Cedar Realty Trust Inc Plans Quarterly Dividend of $0.05 (CDR)
Cedar Realty Trust (NYSE:CDR) announced a quarterly dividend on Thursday, April 24th, StockRatingsNetwork reports. Stockholders of record on Friday, May 9th will be paid a dividend of 0.05 per share on Tuesday, May 20th. This represents a $0.20 annualized dividend and a dividend yield of 3.26%.
On the ratings front, analysts at Wunderlich downgraded shares of Cedar Realty Trust from a “buy” rating to a “hold” rating in a research note on Thursday, February 27th. They now have a $6.75 price target on the stock, down previously from $7.00. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $6.91.
Shares of Cedar Realty Trust (NYSE:CDR) traded up 0.49% on Thursday, hitting $6.14. 161,427 shares of the company’s stock traded hands. Cedar Realty Trust has a one year low of $4.75 and a one year high of $6.83. The stock’s 50-day moving average is $6.10 and its 200-day moving average is $6.01. The company’s market cap is $421.7 million.
Cedar Realty Trust (NYSE:CDR) last issued its quarterly earnings data on Tuesday, February 25th. The company reported $0.03 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.05) by $0.08. The company had revenue of $35.17 million for the quarter, compared to the consensus estimate of $35.88 million. Analysts expect that Cedar Realty Trust will post $-0.07 EPS for the current fiscal year.
Cedar Realty Trust, Inc, formerly Cedar Shopping Centers, Inc, is a fully-integrated real estate investment trust (NYSE:CDR), which focuses primarily on ownership and operation of supermarket-anchored shopping centers.
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