Equities analysts expect that Cedar Realty Trust Inc (NYSE:CDR) will report $0.14 earnings per share (EPS) for the current quarter, according to Zacks. Three analysts have made estimates for Cedar Realty Trust’s earnings, with estimates ranging from $0.13 to $0.14. Cedar Realty Trust also reported earnings of $0.14 per share during the same quarter last year. The firm is scheduled to announce its next quarterly earnings report on Thursday, November 1st.
On average, analysts expect that Cedar Realty Trust will report full year earnings of $0.58 per share for the current year, with EPS estimates ranging from $0.56 to $0.59. For the next year, analysts expect that the company will report earnings of $0.55 per share, with EPS estimates ranging from $0.53 to $0.56. Zacks’ EPS averages are an average based on a survey of sell-side analysts that follow Cedar Realty Trust.
Cedar Realty Trust (NYSE:CDR) last issued its earnings results on Thursday, August 2nd. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.10). The firm had revenue of $41.35 million during the quarter, compared to the consensus estimate of $40.59 million. Cedar Realty Trust had a net margin of 3.25% and a return on equity of 1.20%.
In related news, CFO Philip Mays sold 25,000 shares of the company’s stock in a transaction dated Tuesday, August 7th. The shares were sold at an average price of $4.56, for a total value of $114,000.00. Following the transaction, the chief financial officer now owns 444,992 shares in the company, valued at approximately $2,029,163.52. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Bruce J. Schanzer sold 30,000 shares of the company’s stock in a transaction dated Tuesday, June 19th. The shares were sold at an average price of $4.46, for a total transaction of $133,800.00. Following the completion of the transaction, the insider now owns 2,103,593 shares in the company, valued at approximately $9,382,024.78. The disclosure for this sale can be found here. 4.41% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in CDR. Wells Fargo & Company MN grew its stake in Cedar Realty Trust by 38.1% in the 4th quarter. Wells Fargo & Company MN now owns 127,110 shares of the real estate investment trust’s stock valued at $773,000 after buying an additional 35,098 shares during the last quarter. Geode Capital Management LLC grew its stake in Cedar Realty Trust by 4.3% in the 4th quarter. Geode Capital Management LLC now owns 815,549 shares of the real estate investment trust’s stock valued at $4,958,000 after buying an additional 33,588 shares during the last quarter. Deutsche Bank AG grew its stake in Cedar Realty Trust by 280.6% in the 4th quarter. Deutsche Bank AG now owns 334,714 shares of the real estate investment trust’s stock valued at $2,032,000 after buying an additional 246,776 shares during the last quarter. Teachers Advisors LLC grew its stake in Cedar Realty Trust by 10.6% in the 4th quarter. Teachers Advisors LLC now owns 156,420 shares of the real estate investment trust’s stock valued at $951,000 after buying an additional 14,959 shares during the last quarter. Finally, Millennium Management LLC acquired a new position in Cedar Realty Trust in the 4th quarter valued at about $309,000.
Shares of CDR stock opened at $4.45 on Friday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.54. The stock has a market capitalization of $416.84 million, a PE ratio of 8.09 and a beta of 0.87. Cedar Realty Trust has a 52-week low of $3.54 and a 52-week high of $6.29.
The company also recently announced a quarterly dividend, which will be paid on Monday, August 20th. Stockholders of record on Friday, August 10th will be issued a $0.05 dividend. The ex-dividend date is Thursday, August 9th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 4.49%. Cedar Realty Trust’s payout ratio is 36.36%.
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 59 properties, with approximately 8.7 million square feet of gross leasable area.
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