Cedar Realty Trust, Inc. (NYSE:CDR) – Equities research analysts at Boenning Scattergood decreased their FY2018 earnings per share (EPS) estimates for Cedar Realty Trust in a research report issued to clients and investors on Monday. Boenning Scattergood analyst F. Van. Dijkum now forecasts that the real estate investment trust will earn $0.54 per share for the year, down from their prior forecast of $0.55. Boenning Scattergood currently has a “Sell” rating and a $5.00 target price on the stock.

Several other analysts have also recently commented on the stock. BidaskClub cut shares of Cedar Realty Trust from a “buy” rating to a “hold” rating in a research note on Tuesday. FBR & Co boosted their price objective on shares of Cedar Realty Trust from $5.75 to $6.25 and gave the company an “outperform” rating in a research note on Tuesday. Zacks Investment Research cut shares of Cedar Realty Trust from a “buy” rating to a “hold” rating in a research note on Monday, July 10th. ValuEngine cut shares of Cedar Realty Trust from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, TheStreet raised shares of Cedar Realty Trust from a “d+” rating to a “c” rating in a research note on Friday, May 5th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $6.15.

ILLEGAL ACTIVITY WARNING: This story was first reported by Daily Political and is owned by of Daily Political. If you are accessing this story on another domain, it was illegally stolen and republished in violation of United States & international trademark & copyright laws. The original version of this story can be accessed at https://www.dailypolitical.com/2017/08/09/brokers-set-expectations-for-cedar-realty-trust-inc-s-fy2018-earnings-nysecdr.html.

Cedar Realty Trust (NYSE:CDR) traded up 0.76% on Wednesday, reaching $5.31. The company’s stock had a trading volume of 242,540 shares. The firm has a market capitalization of $436.39 million, a price-to-earnings ratio of 115.43 and a beta of 0.89. The company has a 50 day moving average of $5.05 and a 200 day moving average of $5.35. Cedar Realty Trust has a 52 week low of $4.70 and a 52 week high of $7.98.

Cedar Realty Trust (NYSE:CDR) last released its quarterly earnings data on Friday, August 4th. The real estate investment trust reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.14 by $0.24. The firm had revenue of $35.70 million for the quarter, compared to analysts’ expectations of $35.97 million. Cedar Realty Trust had a return on equity of 2.49% and a net margin of 6.58%. The company’s revenue for the quarter was down 5.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.15 earnings per share.

Several hedge funds have recently made changes to their positions in CDR. Vanguard Group Inc. boosted its stake in shares of Cedar Realty Trust by 6.2% in the first quarter. Vanguard Group Inc. now owns 10,857,885 shares of the real estate investment trust’s stock valued at $54,507,000 after buying an additional 630,915 shares in the last quarter. State Street Corp boosted its stake in shares of Cedar Realty Trust by 6.6% in the first quarter. State Street Corp now owns 3,143,559 shares of the real estate investment trust’s stock valued at $15,785,000 after buying an additional 193,877 shares in the last quarter. Deprince Race & Zollo Inc. boosted its stake in shares of Cedar Realty Trust by 124.3% in the second quarter. Deprince Race & Zollo Inc. now owns 1,832,679 shares of the real estate investment trust’s stock valued at $8,888,000 after buying an additional 1,015,607 shares in the last quarter. Weiss Multi Strategy Advisers LLC bought a new stake in shares of Cedar Realty Trust during the first quarter valued at about $8,785,000. Finally, Kennedy Capital Management Inc. bought a new stake in shares of Cedar Realty Trust during the first quarter valued at about $6,964,000. 97.45% of the stock is owned by institutional investors.

In other news, Director Paul G. Kirk, Jr. sold 9,759 shares of the business’s stock in a transaction on Wednesday, June 21st. The shares were sold at an average price of $4.88, for a total transaction of $47,623.92. Following the completion of the sale, the director now directly owns 75,874 shares of the company’s stock, valued at approximately $370,265.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 4.50% of the stock is owned by insiders.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 21st. Stockholders of record on Friday, August 11th will be paid a dividend of $0.05 per share. The ex-dividend date is Wednesday, August 9th. This represents a $0.20 annualized dividend and a dividend yield of 3.76%. Cedar Realty Trust’s dividend payout ratio is presently -333.28%.

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).

Earnings History and Estimates for Cedar Realty Trust (NYSE:CDR)

Receive News & Ratings for Cedar Realty Trust Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cedar Realty Trust Inc. and related companies with MarketBeat.com's FREE daily email newsletter.