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%.
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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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