Analysts expect that Cedar Realty Trust, Inc. (NYSE:CDR) will post sales of $32.25 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Cedar Realty Trust’s earnings, with the lowest sales estimate coming in at $31.95 million and the highest estimate coming in at $32.43 million. Cedar Realty Trust posted sales of $42.49 million in the same quarter last year, which suggests a negative year-over-year growth rate of 24.1%. The business is scheduled to report its next earnings report after the market closes on Thursday, May 6th.
On average, analysts expect that Cedar Realty Trust will report full year sales of $129.07 million for the current year, with estimates ranging from $128.18 million to $129.77 million. For the next financial year, analysts forecast that the firm will post sales of $133.08 million, with estimates ranging from $131.01 million to $135.02 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow Cedar Realty Trust.
Cedar Realty Trust (NYSE:CDR) last announced its quarterly earnings results on Thursday, February 4th. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.34). Cedar Realty Trust had a negative net margin of 12.36% and a negative return on equity of 5.13%.
A hedge fund recently bought a new stake in Cedar Realty Trust stock. Amundi Pioneer Asset Management Inc. bought a new position in shares of Cedar Realty Trust, Inc. (NYSE:CDR) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 61,030 shares of the real estate investment trust’s stock, valued at approximately $618,000. Amundi Pioneer Asset Management Inc. owned about 0.45% of Cedar Realty Trust at the end of the most recent quarter.
NYSE CDR traded down $0.19 on Tuesday, reaching $15.81. The company’s stock had a trading volume of 18,185 shares, compared to its average volume of 73,980. The firm’s 50 day moving average is $15.25 and its two-hundred day moving average is $11.46. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.43 and a current ratio of 0.43. The stock has a market cap of $214.53 million, a PE ratio of -7.26 and a beta of 1.49. Cedar Realty Trust has a twelve month low of $4.29 and a twelve month high of $16.93.
The business also recently announced a quarterly dividend, which will be paid on Thursday, May 20th. Shareholders of record on Monday, May 10th will be given a dividend of $0.066 per share. The ex-dividend date is Friday, May 7th. This represents a $0.26 dividend on an annualized basis and a yield of 1.67%. Cedar Realty Trust’s payout ratio is currently 8.75%.
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 54 properties, with approximately 8.1 million square feet of gross leasable area.
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