Brokerages expect Cedar Realty Trust Inc (NYSE:CDR) to announce earnings of $0.11 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Cedar Realty Trust’s earnings. Cedar Realty Trust posted earnings per share of $0.13 in the same quarter last year, which would indicate a negative year over year growth rate of 15.4%. The company is scheduled to issue its next quarterly earnings results after the market closes on Thursday, February 6th.

According to Zacks, analysts expect that Cedar Realty Trust will report full-year earnings of $0.45 per share for the current year. For the next fiscal year, analysts anticipate that the business will post earnings of $0.46 per share, with EPS estimates ranging from $0.45 to $0.46. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Cedar Realty Trust.

Separately, Zacks Investment Research upgraded Cedar Realty Trust from a “hold” rating to a “buy” rating and set a $3.25 target price on the stock in a research note on Monday.

CDR stock traded up $0.01 during midday trading on Tuesday, hitting $2.70. The stock had a trading volume of 219,249 shares, compared to its average volume of 291,436. The firm has a market capitalization of $243.03 million, a price-to-earnings ratio of 54.01 and a beta of 0.88. The stock has a 50-day simple moving average of $2.81 and a 200 day simple moving average of $2.77. Cedar Realty Trust has a 52 week low of $2.19 and a 52 week high of $3.76. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.72.

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Monday, February 10th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 7.41%. Cedar Realty Trust’s dividend payout ratio (DPR) is 34.48%.

Several institutional investors have recently modified their holdings of the company. Wells Fargo & Company MN raised its position in shares of Cedar Realty Trust by 2.5% in the second quarter. Wells Fargo & Company MN now owns 248,560 shares of the real estate investment trust’s stock worth $652,000 after acquiring an additional 6,085 shares during the period. Bank of Montreal Can lifted its stake in shares of Cedar Realty Trust by 167.6% in the second quarter. Bank of Montreal Can now owns 11,602 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 7,266 shares during the period. Bank of New York Mellon Corp raised its position in shares of Cedar Realty Trust by 2.9% in the second quarter. Bank of New York Mellon Corp now owns 1,194,879 shares of the real estate investment trust’s stock valued at $3,167,000 after buying an additional 33,373 shares during the last quarter. Renaissance Technologies LLC grew its stake in Cedar Realty Trust by 24.1% during the second quarter. Renaissance Technologies LLC now owns 2,213,941 shares of the real estate investment trust’s stock worth $5,867,000 after buying an additional 429,525 shares during the period. Finally, Northern Trust Corp boosted its stake in shares of Cedar Realty Trust by 2.3% in the second quarter. Northern Trust Corp now owns 1,251,980 shares of the real estate investment trust’s stock valued at $3,318,000 after purchasing an additional 27,839 shares during the period. Hedge funds and other institutional investors own 87.85% of the company’s stock.

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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