Equities research analysts forecast that Cedar Realty Trust, Inc. (NYSE:CDR) will post sales of $35.15 million for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Cedar Realty Trust’s earnings, with the lowest sales estimate coming in at $34.91 million and the highest estimate coming in at $35.32 million. Cedar Realty Trust reported sales of $37.79 million in the same quarter last year, which indicates a negative year-over-year growth rate of 7%. The business is scheduled to issue its next earnings report on Thursday, November 2nd.

On average, analysts expect that Cedar Realty Trust will report full year sales of $35.15 million for the current year, with estimates ranging from $142.07 million to $143.73 million. For the next financial year, analysts anticipate that the firm will post sales of $146.85 million per share, with estimates ranging from $144.32 million to $150.50 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Cedar Realty Trust.

Cedar Realty Trust (NYSE:CDR) last announced its quarterly earnings data on Friday, August 4th. The real estate investment trust reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.24). The firm had revenue of $35.70 million during the quarter, compared to analyst estimates of $35.97 million. Cedar Realty Trust had a net margin of 6.58% and a return on equity of 2.49%. The business’s quarterly revenue was down 5.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.15 earnings per share.

A number of research firms have issued reports on CDR. BidaskClub cut Cedar Realty Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. FBR & Co raised their target price on Cedar Realty Trust from $5.75 to $6.25 and gave the company an “outperform” rating in a research note on Tuesday, August 8th. Zacks Investment Research cut Cedar Realty Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Boenning Scattergood set a $5.00 target price on Cedar Realty Trust and gave the company a “sell” rating in a research note on Monday, August 7th. Finally, ValuEngine cut Cedar Realty Trust from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. Cedar Realty Trust currently has a consensus rating of “Hold” and an average price target of $6.15.

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In other news, Director Paul G. Kirk, Jr. sold 9,759 shares of the business’s stock in a transaction that occurred on Wednesday, June 21st. The stock was sold at an average price of $4.88, for a total transaction of $47,623.92. Following the sale, the director now directly owns 75,874 shares in the company, valued at $370,265.12. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 4.50% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Great West Life Assurance Co. Can increased its position in shares of Cedar Realty Trust by 0.3% during 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 purchasing an additional 386 shares during the period. Citadel Advisors LLC increased its position in shares of Cedar Realty Trust by 589.9% during the first quarter. Citadel Advisors LLC now owns 193,701 shares of the real estate investment trust’s stock valued at $972,000 after purchasing an additional 165,625 shares during the period. Morgan Stanley increased its position in shares of Cedar Realty Trust by 107.9% during the first quarter. Morgan Stanley now owns 563,460 shares of the real estate investment trust’s stock valued at $2,829,000 after purchasing an additional 292,433 shares during the period. Tudor Investment Corp ET AL increased its position in shares of Cedar Realty Trust by 54.7% during the first quarter. Tudor Investment Corp ET AL now owns 57,616 shares of the real estate investment trust’s stock valued at $289,000 after purchasing an additional 20,375 shares during the period. Finally, Stevens Capital Management LP bought a new stake in shares of Cedar Realty Trust during the first quarter valued at approximately $167,000. Institutional investors and hedge funds own 92.21% of the company’s stock.

Cedar Realty Trust (NYSE CDR) opened at 5.25 on Thursday. The firm has a 50-day moving average of $5.12 and a 200 day moving average of $5.15. The firm’s market capitalization is $431.53 million. Cedar Realty Trust has a 52 week low of $4.70 and a 52 week high of $7.56.

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 21st. Stockholders of record on Friday, August 11th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.81%. The ex-dividend date was Wednesday, August 9th. Cedar Realty Trust’s dividend payout ratio is presently -333.28%.

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

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