Wall Street analysts predict that Cedar Realty Trust Inc (NYSE:CDR) will announce sales of $35.63 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Cedar Realty Trust’s earnings. The lowest sales estimate is $35.32 million and the highest is $35.85 million. Cedar Realty Trust reported sales of $36.17 million during the same quarter last year, which would suggest a negative year over year growth rate of 1.5%. The business is expected to announce its next earnings results on Thursday, November 7th.
On average, analysts expect that Cedar Realty Trust will report full-year sales of $144.38 million for the current fiscal year, with estimates ranging from $143.42 million to $144.97 million. For the next fiscal year, analysts forecast that the company will post sales of $145.34 million, with estimates ranging from $144.33 million to $147.61 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover Cedar Realty Trust.
Cedar Realty Trust (NYSE:CDR) last released its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.03 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.08). Cedar Realty Trust had a net margin of 13.08% and a return on equity of 4.86%. The firm had revenue of $35.66 million for the quarter, compared to analyst estimates of $35.77 million.
Shares of NYSE CDR traded down $0.02 during trading on Friday, hitting $2.85. The company had a trading volume of 356,800 shares, compared to its average volume of 343,355. The stock has a fifty day simple moving average of $2.45 and a two-hundred day simple moving average of $2.88. Cedar Realty Trust has a fifty-two week low of $2.19 and a fifty-two week high of $4.68. The firm has a market capitalization of $255.49 million, a price-to-earnings ratio of 4.91 and a beta of 0.90. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 1.67.
The business also recently announced a quarterly dividend, which was paid on Tuesday, August 20th. Stockholders of record on Friday, August 9th were given a $0.05 dividend. The ex-dividend date of this dividend was Thursday, August 8th. This represents a $0.20 annualized dividend and a dividend yield of 7.02%. Cedar Realty Trust’s dividend payout ratio (DPR) is 34.48%.
Several large investors have recently bought and sold shares of CDR. Nuveen Asset Management LLC purchased a new position in shares of Cedar Realty Trust in the second quarter worth about $4,505,000. LSV Asset Management lifted its stake in shares of Cedar Realty Trust by 26.6% in the second quarter. LSV Asset Management now owns 2,636,497 shares of the real estate investment trust’s stock worth $6,986,000 after buying an additional 554,740 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Cedar Realty Trust by 5.9% in the second quarter. Vanguard Group Inc. now owns 9,587,635 shares of the real estate investment trust’s stock worth $25,407,000 after buying an additional 534,618 shares in the last quarter. BlackRock Inc. lifted its stake in shares of Cedar Realty Trust by 3.6% in the second quarter. BlackRock Inc. now owns 13,762,239 shares of the real estate investment trust’s stock worth $36,469,000 after buying an additional 476,363 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its stake in shares of Cedar Realty Trust by 24.1% in the second quarter. Renaissance Technologies LLC now owns 2,213,941 shares of the real estate investment trust’s stock worth $5,867,000 after buying an additional 429,525 shares in the last quarter. 89.27% of the stock is currently owned by hedge funds and other institutional investors.
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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