Cedar Realty Trust, Inc. (NYSE:CDR) – Stock analysts at KeyCorp boosted their FY2018 EPS estimates for shares of Cedar Realty Trust in a note issued to investors on Tuesday. KeyCorp analyst T. Thomas now anticipates that the real estate investment trust will post earnings per share of $0.56 for the year, up from their prior estimate of $0.55.

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

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A number of other equities analysts also recently issued reports on the stock. TheStreet raised shares of Cedar Realty Trust from a “d+” rating to a “c” rating in a report on Friday, May 5th. Zacks Investment Research upgraded Cedar Realty Trust from a “sell” rating to a “hold” rating in a research note on Thursday, May 11th. ValuEngine cut Cedar Realty Trust from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. FBR & Co restated an “outperform” rating and issued a $5.75 price objective on shares of Cedar Realty Trust in a research note on Tuesday, July 11th. Finally, BidaskClub upgraded Cedar Realty Trust from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. Cedar Realty Trust currently has an average rating of “Hold” and a consensus target price of $6.15.

Shares of Cedar Realty Trust (NYSE:CDR) traded down 2.88% on Friday, reaching $5.06. 617,179 shares of the company traded hands. Cedar Realty Trust has a one year low of $4.70 and a one year high of $7.98. The firm has a 50-day moving average price of $5.09 and a 200 day moving average price of $5.32. The company’s market capitalization is $415.92 million.

Several institutional investors have recently modified their holdings of CDR. Independent Portfolio Consultants Inc. boosted its stake in Cedar Realty Trust by 9.1% in the first quarter. Independent Portfolio Consultants Inc. now owns 20,345 shares of the real estate investment trust’s stock valued at $102,000 after buying an additional 1,705 shares during the period. OppenheimerFunds Inc. boosted its position in shares of Cedar Realty Trust by 50.3% in the first quarter. OppenheimerFunds Inc. now owns 22,840 shares of the real estate investment trust’s stock valued at $114,000 after buying an additional 7,648 shares during the last quarter. Credit Agricole S A boosted its position in shares of Cedar Realty Trust by 69.0% in the first quarter. Credit Agricole S A now owns 24,425 shares of the real estate investment trust’s stock valued at $123,000 after buying an additional 9,970 shares during the last quarter. Bank of Montreal Can boosted its position in shares of Cedar Realty Trust by 2.1% in the first quarter. Bank of Montreal Can now owns 24,850 shares of the real estate investment trust’s stock valued at $125,000 after buying an additional 504 shares during the last quarter. Finally, Louisiana State Employees Retirement System boosted its position in shares of Cedar Realty Trust by 1.6% in the first quarter. Louisiana State Employees Retirement System now owns 31,000 shares of the real estate investment trust’s stock valued at $156,000 after buying an additional 500 shares during the last quarter. Hedge funds and other institutional investors own 97.45% of the company’s stock.

In other Cedar Realty Trust news, Director Paul G. Kirk, Jr. sold 9,759 shares of the stock in a transaction on Wednesday, June 21st. The stock was sold at an average price of $4.88, for a total value of $47,623.92. Following the completion of the transaction, the director now owns 75,874 shares in the company, valued at $370,265.12. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 4.50% of the stock is currently owned by corporate insiders.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 21st. Shareholders of record on Friday, August 11th will be issued a $0.05 dividend. The ex-dividend date is Wednesday, August 9th. This represents a $0.20 dividend on an annualized basis and a yield of 3.84%. Cedar Realty Trust’s dividend payout ratio (DPR) is -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)

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