KeyCorp Weighs in on Cedar Realty Trust Inc’s Q2 2018 Earnings (CDR)

Cedar Realty Trust Inc (NYSE:CDR) – Investment analysts at KeyCorp issued their Q2 2018 earnings per share (EPS) estimates for shares of Cedar Realty Trust in a report issued on Sunday. KeyCorp analyst T. Thomas expects that the real estate investment trust will earn $0.13 per share for the quarter. KeyCorp currently has a “Hold” rating on the stock. KeyCorp also issued estimates for Cedar Realty Trust’s Q3 2018 earnings at $0.13 EPS, Q4 2018 earnings at $0.14 EPS and FY2019 earnings at $0.55 EPS.

Cedar Realty Trust (NYSE:CDR) last announced its quarterly earnings results on Thursday, February 8th. The real estate investment trust reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.11). The business had revenue of $37.14 million for the quarter, compared to analyst estimates of $37.06 million. Cedar Realty Trust had a net margin of 13.11% and a return on equity of 4.71%. The company’s quarterly revenue was down .1% on a year-over-year basis. During the same period last year, the firm earned $0.14 earnings per share.

Other research analysts have also recently issued reports about the stock. Zacks Investment Research raised 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 report on Tuesday, November 7th. ValuEngine raised shares of Cedar Realty Trust from a “hold” rating to a “buy” rating in a research report on Friday, December 15th. B. Riley reaffirmed a “buy” rating on shares of Cedar Realty Trust in a research report on Wednesday, November 1st. TheStreet cut shares of Cedar Realty Trust from a “c” rating to a “d+” rating in a research report on Thursday, February 8th. Finally, Raymond James Financial reaffirmed a “hold” rating on shares of Cedar Realty Trust in a research report on Thursday, December 14th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $5.75.

Cedar Realty Trust (CDR) opened at $4.27 on Tuesday. The firm has a market cap of $411.84, a P/E ratio of -142.33 and a beta of 0.75. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.72 and a current ratio of 1.00. Cedar Realty Trust has a 12-month low of $4.20 and a 12-month high of $6.34.

The company 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 dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, February 9th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 4.68%. Cedar Realty Trust’s payout ratio is currently -666.67%.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. lifted its position in shares of Cedar Realty Trust by 60.4% during the second quarter. Goldman Sachs Group Inc. now owns 501,289 shares of the real estate investment trust’s stock worth $2,431,000 after purchasing an additional 188,689 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Cedar Realty Trust by 5.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,213,260 shares of the real estate investment trust’s stock worth $5,885,000 after purchasing an additional 62,150 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of Cedar Realty Trust by 7.1% during the third quarter. Schwab Charles Investment Management Inc. now owns 811,146 shares of the real estate investment trust’s stock worth $4,559,000 after purchasing an additional 53,665 shares in the last quarter. FNY Partners Fund LP acquired a new position in shares of Cedar Realty Trust during the third quarter worth $490,000. Finally, Deprince Race & Zollo Inc. lifted its position in shares of Cedar Realty Trust by 36.2% during the third quarter. Deprince Race & Zollo Inc. now owns 2,495,693 shares of the real estate investment trust’s stock worth $14,026,000 after purchasing an additional 663,014 shares in the last quarter. 95.05% of the stock is currently owned by institutional investors and hedge funds.

WARNING: “KeyCorp Weighs in on Cedar Realty Trust Inc’s Q2 2018 Earnings (CDR)” was originally posted by American Banking News and is owned by of American Banking News. If you are accessing this piece on another publication, it was stolen and republished in violation of United States & international trademark and copyright laws. The correct version of this piece can be read at https://www.americanbankingnews.com/2018/02/13/keycorp-weighs-in-on-cedar-realty-trust-incs-q2-2018-earnings-cdr.html.

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).

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

Receive News & Ratings for Cedar Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cedar Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply