Cedar Realty Trust (CDR) Releases FY18 Earnings Guidance

Cedar Realty Trust (NYSE:CDR) issued an update on its FY18 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.53 to $0.55 for the period, compared to the Thomson Reuters consensus estimate of $0.57.

Cedar Realty Trust (CDR) traded down $0.15 during trading hours on Thursday, hitting $4.51. 626,352 shares of the stock were exchanged, compared to its average volume of 504,132. The stock has a market cap of $425.54, a P/E ratio of -66.86 and a beta of 0.75. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.49. Cedar Realty Trust has a 12-month low of $4.51 and a 12-month high of $6.34.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 20th. Stockholders of record on Monday, February 12th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 4.43%. The ex-dividend date is Friday, February 9th. Cedar Realty Trust’s dividend payout ratio is presently -285.71%.

CDR has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Cedar Realty Trust from a hold rating to a buy rating and set a $6.50 price target on the stock in a research note on Tuesday, November 7th. Boenning Scattergood set a $5.00 price target on shares of Cedar Realty Trust and gave the stock a sell rating in a research note on Tuesday, November 28th. Raymond James Financial reiterated a hold rating on shares of Cedar Realty Trust in a research note on Thursday, December 14th. KeyCorp reiterated a hold rating on shares of Cedar Realty Trust in a research note on Friday, November 3rd. Finally, ValuEngine upgraded shares of Cedar Realty Trust from a hold rating to a buy rating in a research note on Friday, December 15th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. Cedar Realty Trust currently has a consensus rating of Hold and an average target price of $5.81.

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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).

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

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