$0.14 EPS Expected for Cedar Realty Trust, Inc. (CDR) This Quarter

Wall Street analysts expect that Cedar Realty Trust, Inc. (NYSE:CDR) will post $0.14 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Cedar Realty Trust’s earnings. Cedar Realty Trust reported earnings of $0.15 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 6.7%. The business is expected to report its next earnings report on Thursday, August 3rd.

According to Zacks, analysts expect that Cedar Realty Trust will report full-year earnings of $0.54 per share for the current year, with EPS estimates ranging from $0.53 to $0.54. For the next fiscal year, analysts anticipate that the firm will report earnings of $0.55 per share, with EPS estimates ranging from $0.55 to $0.56. Zacks Investment Research’s EPS 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 announced its earnings results on Thursday, May 4th. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.01. Cedar Realty Trust had a net margin of 12.74% and a return on equity of 4.88%. The company had revenue of $36.77 million for the quarter, compared to analyst estimates of $36.37 million. During the same period in the prior year, the business earned $0.14 earnings per share. Cedar Realty Trust’s quarterly revenue was down 3.9% on a year-over-year basis.

Several brokerages have recently weighed in on CDR. Zacks Investment Research upgraded Cedar Realty Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, March 22nd. Robert W. Baird upgraded shares of Cedar Realty Trust from a “neutral” rating to an “outperform” rating and decreased their price objective for the stock from $8.00 to $6.00 in a research report on Monday, March 13th. ValuEngine cut shares of Cedar Realty Trust from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, TheStreet upgraded shares of Cedar Realty Trust from a “d+” rating to a “c” rating in a research report on Friday, May 5th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. Cedar Realty Trust presently has a consensus rating of “Hold” and an average target price of $6.94.

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In related news, Director Paul G. Kirk, Jr. sold 9,759 shares of the company’s stock in a transaction that occurred on Wednesday, June 21st. The shares were sold at an average price of $4.88, for a total value of $47,623.92. Following the transaction, the director now directly owns 75,874 shares in the company, valued at $370,265.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 4.50% of the stock is currently owned by corporate insiders.

Hedge funds have recently modified their holdings of the company. Independent Portfolio Consultants Inc. raised its stake in shares of Cedar Realty Trust by 9.1% in the first quarter. Independent Portfolio Consultants Inc. now owns 20,345 shares of the real estate investment trust’s stock valued at $102,000 after buying an additional 1,705 shares in the last quarter. OppenheimerFunds Inc. raised its stake in shares of Cedar Realty Trust by 50.3% in the first quarter. OppenheimerFunds Inc. now owns 22,840 shares of the real estate investment trust’s stock valued at $114,000 after buying an additional 7,648 shares in the last quarter. Credit Agricole S A raised its stake in shares of Cedar Realty Trust by 69.0% in the first quarter. Credit Agricole S A now owns 24,425 shares of the real estate investment trust’s stock valued at $123,000 after buying an additional 9,970 shares in the last quarter. Bank of Montreal Can raised its stake in shares of Cedar Realty Trust by 2.1% in the first quarter. Bank of Montreal Can now owns 24,850 shares of the real estate investment trust’s stock valued at $125,000 after buying an additional 504 shares in the last quarter. Finally, A.R.T. Advisors LLC purchased a new stake in shares of Cedar Realty Trust during the fourth quarter valued at about $164,000. 98.78% of the stock is owned by institutional investors and hedge funds.

Shares of Cedar Realty Trust (CDR) traded up 1.48% during trading on Tuesday, hitting $4.80. 859,608 shares of the stock were exchanged. Cedar Realty Trust has a 52 week low of $4.73 and a 52 week high of $8.08. The firm has a market capitalization of $394.47 million, a P/E ratio of 104.35 and a beta of 0.90. The firm has a 50 day moving average price of $5.15 and a 200 day moving average price of $5.64.

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).new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “CDR”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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