Wall Street brokerages forecast that Cedar Realty Trust Inc (NYSE:CDR) will post sales of $33.45 million for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Cedar Realty Trust’s earnings, with the highest sales estimate coming in at $34.83 million and the lowest estimate coming in at $31.46 million. Cedar Realty Trust posted sales of $35.66 million in the same quarter last year, which suggests a negative year-over-year growth rate of 6.2%. The business is scheduled to issue its next quarterly earnings results on Thursday, August 6th.

According to Zacks, analysts expect that Cedar Realty Trust will report full year sales of $143.06 million for the current year, with estimates ranging from $140.28 million to $148.62 million. For the next year, analysts anticipate that the company will post sales of $141.05 million, with estimates ranging from $133.81 million to $144.72 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover Cedar Realty Trust.

Cedar Realty Trust (NYSE:CDR) last announced its quarterly earnings results on Thursday, May 14th. The real estate investment trust reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.24). The company had revenue of $42.49 million during the quarter, compared to the consensus estimate of $39.34 million. Cedar Realty Trust had a negative return on equity of 1.14% and a negative net margin of 2.71%.

Several brokerages recently issued reports on CDR. Zacks Investment Research downgraded Cedar Realty Trust from a “hold” rating to a “sell” rating in a report on Monday, June 29th. ValuEngine downgraded Cedar Realty Trust from a “sell” rating to a “strong sell” rating in a report on Tuesday, June 30th. Finally, B. Riley cut their price target on Cedar Realty Trust from $5.00 to $2.00 and set a “buy” rating on the stock in a report on Friday, April 3rd. Three equities research analysts have rated the stock with a sell rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $1.58.

Institutional investors have recently made changes to their positions in the business. Cubist Systematic Strategies LLC raised its stake in Cedar Realty Trust by 73.8% during the 4th quarter. Cubist Systematic Strategies LLC now owns 37,842 shares of the real estate investment trust’s stock valued at $112,000 after acquiring an additional 16,070 shares in the last quarter. Great West Life Assurance Co. Can bought a new stake in Cedar Realty Trust during the 4th quarter valued at $358,000. M&T Bank Corp raised its stake in Cedar Realty Trust by 12.5% during the 1st quarter. M&T Bank Corp now owns 145,288 shares of the real estate investment trust’s stock valued at $136,000 after acquiring an additional 16,148 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in Cedar Realty Trust by 17.9% during the 4th quarter. Thrivent Financial for Lutherans now owns 480,203 shares of the real estate investment trust’s stock valued at $1,417,000 after acquiring an additional 72,746 shares in the last quarter. Finally, State Street Corp raised its stake in Cedar Realty Trust by 3.0% during the 4th quarter. State Street Corp now owns 2,888,169 shares of the real estate investment trust’s stock valued at $8,520,000 after acquiring an additional 85,278 shares in the last quarter. 83.58% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE CDR traded down $0.02 during mid-day trading on Wednesday, hitting $1.01. The company had a trading volume of 882,400 shares, compared to its average volume of 998,673. The stock has a market cap of $91.56 million, a price-to-earnings ratio of -5.69 and a beta of 1.48. Cedar Realty Trust has a 12 month low of $0.53 and a 12 month high of $3.69. The company has a debt-to-equity ratio of 2.13, a current ratio of 1.59 and a quick ratio of 1.59. The firm’s 50 day simple moving average is $1.02 and its two-hundred day simple moving average is $1.74.

Cedar Realty Trust Company Profile

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

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