Cedar Realty Trust Inc Forecasted to Post Q1 2019 Earnings of $0.15 Per Share (CDR)

Cedar Realty Trust Inc (NYSE:CDR) – Investment analysts at Boenning Scattergood issued their Q1 2019 earnings per share (EPS) estimates for shares of Cedar Realty Trust in a research note issued on Tuesday. Boenning Scattergood analyst F. Van. Dijkum forecasts that the real estate investment trust will post earnings per share of $0.15 for the quarter. Boenning Scattergood has a “Sell” rating and a $5.00 price objective on the stock. Boenning Scattergood also issued estimates for Cedar Realty Trust’s Q2 2019 earnings at $0.14 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 issued its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.01. The company had revenue of $36.40 million during the quarter, compared to analyst estimates of $35.31 million. Cedar Realty Trust had a return on equity of 4.18% and a net margin of 11.42%. The firm’s revenue for the quarter was down 3.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.15 earnings per share.

A number of other research firms have also recently commented on CDR. Zacks Investment Research cut Cedar Realty Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. Raymond James Financial restated a “hold” rating on shares of Cedar Realty Trust in a research note on Thursday, December 14th. ValuEngine upgraded Cedar Realty Trust from a “hold” rating to a “buy” rating in a research note on Friday, December 15th. B. Riley restated a “buy” rating on shares of Cedar Realty Trust in a research note on Wednesday, November 1st. Finally, KeyCorp restated a “hold” rating on shares of Cedar Realty Trust in a research note on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $6.06.

Shares of Cedar Realty Trust (NYSE:CDR) traded down $0.22 during trading on Wednesday, reaching $5.50. The company had a trading volume of 1,060,598 shares, compared to its average volume of 537,571. The stock has a market capitalization of $522.33, a price-to-earnings ratio of -78.57 and a beta of 0.96. Cedar Realty Trust has a 52 week low of $4.70 and a 52 week high of $6.39. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.49.

A number of institutional investors have recently bought and sold shares of CDR. GSA Capital Partners LLP grew its holdings in shares of Cedar Realty Trust by 49.5% during the third quarter. GSA Capital Partners LLP now owns 123,661 shares of the real estate investment trust’s stock worth $695,000 after purchasing an additional 40,929 shares during the last quarter. California Public Employees Retirement System grew its holdings in shares of Cedar Realty Trust by 9.2% during the third quarter. California Public Employees Retirement System now owns 262,582 shares of the real estate investment trust’s stock worth $1,476,000 after purchasing an additional 22,082 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Cedar Realty Trust by 4.0% during the third quarter. Dimensional Fund Advisors LP now owns 1,262,124 shares of the real estate investment trust’s stock worth $7,093,000 after buying an additional 48,864 shares during the last quarter. Schwab Charles Investment Management Inc. grew its holdings in shares of Cedar Realty Trust by 7.1% during the third quarter. Schwab Charles Investment Management Inc. now owns 811,146 shares of the real estate investment trust’s stock worth $4,559,000 after buying an additional 53,665 shares during the last quarter. Finally, Wells Fargo & Company MN grew its holdings in shares of Cedar Realty Trust by 55.2% during the third quarter. Wells Fargo & Company MN now owns 92,012 shares of the real estate investment trust’s stock worth $517,000 after buying an additional 32,732 shares during the last quarter. Institutional investors own 92.64% of the company’s stock.

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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).

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

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