Analysts predict that Cedar Realty Trust Inc (NYSE:CDR) will post $0.11 earnings per share (EPS) for the current quarter, Zacks reports. Four analysts have made estimates for Cedar Realty Trust’s earnings. Cedar Realty Trust reported earnings per share of $0.13 during the same quarter last year, which suggests a negative year-over-year growth rate of 15.4%. The company is expected to issue its next quarterly earnings results on Thursday, February 6th.
According to Zacks, analysts expect that Cedar Realty Trust will report full-year earnings of $0.45 per share for the current year. For the next financial year, analysts forecast that the business will post earnings of $0.45 per share, with EPS estimates ranging from $0.45 to $0.46. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Cedar Realty Trust.
Separately, Zacks Investment Research raised shares of Cedar Realty Trust from a “sell” rating to a “hold” rating in a research report on Friday.
In other news, CFO Philip Mays sold 25,000 shares of the firm’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $3.01, for a total value of $75,250.00. Following the completion of the sale, the chief financial officer now directly owns 609,024 shares of the company’s stock, valued at approximately $1,833,162.24. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 4.51% of the company’s stock.
Large investors have recently bought and sold shares of the company. Prudential Financial Inc. raised its holdings in Cedar Realty Trust by 1.3% in the second quarter. Prudential Financial Inc. now owns 352,907 shares of the real estate investment trust’s stock worth $935,000 after buying an additional 4,500 shares during the last quarter. Dupont Capital Management Corp grew its stake in shares of Cedar Realty Trust by 2.9% in the third quarter. Dupont Capital Management Corp now owns 211,689 shares of the real estate investment trust’s stock worth $635,000 after acquiring an additional 5,922 shares during the period. Wells Fargo & Company MN grew its stake in shares of Cedar Realty Trust by 2.5% in the second quarter. Wells Fargo & Company MN now owns 248,560 shares of the real estate investment trust’s stock worth $652,000 after acquiring an additional 6,085 shares during the period. Bank of Montreal Can grew its stake in shares of Cedar Realty Trust by 167.6% in the second quarter. Bank of Montreal Can now owns 11,602 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 7,266 shares during the period. Finally, State of Alaska Department of Revenue grew its stake in shares of Cedar Realty Trust by 16.9% in the third quarter. State of Alaska Department of Revenue now owns 73,121 shares of the real estate investment trust’s stock worth $219,000 after acquiring an additional 10,558 shares during the period. 87.68% of the stock is owned by hedge funds and other institutional investors.
Cedar Realty Trust stock traded down $0.01 during trading hours on Friday, reaching $2.64. The stock had a trading volume of 246,859 shares, compared to its average volume of 244,198. The company has a fifty day simple moving average of $2.90 and a 200-day simple moving average of $2.75. Cedar Realty Trust has a 52 week low of $2.19 and a 52 week high of $3.76. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.49 and a quick ratio of 0.49. The stock has a market cap of $235.01 million, a PE ratio of 4.55 and a beta of 0.83.
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Friday, November 8th were given a $0.05 dividend. The ex-dividend date was Thursday, November 7th. This represents a $0.20 annualized dividend and a dividend yield of 7.58%. Cedar Realty Trust’s dividend payout ratio is 34.48%.
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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