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.
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.
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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