Analysts expect Cedar Realty Trust Inc (NYSE:CDR) to post $36.43 million in sales for the current quarter, Zacks reports. Four analysts have issued estimates for Cedar Realty Trust’s earnings. The highest sales estimate is $37.09 million and the lowest is $36.10 million. Cedar Realty Trust reported sales of $37.57 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 3%. The firm is expected to issue its next earnings results on Thursday, May 2nd.

On average, analysts expect that Cedar Realty Trust will report full year sales of $144.03 million for the current financial year, with estimates ranging from $142.82 million to $144.92 million. For the next financial year, analysts forecast that the company will report sales of $141.89 million, with estimates ranging from $130.63 million to $147.27 million. Zacks’ sales averages are a mean average based on a survey of analysts that that provide coverage for Cedar Realty Trust.

Cedar Realty Trust (NYSE:CDR) last posted its quarterly earnings data on Thursday, February 7th. The real estate investment trust reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.11). The company had revenue of $36.93 million during the quarter, compared to analyst estimates of $35.99 million. Cedar Realty Trust had a net margin of 2.56% and a return on equity of 0.96%.

Several research firms have weighed in on CDR. Zacks Investment Research cut shares of Cedar Realty Trust from a “hold” rating to a “sell” rating in a research report on Monday, November 26th. ValuEngine upgraded shares of Cedar Realty Trust from a “sell” rating to a “hold” rating in a research report on Thursday, December 6th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $5.00.

In related news, Director Abraham Eisenstat acquired 100,000 shares of the stock in a transaction on Thursday, December 20th. The stock was purchased at an average price of $2.87 per share, for a total transaction of $287,000.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 4.41% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of CDR. Brinker Capital Inc. acquired a new stake in shares of Cedar Realty Trust during the 4th quarter worth approximately $34,000. Oregon Public Employees Retirement Fund acquired a new stake in shares of Cedar Realty Trust during the 4th quarter worth approximately $34,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in shares of Cedar Realty Trust by 58.4% during the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 17,635 shares of the real estate investment trust’s stock worth $55,000 after buying an additional 6,500 shares during the period. Municipal Employees Retirement System of Michigan acquired a new stake in shares of Cedar Realty Trust during the 4th quarter worth approximately $79,000. Finally, Metropolitan Life Insurance Co. NY grew its position in shares of Cedar Realty Trust by 273.4% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 42,771 shares of the real estate investment trust’s stock worth $134,000 after buying an additional 31,316 shares during the period. Hedge funds and other institutional investors own 90.23% of the company’s stock.

CDR traded up $0.01 during midday trading on Friday, hitting $3.35. The company had a trading volume of 952,089 shares, compared to its average volume of 426,537. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.57. The stock has a market capitalization of $298.50 million, a PE ratio of 5.78 and a beta of 1.04. Cedar Realty Trust has a twelve month low of $2.73 and a twelve month high of $5.34.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 20th. Shareholders of record on Friday, February 8th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 5.97%. The ex-dividend date of this dividend was Thursday, February 7th. Cedar Realty Trust’s payout ratio is presently 34.48%.

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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