Cedar Realty Trust, Inc. (NYSE:CDR) – Equities research analysts at Boenning Scattergood increased their FY2017 earnings per share estimates for shares of Cedar Realty Trust in a report released on Monday. Boenning Scattergood analyst F. Van. Dijkum now anticipates that the real estate investment trust will earn $0.55 per share for the year, up from their prior estimate of $0.54. Boenning Scattergood has a “Sell” rating and a $4.50 price target on the stock. Boenning Scattergood also issued estimates for Cedar Realty Trust’s Q1 2018 earnings at $0.14 EPS, Q2 2018 earnings at $0.13 EPS and Q4 2018 earnings at $0.13 EPS.

Cedar Realty Trust (NYSE:CDR) last announced its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.14 EPS for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.01. The company had revenue of $36.40 million during the quarter, compared to the consensus estimate of $35.31 million. Cedar Realty Trust had a net margin of 11.42% and a return on equity of 4.18%. Cedar Realty Trust’s quarterly revenue was down 3.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.15 EPS.

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Several other research firms also recently weighed in on CDR. B. Riley restated a “buy” rating on shares of Cedar Realty Trust in a report on Wednesday, November 1st. Zacks Investment Research raised shares of Cedar Realty Trust from a “hold” rating to a “buy” rating and set a $6.50 target price on the stock in a research report on Tuesday. KeyCorp reissued a “hold” rating on shares of Cedar Realty Trust in a research report on Friday, November 3rd. ValuEngine raised shares of Cedar Realty Trust from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Finally, BidaskClub cut shares of Cedar Realty Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $5.81.

Cedar Realty Trust (CDR) opened at $5.83 on Tuesday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.49. The stock has a market cap of $536.03, a PE ratio of 10.48 and a beta of 0.93. Cedar Realty Trust has a twelve month low of $4.70 and a twelve month high of $6.79.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Arizona State Retirement System increased its holdings in shares of Cedar Realty Trust by 0.3% in the 2nd quarter. Arizona State Retirement System now owns 39,683 shares of the real estate investment trust’s stock valued at $192,000 after purchasing an additional 100 shares during the period. Texas Permanent School Fund grew its stake in shares of Cedar Realty Trust by 1.0% in the 2nd quarter. Texas Permanent School Fund now owns 55,584 shares of the real estate investment trust’s stock valued at $270,000 after buying an additional 542 shares in the last quarter. Wells Fargo & Company MN boosted its position in Cedar Realty Trust by 1.7% during the second quarter. Wells Fargo & Company MN now owns 59,280 shares of the real estate investment trust’s stock worth $288,000 after purchasing an additional 1,012 shares during the period. M&T Bank Corp boosted its position in Cedar Realty Trust by 0.9% during the second quarter. M&T Bank Corp now owns 126,238 shares of the real estate investment trust’s stock worth $613,000 after purchasing an additional 1,182 shares during the period. Finally, Russell Investments Group Ltd. boosted its position in Cedar Realty Trust by 0.3% during the second quarter. Russell Investments Group Ltd. now owns 541,799 shares of the real estate investment trust’s stock worth $2,628,000 after purchasing an additional 1,621 shares during the period. Hedge funds and other institutional investors own 92.25% of the company’s stock.

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 20th. Shareholders of record on Friday, November 10th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 3.43%. The ex-dividend date is Thursday, November 9th. Cedar Realty Trust’s dividend payout ratio (DPR) is presently -285.71%.

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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