Analysts Issue Forecasts for Cedar Realty Trust Inc’s Q2 2018 Earnings (CDR)

Cedar Realty Trust Inc (NYSE:CDR) – B. Riley cut their Q2 2018 EPS estimates for shares of Cedar Realty Trust in a research report issued on Monday. B. Riley analyst C. Kucera now forecasts that the real estate investment trust will post earnings per share of $0.14 for the quarter, down from their previous estimate of $0.15. 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 FY2018 earnings at $0.54 EPS.

Several other research firms have also recently issued reports on CDR. Zacks Investment Research cut Cedar Realty Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. Raymond James Financial reissued a “hold” rating on shares of Cedar Realty Trust in a research note on Thursday, December 14th. ValuEngine raised Cedar Realty Trust from a “hold” rating to a “buy” rating in a research note on Friday, December 15th. Boenning Scattergood set a $5.00 price target on Cedar Realty Trust and gave the stock a “sell” rating in a research note on Tuesday, November 28th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Cedar Realty Trust in a research note on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $5.75.

Shares of Cedar Realty Trust (NYSE:CDR) opened at $4.13 on Wednesday. Cedar Realty Trust has a 52-week low of $4.11 and a 52-week high of $6.29. The company has a quick ratio of 0.72, a current ratio of 1.00 and a debt-to-equity ratio of 1.37. The firm has a market capitalization of $377.14, a price-to-earnings ratio of -103.25 and a beta of 0.75.

Cedar Realty Trust (NYSE:CDR) last issued its earnings results on Thursday, February 8th. The real estate investment trust reported $0.03 earnings per share for the quarter, missing the Thomson Reuters’ 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 during the quarter, compared to analyst estimates of $37.06 million. During the same period in the prior year, the business earned $0.14 earnings per share. Cedar Realty Trust’s quarterly revenue was down .1% on a year-over-year basis.

Several large investors have recently added to or reduced their stakes in the stock. Deprince Race & Zollo Inc. boosted its position in shares of Cedar Realty Trust by 33.5% in the 4th quarter. Deprince Race & Zollo Inc. now owns 3,331,200 shares of the real estate investment trust’s stock valued at $20,254,000 after purchasing an additional 835,507 shares during the period. State Street Corp boosted its position in shares of Cedar Realty Trust by 2.1% in the 2nd quarter. State Street Corp now owns 3,208,376 shares of the real estate investment trust’s stock valued at $15,562,000 after purchasing an additional 64,817 shares during the period. LSV Asset Management boosted its position in shares of Cedar Realty Trust by 17.3% in the 4th quarter. LSV Asset Management now owns 1,623,292 shares of the real estate investment trust’s stock valued at $9,869,000 after purchasing an additional 239,400 shares during the period. Boston Partners boosted its position in shares of Cedar Realty Trust by 11.9% in the 4th quarter. Boston Partners now owns 1,583,260 shares of the real estate investment trust’s stock valued at $9,627,000 after purchasing an additional 168,310 shares during the period. Finally, Renaissance Technologies LLC boosted its position in shares of Cedar Realty Trust by 52.8% in the 4th quarter. Renaissance Technologies LLC now owns 1,514,800 shares of the real estate investment trust’s stock valued at $9,210,000 after purchasing an additional 523,600 shares during the period. Institutional investors and hedge funds own 95.05% of the company’s stock.

The business also recently declared 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. The ex-dividend date is Friday, February 9th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 4.84%. Cedar Realty Trust’s dividend payout ratio (DPR) is -500.00%.

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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).

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

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