Cedar Realty Trust (CDR) Releases Quarterly Earnings Results, Beats Estimates By $0.10 EPS

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Cedar Realty Trust (NYSE:CDR) announced its quarterly earnings results on Thursday. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.10, Bloomberg Earnings reports. The company had revenue of $36.88 million during the quarter, compared to the consensus estimate of $36.57 million. Cedar Realty Trust had a net margin of 2.56% and a return on equity of 0.96%.

NYSE CDR traded up $0.10 on Friday, reaching $3.25. The company had a trading volume of 246,447 shares, compared to its average volume of 354,592. The company has a market capitalization of $285.85 million, a price-to-earnings ratio of 5.60 and a beta of 0.98. Cedar Realty Trust has a fifty-two week low of $2.73 and a fifty-two week high of $5.34. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.57.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 20th. Investors of record on Friday, May 10th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $0.20 dividend on an annualized basis and a yield of 6.15%. Cedar Realty Trust’s payout ratio is 34.48%.

Several brokerages have recently issued reports on CDR. ValuEngine downgraded shares of Cedar Realty Trust from a “hold” rating to a “sell” rating in a report on Wednesday. Zacks Investment Research upgraded shares of Cedar Realty Trust from a “sell” rating to a “hold” rating in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $5.00.

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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 for Cedar Realty Trust (NYSE:CDR)

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