Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Cedar Realty Trust (CDR) Share Price
Media headlines about Cedar Realty Trust (NYSE:CDR) have been trending somewhat positive on Wednesday, according to Accern Sentiment Analysis. The research firm identifies positive and negative news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Cedar Realty Trust earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave media coverage about the real estate investment trust an impact score of 46.2449504318935 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Shares of Cedar Realty Trust (CDR) traded up 0.99% during midday trading on Wednesday, hitting $5.08. 291,481 shares of the stock traded hands. The firm has a 50-day moving average price of $5.12 and a 200 day moving average price of $5.17. The stock’s market cap is $417.56 million. Cedar Realty Trust has a one year low of $4.70 and a one year high of $7.98.
Cedar Realty Trust (NYSE:CDR) last posted its quarterly earnings results on Friday, August 4th. The real estate investment trust reported ($0.10) EPS 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 business had revenue of $35.70 million during the quarter, compared to analyst estimates of $35.97 million. During the same period last year, the firm posted $0.15 earnings per share. The company’s quarterly revenue was down 5.7% on a year-over-year basis. Analysts anticipate that Cedar Realty Trust will post $0.06 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, August 21st. Stockholders of record on Friday, August 11th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 3.98%. The ex-dividend date of this dividend was Wednesday, August 9th. Cedar Realty Trust’s dividend payout ratio (DPR) is presently -333.28%.
Several equities analysts have issued reports on CDR shares. FBR & Co upped their price objective on shares of Cedar Realty Trust from $5.75 to $6.25 and gave the company an “outperform” rating in a research note on Tuesday, August 8th. BidaskClub downgraded shares of Cedar Realty Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, August 16th. ValuEngine downgraded shares of Cedar Realty Trust from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Zacks Investment Research upgraded shares of Cedar Realty Trust from a “sell” rating to a “hold” rating in a research note on Thursday, May 11th. Finally, 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. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. Cedar Realty Trust presently has an average rating of “Hold” and a consensus target price of $6.15.
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In other news, Director Paul G. Kirk, Jr. sold 9,759 shares of Cedar Realty Trust stock in a transaction dated Wednesday, June 21st. The shares were 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 directly owns 75,874 shares of the company’s stock, valued at approximately $370,265.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 4.50% of the company’s stock.
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).
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