Equities research analysts predict that Cedar Realty Trust Inc (NYSE:CDR) will report earnings per share of $0.14 for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Cedar Realty Trust’s earnings, with the highest EPS estimate coming in at $0.14 and the lowest estimate coming in at $0.13. Cedar Realty Trust also posted earnings of $0.14 per share during the same quarter last year. The business is scheduled to announce its next earnings report on Thursday, February 22nd.

On average, analysts expect that Cedar Realty Trust will report full-year earnings of $0.55 per share for the current financial year. For the next year, analysts forecast that the firm will post earnings of $0.57 per share, with EPS estimates ranging from $0.54 to $0.58. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Cedar Realty Trust.

Cedar Realty Trust (NYSE:CDR) last issued its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.01. The company had revenue of $36.40 million during the quarter, compared to the consensus estimate of $35.31 million. Cedar Realty Trust had a net margin of 11.42% and a return on equity of 4.18%. Cedar Realty Trust’s revenue for the quarter was down 3.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.15 earnings per share.

A number of brokerages recently commented on CDR. Zacks Investment Research downgraded shares of Cedar Realty Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. Raymond James Financial reissued a “hold” rating on shares of Cedar Realty Trust in a research note on Thursday, December 14th. ValuEngine raised shares of Cedar Realty Trust from a “hold” rating to a “buy” rating in a research note on Friday, December 15th. Boenning Scattergood set a $5.00 price objective on shares of Cedar Realty Trust and gave the stock a “sell” rating in a research note on Tuesday, November 28th. Finally, B. Riley reissued a “buy” rating on shares of Cedar Realty Trust in a research note on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. Cedar Realty Trust presently has a consensus rating of “Hold” and a consensus target price of $5.81.

Shares of Cedar Realty Trust (CDR) traded up $0.14 during trading hours on Wednesday, reaching $5.50. 431,996 shares of the company were exchanged, compared to its average volume of 519,255. The company has a market capitalization of $491.28, a P/E ratio of -78.57 and a beta of 0.96. Cedar Realty Trust has a 52 week low of $4.70 and a 52 week high of $6.36. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.49.

Several hedge funds have recently modified their holdings of CDR. Crossmark Global Holdings Inc. acquired a new position in shares of Cedar Realty Trust during the third quarter worth $100,000. Susquehanna International Group LLP acquired a new position in shares of Cedar Realty Trust during the second quarter worth $103,000. Verition Fund Management LLC increased its position in shares of Cedar Realty Trust by 68.3% during the second quarter. Verition Fund Management LLC now owns 22,421 shares of the real estate investment trust’s stock worth $109,000 after purchasing an additional 9,097 shares in the last quarter. SG Americas Securities LLC increased its position in shares of Cedar Realty Trust by 93.6% during the third 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 in the last quarter. Finally, Quantitative Systematic Strategies LLC acquired a new position in shares of Cedar Realty Trust during the third quarter worth $193,000. 92.64% of the stock is currently owned by institutional investors and hedge funds.

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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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