reports on CDR shares. Zacks Investment Research upgraded shares of Cedar Realty Trust from a “hold” rating to a “buy” rating and set a $7.00 price target on the stock in a research report on Tuesday, December 19th. B. Riley reduced their price target on shares of Cedar Realty Trust from $6.50 to $5.50 and set a “buy” rating on the stock in a research report on Monday, February 12th. TheStreet lowered shares of Cedar Realty Trust from a “c” rating to a “d+” rating in a research report on Thursday, February 8th. ValuEngine lowered shares of Cedar Realty Trust from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, Robert W. Baird reduced their price target on shares of Cedar Realty Trust from $7.00 to $6.00 and set an “outperform” rating on the stock in a research report on Monday, February 12th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $5.75.
Shares of NYSE CDR traded up $0.03 during trading hours on Thursday, hitting $3.90. 36,523 shares of the stock were exchanged, compared to its average volume of 590,174. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.37. The firm has a market capitalization of $348.30, a price-to-earnings ratio of 7.04 and a beta of 0.89. Cedar Realty Trust has a 1-year low of $3.62 and a 1-year high of $6.29.
The company also recently declared a quarterly dividend, which will be paid on Monday, May 21st. Investors of record on Friday, May 11th will be given a dividend of $0.05 per share. The ex-dividend date is Thursday, May 10th. This represents a $0.20 annualized dividend and a dividend yield of 5.13%. Cedar Realty Trust’s dividend payout ratio is 36.36%.
Several hedge funds and other institutional investors have recently bought and sold shares of CDR. BlueCrest Capital Management Ltd acquired a new stake in Cedar Realty Trust in the fourth quarter valued at approximately $102,000. Arrowstreet Capital Limited Partnership acquired a new stake in Cedar Realty Trust in the fourth quarter valued at approximately $118,000. SG Americas Securities LLC boosted its position in Cedar Realty Trust by 93.6% in the third quarter. SG Americas Securities LLC now owns 24,776 shares of the real estate investment trust’s stock valued at $139,000 after buying an additional 11,981 shares in the last quarter. Teacher Retirement System of Texas acquired a new stake in Cedar Realty Trust in the fourth quarter valued at approximately $192,000. Finally, AMP Capital Investors Ltd boosted its position in Cedar Realty Trust by 127.3% in the fourth quarter. AMP Capital Investors Ltd now owns 31,839 shares of the real estate investment trust’s stock valued at $194,000 after buying an additional 17,829 shares in the last quarter. Institutional investors and hedge funds own 94.46% of the company’s stock.
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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 61 properties, with approximately 9.0 million square feet of gross leasable area.
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