Equities analysts predict that Cedar Realty Trust Inc (NYSE:CDR) will post sales of $37.00 million for the current quarter, according to Zacks. Four analysts have issued estimates for Cedar Realty Trust’s earnings, with the highest sales estimate coming in at $37.48 million and the lowest estimate coming in at $36.10 million. Cedar Realty Trust posted sales of $36.77 million during the same quarter last year, which would indicate a positive year over year growth rate of 0.6%. The business is scheduled to report its next quarterly earnings results on Thursday, May 3rd.
On average, analysts expect that Cedar Realty Trust will report full year sales of $37.00 million for the current financial year, with estimates ranging from $144.25 million to $151.21 million. For the next fiscal year, analysts expect that the business will report sales of $149.69 million per share, with estimates ranging from $147.04 million to $151.25 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Cedar Realty Trust.
Cedar Realty Trust (NYSE:CDR) last posted its earnings results on Thursday, February 8th. The real estate investment trust reported $0.03 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.11). The company had revenue of $37.14 million for the quarter, compared to the consensus estimate of $37.06 million. Cedar Realty Trust had a net margin of 13.11% and a return on equity of 4.71%. Cedar Realty Trust’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.
Several equities analysts have issued reports on the stock. Zacks Investment Research cut shares of Cedar Realty Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. Boenning Scattergood restated a “sell” rating on shares of Cedar Realty Trust in a research note on Monday, February 12th. Robert W. Baird lowered their target price on shares of Cedar Realty Trust from $7.00 to $6.00 and set an “outperform” rating on the stock in a research note on Monday, February 12th. Raymond James Financial restated a “hold” rating on shares of Cedar Realty Trust in a research note on Thursday, December 14th. Finally, ValuEngine cut shares of Cedar Realty Trust from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. Cedar Realty Trust currently has an average rating of “Hold” and an average price target of $5.75.
Several large investors have recently modified their holdings of CDR. Crossmark Global Holdings Inc. bought a new position in shares of Cedar Realty Trust in the 3rd quarter worth approximately $100,000. BlueCrest Capital Management Ltd bought a new position in shares of Cedar Realty Trust in the 4th quarter worth approximately $102,000. Arrowstreet Capital Limited Partnership bought a new position in shares of Cedar Realty Trust in the 4th quarter worth approximately $118,000. SG Americas Securities LLC lifted its stake in shares of Cedar Realty Trust by 93.6% in the 3rd quarter. SG Americas Securities LLC now owns 24,776 shares of the real estate investment trust’s stock worth $139,000 after purchasing an additional 11,981 shares during the period. Finally, Teacher Retirement System of Texas bought a new position in shares of Cedar Realty Trust in the 4th quarter worth approximately $192,000. Hedge funds and other institutional investors own 94.47% of the company’s stock.
Cedar Realty Trust (CDR) traded down $0.05 on Friday, reaching $3.81. 709,028 shares of the company’s stock traded hands, compared to its average volume of 539,625. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.37. The company has a market cap of $363.92, a PE ratio of -127.33 and a beta of 0.94. Cedar Realty Trust has a 1-year low of $3.79 and a 1-year high of $6.29.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 20th. Stockholders of record on Monday, February 12th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 5.25%. The ex-dividend date was Friday, February 9th. Cedar Realty Trust’s dividend payout ratio (DPR) is presently -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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