Equities analysts predict that Cedar Realty Trust Inc (NYSE:CDR) will announce sales of $36.57 million for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Cedar Realty Trust’s earnings, with the lowest sales estimate coming in at $36.10 million and the highest estimate coming in at $37.09 million. Cedar Realty Trust posted sales of $37.57 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 2.7%. The company is expected to announce its next quarterly earnings results after the market closes on Thursday, May 2nd.
According to Zacks, analysts expect that Cedar Realty Trust will report full year sales of $144.68 million for the current financial year, with estimates ranging from $144.20 million to $145.39 million. For the next financial year, analysts expect that the company will post sales of $143.19 million, with estimates ranging from $135.83 million to $147.27 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Cedar Realty Trust.
Cedar Realty Trust (NYSE:CDR) last announced its quarterly earnings data on Thursday, February 7th. The real estate investment trust reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.11). Cedar Realty Trust had a net margin of 2.56% and a return on equity of 0.96%. The firm had revenue of $36.93 million during the quarter, compared to the consensus estimate of $35.99 million.
Shares of CDR opened at $3.20 on Wednesday. Cedar Realty Trust has a one year low of $2.73 and a one year high of $5.34. The stock has a market capitalization of $277.84 million, a PE ratio of 5.52 and a beta of 1.04. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.57.
The business also recently announced a quarterly dividend, which will be paid on Monday, May 20th. Stockholders 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 dividend yield of 6.25%. The ex-dividend date is Thursday, May 9th. Cedar Realty Trust’s dividend payout ratio is presently 34.48%.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. lifted its stake in shares of Cedar Realty Trust by 10.6% during the 3rd quarter. BlackRock Inc. now owns 13,450,470 shares of the real estate investment trust’s stock worth $62,679,000 after buying an additional 1,287,427 shares during the last quarter. FMR LLC lifted its stake 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 worth $13,002,000 after buying an additional 328,844 shares during the last quarter. Man Group plc lifted its stake in shares of Cedar Realty Trust by 1,670.7% during the 3rd quarter. Man Group plc now owns 1,574,551 shares of the real estate investment trust’s stock worth $7,337,000 after buying an additional 1,485,629 shares during the last quarter. Thrivent Financial for Lutherans lifted its stake in shares of Cedar Realty Trust by 6.0% during the 3rd quarter. Thrivent Financial for Lutherans now owns 1,352,383 shares of the real estate investment trust’s stock worth $6,302,000 after buying an additional 76,819 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its stake in shares of Cedar Realty Trust by 20.3% during the 3rd quarter. Renaissance Technologies LLC now owns 1,321,516 shares of the real estate investment trust’s stock worth $6,158,000 after buying an additional 223,284 shares during the last quarter. Institutional investors own 90.26% of the company’s stock.
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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