Brokerages Anticipate Cedar Realty Trust Inc (CDR) to Post $0.13 Earnings Per Share

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Analysts expect that Cedar Realty Trust Inc (NYSE:CDR) will report $0.13 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Cedar Realty Trust’s earnings. Cedar Realty Trust reported earnings of $0.14 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 7.1%. The firm is expected to announce its next quarterly earnings results on Thursday, February 14th.

According to Zacks, analysts expect that Cedar Realty Trust will report full year earnings of $0.56 per share for the current fiscal year, with EPS estimates ranging from $0.50 to $0.59. For the next financial year, analysts forecast that the business will report earnings of $0.50 per share, with EPS estimates ranging from $0.47 to $0.52. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover Cedar Realty Trust.

Cedar Realty Trust (NYSE:CDR) last released its quarterly earnings results on Thursday, November 1st. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.10. The business had revenue of $36.17 million during the quarter, compared to the consensus estimate of $36.41 million. Cedar Realty Trust had a return on equity of 1.17% and a net margin of 3.16%.

A number of equities analysts recently weighed in on the company. ValuEngine raised Cedar Realty Trust from a “sell” rating to a “hold” rating in a research note on Thursday. Zacks Investment Research cut Cedar Realty Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, November 13th. Finally, B. Riley reissued a “buy” rating on shares of Cedar Realty Trust in a research note on Tuesday, November 13th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $5.38.

Shares of CDR opened at $3.53 on Wednesday. The stock has a market capitalization of $330.17 million, a P/E ratio of 6.14 and a beta of 0.89. Cedar Realty Trust has a 1-year low of $3.34 and a 1-year high of $6.20. The company has a debt-to-equity ratio of 1.52, a quick ratio of 1.02 and a current ratio of 1.02.

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 20th. Investors of record on Friday, November 9th were paid a $0.05 dividend. The ex-dividend date of this dividend was Thursday, November 8th. This represents a $0.20 dividend on an annualized basis and a yield of 5.67%. Cedar Realty Trust’s dividend payout ratio is currently 36.36%.

In other Cedar Realty Trust news, insider Bruce J. Schanzer bought 10,840 shares of the stock in a transaction on Tuesday, November 27th. The shares were bought at an average price of $3.40 per share, with a total value of $36,856.00. Following the purchase, the insider now directly owns 2,111,393 shares in the company, valued at approximately $7,178,736.20. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 4.41% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. Sterling Capital Management LLC acquired a new stake in shares of Cedar Realty Trust during the 2nd quarter valued at about $159,000. Metropolitan Life Insurance Co. NY lifted its holdings in shares of Cedar Realty Trust by 44.9% during the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 42,310 shares of the real estate investment trust’s stock valued at $200,000 after buying an additional 13,120 shares during the last quarter. Municipal Employees Retirement System of Michigan lifted its holdings in shares of Cedar Realty Trust by 40.5% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 43,710 shares of the real estate investment trust’s stock valued at $207,000 after buying an additional 12,600 shares during the last quarter. State of Alaska Department of Revenue lifted its holdings in shares of Cedar Realty Trust by 112.9% during the 3rd quarter. State of Alaska Department of Revenue now owns 54,097 shares of the real estate investment trust’s stock valued at $251,000 after buying an additional 28,687 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado lifted its holdings in shares of Cedar Realty Trust by 90.9% during the 3rd quarter. Public Employees Retirement Association of Colorado now owns 63,539 shares of the real estate investment trust’s stock valued at $296,000 after buying an additional 30,249 shares during the last quarter. 91.83% of the stock is currently owned by institutional investors.

About Cedar Realty Trust

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.

Further Reading: Price to Earnings Ratio (PE), For Valuing Stocks

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

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