Cedar Realty Trust Inc (NYSE:CDR) – Investment analysts at B. Riley reduced their Q1 2018 EPS estimates for shares of Cedar Realty Trust in a research report issued to clients and investors on Monday. B. Riley analyst C. Kucera now forecasts that the real estate investment trust will earn $0.13 per share for the quarter, down from their prior forecast of $0.14. B. Riley currently has a “Buy” rating and a $5.50 target price on the stock. B. Riley also issued estimates for Cedar Realty Trust’s Q3 2018 earnings at $0.14 EPS, Q4 2018 earnings at $0.14 EPS, Q1 2019 earnings at $0.14 EPS, Q2 2019 earnings at $0.15 EPS, Q3 2019 earnings at $0.15 EPS, Q4 2019 earnings at $0.14 EPS and FY2019 earnings at $0.58 EPS.
Cedar Realty Trust (NYSE:CDR) last released its quarterly earnings data on Thursday, February 8th. The real estate investment trust reported $0.03 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.11). Cedar Realty Trust had a net margin of 13.11% and a return on equity of 4.71%. The business had revenue of $37.14 million for the quarter, compared to the consensus estimate of $37.06 million. During the same quarter in the prior year, the business posted $0.14 earnings per share. Cedar Realty Trust’s revenue for the quarter was down .1% on a year-over-year basis.
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 one year low of $4.20 and a one year high of $6.34. The stock has a market cap of $411.84, a P/E ratio of -142.33 and a beta of 0.75.
A number of large investors have recently bought and sold shares of the stock. Arrowstreet Capital Limited Partnership purchased a new stake in Cedar Realty Trust during the fourth quarter valued at approximately $118,000. UBS Asset Management Americas Inc. raised its holdings in shares of Cedar Realty Trust by 14.5% in the fourth quarter. UBS Asset Management Americas Inc. now owns 194,067 shares of the real estate investment trust’s stock worth $1,180,000 after buying an additional 24,508 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Cedar Realty Trust by 1.1% in the fourth quarter. Bank of New York Mellon Corp now owns 1,227,473 shares of the real estate investment trust’s stock worth $7,463,000 after buying an additional 13,408 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of Cedar Realty Trust by 8.1% in the fourth quarter. Rhumbline Advisers now owns 202,210 shares of the real estate investment trust’s stock worth $1,229,000 after buying an additional 15,204 shares during the last quarter. Finally, Arizona State Retirement System raised its holdings in shares of Cedar Realty Trust by 236.6% in the fourth quarter. Arizona State Retirement System now owns 136,612 shares of the real estate investment trust’s stock worth $831,000 after buying an additional 96,029 shares during the last quarter. 95.05% of the stock is owned by institutional investors.
The company 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 dividend of $0.05 per share. 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%.
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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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