Cedar Realty Trust, Inc. (CDR) Scheduled to Post Earnings on Wednesday
Cedar Realty Trust, Inc. (NYSE:CDR) is scheduled to release its earnings data after the market closes on Wednesday, November 1st. Analysts expect Cedar Realty Trust to post earnings of $0.03 per share for the quarter. Cedar Realty Trust has set its FY17 guidance at $0.53-0.55 EPS.
Cedar Realty Trust (NYSE:CDR) last announced its earnings results on Friday, August 4th. The real estate investment trust reported ($0.10) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.24). Cedar Realty Trust had a return on equity of 2.49% and a net margin of 6.58%. The business had revenue of $35.70 million for the quarter, compared to analyst estimates of $35.97 million. During the same quarter in the previous year, the company earned $0.15 EPS. The business’s revenue for the quarter was down 5.7% on a year-over-year basis. On average, analysts expect Cedar Realty Trust to post $0.54 EPS for the current fiscal year and $0.55 EPS for the next fiscal year.
Cedar Realty Trust, Inc. (NYSE CDR) opened at 5.56 on Wednesday. Cedar Realty Trust, Inc. has a 12 month low of $4.70 and a 12 month high of $6.95. The firm’s 50 day moving average is $5.45 and its 200-day moving average is $5.21. The firm’s market cap is $457.02 million.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 20th. Investors of record on Friday, November 10th will be paid a dividend of $0.05 per share. The ex-dividend date is Thursday, November 9th. This represents a $0.20 annualized dividend and a yield of 3.60%. Cedar Realty Trust’s dividend payout ratio is currently -333.28%.
CDR has been the subject of several recent analyst reports. KeyCorp reaffirmed a “hold” rating on shares of Cedar Realty Trust in a research note on Wednesday, October 4th. FBR & Co reaffirmed an “outperform” rating and set a $5.75 price objective on shares of Cedar Realty Trust in a research note on Tuesday, July 11th. Boenning Scattergood set a $5.00 price objective on shares of Cedar Realty Trust and gave the company a “sell” rating in a research note on Monday, August 7th. Zacks Investment Research cut shares of Cedar Realty Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Finally, BidaskClub cut shares of Cedar Realty Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. Cedar Realty Trust currently has a consensus rating of “Hold” and a consensus target price of $6.15.
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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