Cedar Realty Trust (CDR) Announces Earnings Results

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

CDR stock traded up $0.10 during mid-day trading on Friday, reaching $3.25. 247,949 shares of the stock traded hands, compared to its average volume of 354,592. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.57. Cedar Realty Trust has a 52-week low of $2.73 and a 52-week high of $5.34. The firm has a market capitalization of $289.41 million, a PE ratio of 5.60 and a beta of 0.98.

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

CDR has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Cedar Realty Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, April 24th. ValuEngine lowered shares of Cedar Realty Trust from a “hold” rating to a “sell” rating in a research note on Wednesday. Two analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $5.00.

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About Cedar Realty Trust

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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