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.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 20th. Investors of record on Monday, February 12th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 4.43%. The ex-dividend date is Friday, February 9th. Cedar Realty Trust’s dividend payout ratio (DPR) is currently -666.67%.

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).

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

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