Cedar Realty Trust (NYSE:CDR) posted its quarterly earnings results on Thursday. The real estate investment trust reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.11), Yahoo Finance reports. Cedar Realty Trust had a net margin of 11.42% and a return on equity of 4.18%. The firm had revenue of $37.14 million during the quarter, compared to analysts’ expectations of $37.06 million. During the same period last year, the company earned $0.14 EPS. The business’s quarterly revenue was down .1% on a year-over-year basis. Cedar Realty Trust updated its FY18 guidance to $0.53 to $0.55 EPS.
Cedar Realty Trust (NYSE:CDR) traded down $0.17 during midday trading on Friday, hitting $4.29. 167,658 shares of the company were exchanged, compared to its average volume of 486,625. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.72 and a quick ratio of 0.72. The stock has a market cap of $425.54, a P/E ratio of -64.43 and a beta of 0.75. Cedar Realty Trust has a 1 year low of $4.26 and a 1 year high of $6.34.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 20th. Investors 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 4.66%. The ex-dividend date is Friday, February 9th. Cedar Realty Trust’s dividend payout ratio (DPR) is -285.71%.
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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