Cedar Realty Trust Inc (NYSE:CDR) – Research analysts at Boenning Scattergood lowered their Q1 2018 EPS estimates for shares of Cedar Realty Trust in a research report issued to clients and investors on Monday. Boenning Scattergood analyst F. Van. Dijkum now expects that the real estate investment trust will earn $0.13 per share for the quarter, down from their previous estimate of $0.14. Boenning Scattergood has a “Sell” rating on the stock. Boenning Scattergood also issued estimates for Cedar Realty Trust’s Q4 2018 earnings at $0.14 EPS, Q1 2019 earnings at $0.13 EPS, Q2 2019 earnings at $0.13 EPS, Q3 2019 earnings at $0.14 EPS and FY2019 earnings at $0.55 EPS.
Cedar Realty Trust (NYSE:CDR) last posted its quarterly earnings results on Thursday, February 8th. The real estate investment trust reported $0.03 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.11). Cedar Realty Trust had a return on equity of 4.71% and a net margin of 13.11%. The company had revenue of $37.14 million for the quarter, compared to analyst estimates of $37.06 million. During the same period last year, the company earned $0.14 earnings per share. The business’s revenue for the quarter was down .1% compared to the same quarter last year.
Cedar Realty Trust (CDR) opened at $4.27 on Tuesday. 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 firm has a market cap of $411.84, a price-to-earnings ratio of 8.05 and a beta of 0.75.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 20th. Investors of record on Monday, February 12th will be paid a $0.05 dividend. The ex-dividend date is Friday, February 9th. This represents a $0.20 dividend on an annualized basis and a yield of 4.68%. Cedar Realty Trust’s payout ratio is -666.67%.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Arrowstreet Capital Limited Partnership acquired a new stake in Cedar Realty Trust in the 4th quarter valued at about $118,000. UBS Asset Management Americas Inc. grew its stake in Cedar Realty Trust by 14.5% in the 4th quarter. UBS Asset Management Americas Inc. now owns 194,067 shares of the real estate investment trust’s stock valued at $1,180,000 after acquiring an additional 24,508 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Cedar Realty Trust by 1.1% in the 4th quarter. Bank of New York Mellon Corp now owns 1,227,473 shares of the real estate investment trust’s stock valued at $7,463,000 after purchasing an additional 13,408 shares in the last quarter. Rhumbline Advisers lifted its holdings in Cedar Realty Trust by 8.1% in the 4th quarter. Rhumbline Advisers now owns 202,210 shares of the real estate investment trust’s stock valued at $1,229,000 after purchasing an additional 15,204 shares in the last quarter. Finally, Arizona State Retirement System lifted its holdings in Cedar Realty Trust by 236.6% in the 4th quarter. Arizona State Retirement System now owns 136,612 shares of the real estate investment trust’s stock valued at $831,000 after purchasing an additional 96,029 shares in the last quarter. 95.05% of the stock is currently owned by hedge funds and other institutional investors.
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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).
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