Cedar Realty Trust Inc (NYSE:CDR) – B. Riley cut their Q1 2018 earnings estimates for shares of Cedar Realty Trust in a research note issued on Monday. B. Riley analyst C. Kucera now expects that the real estate investment trust will post earnings of $0.13 per share for the quarter, down from their previous 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 posted its quarterly earnings results on Thursday, February 8th. The real estate investment trust reported $0.03 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.11). The company had revenue of $37.14 million during the quarter, compared to analysts’ expectations of $37.06 million. Cedar Realty Trust had a return on equity of 4.71% and a net margin of 13.11%. The company’s quarterly revenue was down .1% on a year-over-year basis. During the same period in the prior year, the business earned $0.14 EPS.

Several other research firms also recently commented on CDR. Zacks Investment Research downgraded shares of Cedar Realty Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. Raymond James Financial reaffirmed a “hold” rating on shares of Cedar Realty Trust in a research note on Thursday, December 14th. ValuEngine raised shares of 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 target price on shares of Cedar Realty Trust and gave the stock a “sell” rating in a report on Tuesday, November 28th. Finally, KeyCorp reiterated a “hold” rating on shares of Cedar Realty Trust in a report on Friday, November 3rd. One analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $5.75.

Cedar Realty Trust (NYSE:CDR) opened at $4.13 on Tuesday. The company has a market cap of $411.84, a PE ratio of -137.67 and a beta of 0.75. Cedar Realty Trust has a 12 month low of $4.11 and a 12 month 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.

Institutional investors have recently modified their holdings of the business. Crossmark Global Holdings Inc. bought a new position in Cedar Realty Trust during the 3rd quarter worth about $100,000. Arrowstreet Capital Limited Partnership bought a new position in Cedar Realty Trust during the 4th quarter worth about $118,000. Susquehanna International Group LLP bought a new position in Cedar Realty Trust during the 2nd quarter worth about $103,000. Verition Fund Management LLC grew its holdings in Cedar Realty Trust by 68.3% during the 2nd quarter. Verition Fund Management LLC now owns 22,421 shares of the real estate investment trust’s stock worth $109,000 after acquiring an additional 9,097 shares in the last quarter. Finally, SG Americas Securities LLC grew its holdings in Cedar Realty Trust by 93.6% during the 3rd quarter. SG Americas Securities LLC now owns 24,776 shares of the real estate investment trust’s stock worth $139,000 after acquiring an additional 11,981 shares in the last quarter. Institutional investors own 95.05% of the company’s stock.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 20th. Shareholders of record on Monday, February 12th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 4.84%. The ex-dividend date of this dividend is Friday, February 9th. Cedar Realty Trust’s payout ratio is -666.67%.

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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).

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

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