Cedar Realty Trust Inc (CDR) to Post Q1 2018 Earnings of $0.13 Per Share, B. Riley Forecasts
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.
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%.
COPYRIGHT VIOLATION WARNING: This report was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this report on another website, it was illegally copied and reposted in violation of US & international trademark and copyright laws. The original version of this report can be accessed at https://www.thecerbatgem.com/2018/02/14/cedar-realty-trust-inc-cdr-to-post-q1-2018-earnings-of-0-13-per-share-b-riley-forecasts.html.
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).
Receive News & Ratings for Cedar Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cedar Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.