Equities analysts expect that Cedar Realty Trust, Inc. (NYSE:CDR) will report $36.08 million in sales for the current quarter, Zacks reports. Four analysts have issued estimates for Cedar Realty Trust’s earnings, with the lowest sales estimate coming in at $35.32 million and the highest estimate coming in at $36.97 million. Cedar Realty Trust posted sales of $37.79 million in the same quarter last year, which suggests a negative year-over-year growth rate of 4.5%. The company is expected to announce its next quarterly earnings report on Friday, August 4th.

On average, analysts expect that Cedar Realty Trust will report full year sales of $36.08 million for the current fiscal year, with estimates ranging from $143.53 million to $147.89 million. For the next financial year, analysts expect that the company will report sales of $149.49 million per share, with estimates ranging from $146.42 million to $153.59 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Cedar Realty Trust.

Cedar Realty Trust (NYSE:CDR) last released its quarterly earnings data on Friday, August 4th. The real estate investment trust reported ($0.10) earnings per share for the quarter, missing the consensus estimate of $0.14 by $0.24. The company had revenue of $35.70 million during the quarter, compared to the consensus estimate of $35.97 million. Cedar Realty Trust had a net margin of 6.58% and a return on equity of 2.48%. The business’s revenue was down 5.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.15 EPS.

CDR has been the subject of a number of research analyst reports. FBR & Co raised their price target on Cedar Realty Trust from $5.75 to $6.25 and gave the stock an “outperform” rating in a research note on Tuesday. ValuEngine lowered Cedar Realty Trust from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Zacks Investment Research lowered Cedar Realty Trust from a “buy” rating to a “hold” rating in a research report on Monday, July 10th. BidaskClub raised Cedar Realty Trust from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Finally, TheStreet raised Cedar Realty Trust from a “d+” rating to a “c” rating in a research report on Friday, May 5th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $6.15.

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In related news, Director Paul G. Kirk, Jr. sold 9,759 shares of Cedar Realty Trust stock in a transaction dated Wednesday, June 21st. The stock was sold at an average price of $4.88, for a total value of $47,623.92. Following the completion of the sale, the director now directly owns 75,874 shares in the company, valued at approximately $370,265.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 4.50% of the stock is currently owned by company insiders.

A number of large investors have recently added to or reduced their stakes in CDR. Arizona State Retirement System increased its stake in Cedar Realty Trust by 0.3% in the second quarter. Arizona State Retirement System now owns 39,683 shares of the real estate investment trust’s stock valued at $192,000 after buying an additional 100 shares during the last quarter. Great West Life Assurance Co. Can increased its stake in Cedar Realty Trust by 0.3% in the first quarter. Great West Life Assurance Co. Can now owns 138,180 shares of the real estate investment trust’s stock valued at $693,000 after buying an additional 386 shares during the last quarter. Louisiana State Employees Retirement System increased its stake in Cedar Realty Trust by 1.6% in the first quarter. Louisiana State Employees Retirement System now owns 31,000 shares of the real estate investment trust’s stock valued at $156,000 after buying an additional 500 shares during the last quarter. Bank of Montreal Can increased its stake in Cedar Realty Trust by 2.1% in the first quarter. Bank of Montreal Can now owns 24,850 shares of the real estate investment trust’s stock valued at $125,000 after buying an additional 504 shares during the last quarter. Finally, Texas Permanent School Fund boosted its position in shares of Cedar Realty Trust by 1.0% in the second quarter. Texas Permanent School Fund now owns 55,584 shares of the real estate investment trust’s stock valued at $270,000 after buying an additional 542 shares during the last quarter. Institutional investors own 97.45% of the company’s stock.

Shares of Cedar Realty Trust (NYSE:CDR) opened at 5.31 on Tuesday. The stock has a 50 day moving average of $5.06 and a 200 day moving average of $5.35. Cedar Realty Trust has a 1-year low of $4.70 and a 1-year high of $7.98. The company has a market cap of $436.39 million, a price-to-earnings ratio of 115.43 and a beta of 0.89.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 21st. Investors of record on Friday, August 11th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a $0.20 annualized dividend and a yield of 3.77%. Cedar Realty Trust’s payout ratio is -333.28%.

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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Earnings History and Estimates for Cedar Realty Trust (NYSE:CDR)

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