Cedar Realty Trust, Inc. (NYSE:CDR) – Stock analysts at KeyCorp decreased their FY2017 earnings per share (EPS) estimates for shares of Cedar Realty Trust in a report released on Thursday. KeyCorp analyst T. Thomas now anticipates that the real estate investment trust will post earnings of $0.45 per share for the year, down from their previous estimate of $0.53. KeyCorp currently has a “Hold” rating on the stock. KeyCorp also issued estimates for Cedar Realty Trust’s FY2018 earnings at $0.57 EPS.

Cedar Realty Trust (NYSE:CDR) last issued its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.01. The company had revenue of $36.40 million during the quarter, compared to analyst estimates of $35.31 million. Cedar Realty Trust had a net margin of 11.42% and a return on equity of 4.18%. The company’s revenue for the quarter was down 3.7% on a year-over-year basis. During the same quarter last year, the business posted $0.15 EPS. TRADEMARK VIOLATION NOTICE: This story was first posted by Watch List News and is the property of of Watch List News. If you are reading this story on another website, it was illegally stolen and republished in violation of U.S. and international copyright & trademark legislation. The original version of this story can be viewed at https://www.watchlistnews.com/keycorp-comments-on-cedar-realty-trust-inc-s-fy2017-earnings-cdr/1682255.html.

CDR has been the subject of several other research reports. FBR & Co reaffirmed an “outperform” rating and issued a $5.75 price objective on shares of Cedar Realty Trust in a research note on Tuesday, July 11th. Boenning Scattergood set a $5.00 price objective on shares of Cedar Realty Trust and gave the company a “sell” rating in a research note on Monday, August 7th. Zacks Investment Research lowered shares of Cedar Realty Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. BidaskClub lowered shares of Cedar Realty Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Finally, ValuEngine raised shares of Cedar Realty Trust from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $6.15.

Shares of Cedar Realty Trust (NYSE:CDR) opened at $5.75 on Monday. 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 52 week low of $4.70 and a 52 week high of $6.79. The stock has a market cap of $525.07, a price-to-earnings ratio of 10.27 and a beta of 0.93.

A number of institutional investors and hedge funds have recently made changes to their positions in CDR. UBS Asset Management Americas Inc. raised its holdings in Cedar Realty Trust by 20.5% in the 1st quarter. UBS Asset Management Americas Inc. now owns 133,473 shares of the real estate investment trust’s stock worth $670,000 after acquiring an additional 22,717 shares during the period. Karp Capital Management Corp bought a new position in Cedar Realty Trust in the 1st quarter worth $196,000. Ameriprise Financial Inc. raised its holdings in Cedar Realty Trust by 10.4% in the 1st quarter. Ameriprise Financial Inc. now owns 435,056 shares of the real estate investment trust’s stock worth $2,184,000 after acquiring an additional 41,128 shares during the period. OppenheimerFunds Inc. raised its holdings in Cedar Realty Trust by 50.3% in the 1st quarter. OppenheimerFunds Inc. now owns 22,840 shares of the real estate investment trust’s stock worth $114,000 after acquiring an additional 7,648 shares during the period. Finally, Principal Financial Group Inc. raised its holdings in Cedar Realty Trust by 3.4% in the 1st quarter. Principal Financial Group Inc. now owns 591,325 shares of the real estate investment trust’s stock worth $2,969,000 after acquiring an additional 19,492 shares during the period. Hedge funds and other institutional investors own 92.25% of the company’s stock.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 20th. Investors of record on Friday, November 10th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 3.48%. The ex-dividend date is Thursday, November 9th. Cedar Realty Trust’s payout ratio is presently -285.71%.

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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