Analysts Set Expectations for Cedar Realty Trust Inc’s Q1 2019 Earnings (CDR)

Cedar Realty Trust Inc (NYSE:CDR) – Investment analysts at KeyCorp issued their Q1 2019 earnings per share estimates for Cedar Realty Trust in a research report issued on Monday, February 11th. KeyCorp analyst T. Thomas expects that the real estate investment trust will post earnings of $0.11 per share for the quarter. KeyCorp also issued estimates for Cedar Realty Trust’s Q2 2019 earnings at $0.11 EPS, Q3 2019 earnings at $0.11 EPS and Q4 2019 earnings at $0.11 EPS.

Cedar Realty Trust (NYSE:CDR) last announced its quarterly earnings data on Thursday, February 7th. The real estate investment trust reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.11). The firm had revenue of $36.93 million for the quarter, compared to analyst estimates of $35.99 million. Cedar Realty Trust had a return on equity of 0.96% and a net margin of 2.56%.

A number of other brokerages also recently issued reports on CDR. Zacks Investment Research downgraded shares of Cedar Realty Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, November 13th. ValuEngine upgraded shares of Cedar Realty Trust from a “sell” rating to a “hold” rating in a research note on Thursday, December 6th. Finally, B. Riley reiterated a “buy” rating on shares of Cedar Realty Trust in a research note on Tuesday, November 13th. Two analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $5.00.

Shares of Cedar Realty Trust stock opened at $3.57 on Wednesday. The stock has a market cap of $332.91 million, a price-to-earnings ratio of 6.16 and a beta of 1.02. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.02 and a current ratio of 0.92. Cedar Realty Trust has a 12-month low of $2.73 and a 12-month high of $5.34.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 20th. Investors of record on Friday, February 8th will be issued a $0.05 dividend. The ex-dividend date is Thursday, February 7th. This represents a $0.20 dividend on an annualized basis and a yield of 5.60%. Cedar Realty Trust’s dividend payout ratio (DPR) is presently 34.48%.

In other Cedar Realty Trust news, Director Abraham Eisenstat acquired 100,000 shares of the company’s stock in a transaction that occurred on Thursday, December 20th. The stock was acquired at an average price of $2.87 per share, for a total transaction of $287,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Bruce J. Schanzer acquired 10,840 shares of the company’s stock in a transaction that occurred on Tuesday, November 27th. The stock was acquired at an average price of $3.40 per share, with a total value of $36,856.00. Following the acquisition, the insider now owns 2,111,393 shares in the company, valued at $7,178,736.20. The disclosure for this purchase can be found here. 4.41% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its holdings in Cedar Realty Trust by 1.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,376,694 shares of the real estate investment trust’s stock valued at $6,498,000 after buying an additional 19,990 shares during the last quarter. Martingale Asset Management L P raised its holdings in Cedar Realty Trust by 17.5% in the 3rd quarter. Martingale Asset Management L P now owns 335,180 shares of the real estate investment trust’s stock valued at $1,562,000 after buying an additional 49,922 shares during the last quarter. Thrivent Financial for Lutherans raised its holdings in Cedar Realty Trust by 6.0% in the 3rd quarter. Thrivent Financial for Lutherans now owns 1,352,383 shares of the real estate investment trust’s stock valued at $6,302,000 after buying an additional 76,819 shares during the last quarter. Man Group plc raised its holdings in Cedar Realty Trust by 1,670.7% in the 3rd quarter. Man Group plc now owns 1,574,551 shares of the real estate investment trust’s stock valued at $7,337,000 after buying an additional 1,485,629 shares during the last quarter. Finally, AQR Capital Management LLC raised its holdings in Cedar Realty Trust by 79.9% in the 3rd quarter. AQR Capital Management LLC now owns 622,977 shares of the real estate investment trust’s stock valued at $2,903,000 after buying an additional 276,684 shares during the last quarter. Institutional investors and hedge funds own 92.51% of the company’s stock.

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

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