Cedar Realty Trust (CDR) Issues FY18 Earnings Guidance
Cedar Realty Trust (NYSE:CDR) issued an update on its FY18 earnings guidance on Thursday morning. The company provided EPS guidance of $0.53 to $0.55 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.57.
Cedar Realty Trust (NYSE:CDR) opened at $4.51 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.49. Cedar Realty Trust has a one year low of $4.20 and a one year high of $6.34. The company has a market cap of $411.84, a price-to-earnings ratio of -150.33 and a beta of 0.75.
Cedar Realty Trust (NYSE:CDR) last issued its earnings results on Thursday, February 8th. The real estate investment trust reported $0.03 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.11). Cedar Realty Trust had a return on equity of 4.77% and a net margin of 13.11%. The firm had revenue of $37.14 million during the quarter, compared to analysts’ expectations of $37.06 million. During the same period in the previous year, the firm earned $0.14 earnings per share. The firm’s quarterly revenue was down .1% compared to the same quarter last year. analysts anticipate that Cedar Realty Trust will post 0.57 EPS for the current year.
Several analysts recently weighed in on CDR shares. Zacks Investment Research cut shares of Cedar Realty Trust from a buy rating to a hold rating in a report on Wednesday, November 29th. Boenning Scattergood reiterated a sell rating and issued a $4.50 price target on shares of Cedar Realty Trust in a report on Monday, November 6th. ValuEngine upgraded shares of Cedar Realty Trust from a hold rating to a buy rating in a report on Friday, December 15th. Finally, KeyCorp reiterated a hold rating on shares of Cedar Realty Trust in a report on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $5.81.
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About Cedar Realty Trust
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).
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