Cedar Realty Trust (NYSE:CDR) issued its quarterly earnings data on Thursday. The real estate investment trust reported $0.03 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.11), Yahoo Finance reports. Cedar Realty Trust had a return on equity of 4.18% and a net margin of 11.42%. The business had revenue of $37.14 million for the quarter, compared to analysts’ expectations of $37.06 million. During the same period in the previous year, the business posted $0.14 earnings per share. The company’s revenue for the quarter was down .1% on a year-over-year basis. Cedar Realty Trust updated its FY18 guidance to $0.53 to $0.55 EPS.
Cedar Realty Trust (NYSE:CDR) traded down $0.17 during mid-day trading on Friday, hitting $4.29. 167,658 shares of the stock traded hands, compared to its average volume of 486,625. Cedar Realty Trust has a one year low of $4.26 and a one year high of $6.34. The firm has a market cap of $425.54, a PE ratio of -64.43 and a beta of 0.75. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.72 and a quick ratio of 0.72.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 20th. Stockholders of record on Monday, February 12th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 4.66%. The ex-dividend date of this dividend is Friday, February 9th. Cedar Realty Trust’s dividend payout ratio (DPR) is presently -285.71%.
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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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