Cedar Realty Trust Inc (NYSE:CDR) Expected to Post Earnings of $0.11 Per Share
Equities analysts predict that Cedar Realty Trust Inc (NYSE:CDR) will report $0.11 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Cedar Realty Trust’s earnings. Cedar Realty Trust also posted earnings of $0.11 per share during the same quarter last year. The business is scheduled to announce its next earnings report on Thursday, August 6th.
According to Zacks, analysts expect that Cedar Realty Trust will report full-year earnings of $0.49 per share for the current financial year, with EPS estimates ranging from $0.46 to $0.50. For the next year, analysts expect that the firm will report earnings of $0.44 per share, with EPS estimates ranging from $0.40 to $0.50. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that follow Cedar Realty Trust.
Cedar Realty Trust (NYSE:CDR) last announced its quarterly earnings results on Thursday, May 14th. The real estate investment trust reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.24). Cedar Realty Trust had a net margin of 0.75% and a return on equity of 0.29%. The firm had revenue of $42.49 million for the quarter, compared to the consensus estimate of $39.34 million.
Cedar Realty Trust stock traded down $0.05 during midday trading on Friday, reaching $0.70. 1,116,879 shares of the stock traded hands, compared to its average volume of 663,860. The stock’s fifty day moving average is $0.84 and its 200-day moving average is $2.20. Cedar Realty Trust has a 12 month low of $0.53 and a 12 month high of $3.69. The stock has a market cap of $62.09 million, a P/E ratio of -5.79 and a beta of 1.56. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.78.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 20th. Stockholders of record on Friday, May 8th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 5.75%. The ex-dividend date of this dividend is Thursday, May 7th. Cedar Realty Trust’s payout ratio is 8.89%.
Large investors have recently bought and sold shares of the company. State Street Corp raised its holdings in shares of Cedar Realty Trust by 2.7% in the third quarter. State Street Corp now owns 2,802,891 shares of the real estate investment trust’s stock worth $8,409,000 after buying an additional 73,382 shares during the period. LSV Asset Management increased its holdings in Cedar Realty Trust by 3.0% during the 4th quarter. LSV Asset Management now owns 2,978,824 shares of the real estate investment trust’s stock worth $8,787,000 after purchasing an additional 85,814 shares during the period. Cubist Systematic Strategies LLC increased its holdings in Cedar Realty Trust by 73.8% during the 4th quarter. Cubist Systematic Strategies LLC now owns 37,842 shares of the real estate investment trust’s stock worth $112,000 after purchasing an additional 16,070 shares during the period. Great West Life Assurance Co. Can purchased a new position in Cedar Realty Trust during the 4th quarter worth $358,000. Finally, Wedge Capital Management L L P NC increased its holdings in Cedar Realty Trust by 39.2% during the 4th quarter. Wedge Capital Management L L P NC now owns 352,699 shares of the real estate investment trust’s stock worth $1,040,000 after purchasing an additional 99,358 shares during the period. 87.24% of the stock is owned by institutional investors and hedge funds.
Cedar Realty Trust Company Profile
Cedar Realty Trust, Inc is a fully-integrated real estate investment trust which focuses on the ownership, operation and redevelopment of grocery-anchored shopping centers in high-density urban markets from Washington, DC to Boston. The Company's portfolio (excluding properties treated as "held for sale") comprises 58 properties, with approximately 8.7 million square feet of gross leasable area.
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