Wall Street brokerages forecast that Cedar Realty Trust Inc (NYSE:CDR) will report $35.71 million in sales for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Cedar Realty Trust’s earnings. The highest sales estimate is $36.20 million and the lowest is $35.32 million. Cedar Realty Trust reported sales of $36.17 million in the same quarter last year, which indicates a negative year over year growth rate of 1.3%. The business is scheduled to report its next quarterly earnings report on Thursday, November 7th.
On average, analysts expect that Cedar Realty Trust will report full-year sales of $144.62 million for the current year, with estimates ranging from $143.42 million to $145.39 million. For the next financial year, analysts anticipate that the firm will report sales of $143.22 million, with estimates ranging from $135.83 million to $147.61 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Cedar Realty Trust.
Cedar Realty Trust (NYSE:CDR) last issued its earnings results on Thursday, August 1st. The real estate investment trust reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.08). Cedar Realty Trust had a return on equity of 4.86% and a net margin of 13.08%. The firm had revenue of $35.66 million during the quarter, compared to the consensus estimate of $35.77 million.
Large investors have recently added to or reduced their stakes in the stock. Millennium Management LLC boosted its holdings in Cedar Realty Trust by 68.7% in the fourth quarter. Millennium Management LLC now owns 1,101,047 shares of the real estate investment trust’s stock valued at $3,457,000 after acquiring an additional 448,250 shares in the last quarter. Forsta AP Fonden bought a new stake in shares of Cedar Realty Trust during the 1st quarter valued at $108,000. Foundry Partners LLC boosted its holdings in shares of Cedar Realty Trust by 6.3% during the 1st quarter. Foundry Partners LLC now owns 1,308,915 shares of the real estate investment trust’s stock valued at $4,450,000 after buying an additional 77,475 shares in the last quarter. FMR LLC boosted its holdings in shares of Cedar Realty Trust by 8.6% during the 4th quarter. FMR LLC now owns 4,140,727 shares of the real estate investment trust’s stock valued at $13,002,000 after buying an additional 328,844 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in shares of Cedar Realty Trust by 23.3% during the 1st quarter. Victory Capital Management Inc. now owns 461,350 shares of the real estate investment trust’s stock valued at $1,569,000 after buying an additional 87,100 shares in the last quarter. Institutional investors and hedge funds own 90.45% of the company’s stock.
Shares of Cedar Realty Trust stock traded down $0.03 on Friday, hitting $2.29. The stock had a trading volume of 243,288 shares, compared to its average volume of 415,210. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 1.67. Cedar Realty Trust has a one year low of $2.28 and a one year high of $4.74. The stock has a market cap of $207.42 million, a price-to-earnings ratio of 3.95 and a beta of 0.88. The stock’s 50-day simple moving average is $2.49 and its two-hundred day simple moving average is $3.00.
The business also recently declared a quarterly dividend, which was paid on Tuesday, August 20th. Investors of record on Friday, August 9th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 8.73%. The ex-dividend date was Thursday, August 8th. Cedar Realty Trust’s dividend payout ratio (DPR) is currently 34.48%.
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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