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). The Company focuses its investment activities on grocery-anchored shopping centers. The Company's properties portfolio comprises 26 properties in Pennsylvania, eight properties in Massachusetts, seven properties in Connecticut, seven properties in Maryland / Washington, D.C, eight properties in Virginia, four properties in New Jersey and one property in New York. The Company's 106 are going to expire in the year 2017. The Company conducts all of its businesses through the Cedar Realty Trust Partnership L.P. (the Operating Partnership).
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Retail REITs
- Sub-Industry: Retail REITs
- Symbol: NYSE:CDR
- CUSIP: 15060220
- Web: www.cedarrealtytrust.com
- Market Cap: $427.42 million
- Outstanding Shares: 82,197,000
- 50 Day Moving Avg: $5.12
- 200 Day Moving Avg: $5.13
- 52 Week Range: $4.70 - $7.56
Sales & Book Value:
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 47.27
- P/E Growth: 7.83
- Annual Revenue: $147.44 million
- Price / Sales: 2.90
- Book Value: $4.67 per share
- Price / Book: 1.11
- Annual Dividend: $0.20
- Dividend Yield: 3.9%
- EBIDTA: $81.98 million
- Net Margins: 6.58%
- Return on Equity: 2.49%
- Return on Assets: 0.77%
- Debt-to-Equity Ratio: 1.61%
- Current Ratio: 0.82%
- Quick Ratio: 0.82%
- Average Volume: 547,505 shs.
- Beta: 0.88
- Short Ratio: 8.14
Frequently Asked Questions for Cedar Realty Trust (NYSE:CDR)
What is Cedar Realty Trust's stock symbol?
Cedar Realty Trust trades on the New York Stock Exchange (NYSE) under the ticker symbol "CDR."
How often does Cedar Realty Trust pay dividends? What is the dividend yield for Cedar Realty Trust?
Cedar Realty Trust announced a quarterly dividend on Friday, July 21st. Investors of record on Friday, August 11th will be paid a dividend of $0.05 per share on Monday, August 21st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.85%. The ex-dividend date is Wednesday, August 9th. View Cedar Realty Trust's Dividend History.
How were Cedar Realty Trust's earnings last quarter?
Cedar Realty Trust, Inc. (NYSE:CDR) posted its quarterly earnings data on Friday, August, 4th. The company reported ($0.10) EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.14 by $0.24. The company earned $35.70 million during the quarter, compared to analysts' expectations of $35.97 million. Cedar Realty Trust had a net margin of 6.58% and a return on equity of 2.49%. Cedar Realty Trust's revenue was down 5.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.15 EPS. View Cedar Realty Trust's Earnings History.
When will Cedar Realty Trust make its next earnings announcement?
What guidance has Cedar Realty Trust issued on next quarter's earnings?
Cedar Realty Trust updated its FY17 earnings guidance on Friday, August, 4th. The company provided earnings per share (EPS) guidance of $0.53-0.55 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.54.
Where is Cedar Realty Trust's stock going? Where will Cedar Realty Trust's stock price be in 2017?
6 analysts have issued 12 month target prices for Cedar Realty Trust's stock. Their forecasts range from $5.00 to $7.75. On average, they expect Cedar Realty Trust's stock price to reach $6.25 in the next twelve months. View Analyst Ratings for Cedar Realty Trust.
Are investors shorting Cedar Realty Trust?
Cedar Realty Trust saw a drop in short interest in August. As of August 15th, there was short interest totalling 2,847,733 shares, a drop of 52.8% from the July 31st total of 6,035,202 shares. Based on an average daily trading volume, of 463,136 shares, the short-interest ratio is presently 6.1 days. Currently, 3.5% of the company's stock are short sold.
Who are some of Cedar Realty Trust's key competitors?
Some companies that are related to Cedar Realty Trust include Independence Realty Trust (IRT), TriCo Bancshares (TCBK), Stewart Information Services Corporation (STC), Heritage Financial Corporation (HFWA), iStar Financial (STAR), Gamco Investors (GBL), Univest Corporation of Pennsylvania (UVSP), Virtus Investment Partners (VRTS), Stock Yards Bancorp (SYBT), Flushing Financial Corporation (FFIC), German American Bancorp (GABC), Chatham Lodging Trust (REIT) (CLDT), First Bancorp (FBNC), Urstadt Biddle Properties (UBA), TrustCo Bank Corp NY (TRST), Ambac Financial Group (AMBC), Green Bancorp (GNBC) and Northfield Bancorp (NFBK).
Who are Cedar Realty Trust's key executives?
Cedar Realty Trust's management team includes the folowing people:
- Bruce J. Schanzer, President, Chief Executive Officer, Director
- Philip R. Mays, Chief Financial Officer,
- Robin McBride Zeigler, Chief Operating Officer, Executive Vice President
- Roger M. Widmann, Non-Executive Independent Chairman of the Board
- Abraham M. Eisenstat, Independent Director
- Gregg A. Gonsalves, Independent Director
- Pamela N. Hootkin, Independent Director
- Paul G. Kirk Jr., Independent Director
Who owns Cedar Realty Trust stock?
Cedar Realty Trust's stock is owned by many different of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (12.87%), FMR LLC (9.85%), InvenTrust Properties Corp. (6.63%), State Street Corp (3.90%), Deprince Race & Zollo Inc. (2.23%) and Northern Trust Corp (1.81%). Company insiders that own Cedar Realty Trust stock include Abraham Eisenstat, Bruce J Schanzer, Paul G Kirk Jr, Philip Mays and Roger M Widmann. View Institutional Ownership Trends for Cedar Realty Trust.
Who sold Cedar Realty Trust stock? Who is selling Cedar Realty Trust stock?
Cedar Realty Trust's stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Kennedy Capital Management Inc., Vanguard Group Inc., Boston Partners, RMR Advisors LLC, Schwab Charles Investment Management Inc., Parametric Portfolio Associates LLC and Tudor Investment Corp ET AL. View Insider Buying and Selling for Cedar Realty Trust.
Who bought Cedar Realty Trust stock? Who is buying Cedar Realty Trust stock?
Cedar Realty Trust's stock was acquired by a variety of institutional investors in the last quarter, including Deprince Race & Zollo Inc., LSV Asset Management, Brandywine Global Investment Management LLC, TIAA CREF Investment Management LLC, Systematic Financial Management LP, Citadel Advisors LLC, Goldman Sachs Group Inc. and Aperio Group LLC. Company insiders that have bought Cedar Realty Trust stock in the last two years include Abraham Eisenstat, Bruce J Schanzer and Roger M Widmann. View Insider Buying and Selling for Cedar Realty Trust.
How do I buy Cedar Realty Trust stock?
Shares of Cedar Realty Trust can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Cedar Realty Trust's stock price today?
MarketBeat Community Rating for Cedar Realty Trust (NYSE CDR)MarketBeat's community ratings are surveys of what our community members think about Cedar Realty Trust and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Cedar Realty Trust stock can currently be purchased for approximately $5.20.
Consensus Ratings for Cedar Realty Trust (NYSE:CDR) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||1 Sell Rating, 1 Hold Rating, 4 Buy Ratings|
|Consensus Rating:||Buy (Score: 2.50)|
|Consensus Price Target: ||$6.25 (20.19% upside)|
Analysts' Ratings History for Cedar Realty Trust (NYSE:CDR)
(Data available from 9/24/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|8/8/2017||FBR & Co||Boost Price Target||Outperform||$5.75 -> $6.25||Low|
|8/7/2017||Boenning Scattergood||Set Price Target||Sell||$5.00||Low|
|3/13/2017||Robert W. Baird||Upgrade||Neutral -> Outperform||$8.00 -> $6.00||Medium|
|1/9/2017||Raymond James Financial, Inc.||Reiterated Rating||Outperform -> Market Perform||N/A|
|11/7/2016||Wunderlich||Lower Price Target||Buy||$8.50 -> $7.75||N/A|
Earnings History for Cedar Realty Trust (NYSE:CDR)Earnings History by Quarter for Cedar Realty Trust (NYSE CDR)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|8/4/2017||Q2 2017||$0.14||($0.10)||$35.97 million||$35.70 million||View||N/A|
|5/4/2017||Q1 2017||$0.13||$0.14||$36.37 million||$36.77 million||View||Listen|
|2/23/2017||Q416||$0.01||$0.14||$36.43 million||$37.17 million||View||N/A|
|11/3/2016||Q316||$0.14||$0.15||$37.33 million||$37.79 million||View||N/A|
|5/5/2016||Q116||$0.04||($0.03)||$38.82 million||$38.25 million||View||N/A|
|2/18/2016||Q415||$0.05||$0.04||$37.14 million||$37.70 million||View||Listen|
|11/5/2015||Q315||$0.14||$0.03||$36.69 million||$36.10 million||View||N/A|
|8/6/2015||Q215||$0.03||$0.02||$36.92 million||$36.70 million||View||Listen|
|5/5/2015||Q115||$0.12||($0.01)||$36.82 million||$38.64 million||View||N/A|
|2/19/2015||Q414||$0.13||$0.13||$36.30 million||$36.70 million||View||N/A|
|2/25/2014||Q413||($0.05)||$0.03||$35.88 million||$35.17 million||View||Listen|
|11/7/2013||Q313||($0.01)||$0.13||$35.03 million||$35.44 million||View||Listen|
Earnings Estimates for Cedar Realty Trust (NYSE:CDR)
2017 EPS Consensus Estimate: $0.53
2018 EPS Consensus Estimate: $0.57
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Cedar Realty Trust (NYSE:CDR)
|Most Recent Dividend:||8/21/2017|
|Dividend Growth:||0.00% (3 Year Average)|
|Payout Ratio:||-333.28% (Trailing 12 Months of Earnings) |
333.33% (Based on This Year's Estimates)
181.82% (Based on Next Year's Estimates)
Dividend History by Quarter for Cedar Realty Trust (NYSE CDR)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Cedar Realty Trust (NYSE:CDR)
Insider Ownership Percentage: 4.50%Insider Trades by Quarter for Cedar Realty Trust (NYSE:CDR)
Institutional Ownership Percentage: 92.21%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|6/21/2017||Paul G Kirk Jr||Director||Sell||9,759||$4.88||$47,623.92|| |
|3/23/2017||Abraham Eisenstat||Director||Buy||10,000||$5.08||$50,800.00|| |
|3/10/2017||Bruce J Schanzer||Insider||Buy||14,000||$4.99||$69,860.00|| |
|3/6/2017||Bruce J Schanzer||Insider||Buy||5,000||$5.37||$26,850.00|| |
|3/6/2017||Roger M Widmann||Director||Buy||3,725||$5.36||$19,966.00|| |
|3/2/2017||Bruce J Schanzer||Insider||Buy||5,000||$5.52||$27,600.00|| |
|2/28/2017||Bruce J Schanzer||Insider||Buy||4,000||$5.87||$23,480.00|| |
|2/27/2017||Bruce J Schanzer||Insider||Buy||7,000||$5.79||$40,530.00|| |
|11/8/2016||Abraham Eisenstat||Director||Buy||5,000||$6.21||$31,050.00|| |
|11/7/2016||Abraham Eisenstat||Director||Buy||10,000||$6.29||$62,900.00|| |
|11/7/2016||Bruce J Schanzer||Insider||Buy||5,000||$6.30||$31,500.00|| |
|9/12/2016||Philip Mays||CFO||Sell||25,000||$7.50||$187,500.00|| |
|5/18/2016||Bruce J Schanzer||Insider||Buy||1,000||$6.75||$6,750.00|| |
|9/3/2015||Bruce J Schanzer||Insider||Buy||2,000||$6.00||$12,000.00|| |
|8/26/2015||Abraham Eisenstat||Director||Buy||5,000||$6.15||$30,750.00|| |
|8/24/2015||Abraham Eisenstat||Director||Buy||10,000||$6.47||$64,700.00|| |
|9/23/2014||Bruce J Schanzer||Insider||Buy||1,593||$5.99||$9,542.07|| |
|6/13/2014||Bruce J Schanzer||Insider||Buy||3,000||$5.99||$17,970.00|| |
|4/11/2014||Bruce Schanzer||Insider||Buy||3,000||$5.95||$17,850.00|| |
|4/7/2014||Bruce Schanzer||Insider||Buy||4,000||$5.99||$23,960.00|| |
|3/19/2014||Bruce Schanzer||Insider||Buy||17,000||$5.97||$101,490.00|| |
|3/10/2014||Bruce Schanzer||CEO||Buy||3,000||$5.99||$17,970.00|| |
|2/27/2014||Bruce Schanzer||Insider||Buy||16,664||$6.00||$99,984.00|| |
|7/8/2013||Bruce J Schanzer||Insider||Sell||10,000||$5.36||$53,600.00|| |
Headline Trends for Cedar Realty Trust (NYSE:CDR)
Latest Headlines for Cedar Realty Trust (NYSE:CDR)
|Cedar Realty Trust, Inc. (CDR) Given Consensus Rating of "Hold" by Brokerages|
www.americanbankingnews.com - September 23 at 2:44 PM
|Cedar Realty Trust, Inc. breached its 50 day moving average in a Bullish Manner : CDR-US : September 21, 2017|
finance.yahoo.com - September 21 at 10:52 AM
|Contrasting Cedar Realty Trust (CDR) and Washington Prime Group (WPG)|
www.americanbankingnews.com - September 19 at 2:48 PM
|November 17th Options Now Available For Cedar Realty Trust (CDR)|
www.thestreet.com - September 19 at 1:40 AM
|Cedar Realty Trust, Inc. (CDR) Expected to Post Quarterly Sales of $35.15 Million|
www.americanbankingnews.com - September 14 at 9:36 AM
|Cedar Realty Trust Announces It Now Has No Debt Maturities Until 2021|
finance.yahoo.com - September 13 at 6:18 PM
|Analyzing Cedar Realty Trust (CDR) and Urban Edge Properties (UE)|
www.americanbankingnews.com - September 12 at 12:28 AM
|Cedar Realty Trust, Inc. breached its 50 day moving average in a Bullish Manner : CDR-US : September 11, 2017|
finance.yahoo.com - September 11 at 5:41 PM
|New Preferred Stock IPOs - August 2017|
seekingalpha.com - September 5 at 8:01 AM
|Cedar Realty Trust, Inc. (CDR) Short Interest Update|
www.americanbankingnews.com - August 31 at 1:46 AM
|Cedar Realty Trust, Inc. (CDR) Receives Consensus Rating of "Hold" from Brokerages|
www.americanbankingnews.com - August 29 at 3:12 PM
|Washington Prime Group (WPG) & Cedar Realty Trust (CDR) Financial Comparison|
www.americanbankingnews.com - August 27 at 4:16 PM
|$35.15 Million in Sales Expected for Cedar Realty Trust, Inc. (CDR) This Quarter|
www.americanbankingnews.com - August 26 at 1:02 PM
|Cedar Realty Trust, Inc. breached its 50 day moving average in a Bullish Manner : CDR-US : August 25, 2017|
finance.yahoo.com - August 25 at 6:49 PM
| Analysts Expect Cedar Realty Trust, Inc. (CDR) Will Announce Earnings of $0.13 Per Share|
www.americanbankingnews.com - August 24 at 2:10 PM
|Preferred Stock IPO: 6.50% From Cedar Realty Trust|
seekingalpha.com - August 19 at 4:28 PM
|Cedar Realty Trust, Inc. (CDR) Stock Rating Lowered by BidaskClub|
www.americanbankingnews.com - August 16 at 11:32 PM
|Cedar Realty Trust Announces Pricing Of Public Offering Of Its 6.50% Series C Cumulative Redeemable Preferred Stock|
finance.yahoo.com - August 16 at 10:36 PM
|Cedar Realty Trust Announces Partial Redemption Of 7.25% Series B Cumulative Redeemable Preferred Stock|
finance.yahoo.com - August 16 at 10:36 PM
|Cedar Realty Trust Announces Public Offering Of Shares Of Series C Cumulative Redeemable Preferred Stock|
finance.yahoo.com - August 16 at 5:32 PM
|Analyzing Cedar Realty Trust (CDR) and Ramco-Gershenson Properties Trust (RPT)|
www.americanbankingnews.com - August 16 at 2:10 AM
|Cedar Realty Trust, Inc. breached its 50 day moving average in a Bearish Manner : CDR-US : August 14, 2017|
finance.yahoo.com - August 14 at 5:29 PM
|FY2018 EPS Estimates for Cedar Realty Trust, Inc. (NYSE:CDR) Increased by Analyst|
www.americanbankingnews.com - August 11 at 3:56 PM
|Analyzing Cedar Realty Trust (NYSE:CDR) & Macerich Company (The) (MAC)|
www.americanbankingnews.com - August 10 at 12:32 AM
|Zacks Investment Research Lowers Cedar Realty Trust, Inc. (CDR) to Sell|
www.americanbankingnews.com - August 9 at 7:16 PM
|Brokers Set Expectations for Cedar Realty Trust, Inc.'s FY2018 Earnings (CDR)|
www.americanbankingnews.com - August 9 at 1:42 PM
|Q3 2018 Earnings Forecast for Cedar Realty Trust, Inc. (CDR) Issued By Boenning Scattergood|
www.americanbankingnews.com - August 8 at 11:50 AM
|Cedar Realty Trust, Inc. (NYSE:CDR) Price Target Increased to $6.25 by Analysts at FBR & Co|
www.americanbankingnews.com - August 8 at 8:08 AM
|Zacks: Analysts Expect Cedar Realty Trust, Inc. (NYSE:CDR) Will Post Quarterly Sales of $36.08 Million|
www.americanbankingnews.com - August 8 at 7:50 AM
|Cash Dividend On The Way From Cedar Realty Trust Series B Cumulative Redeemable Preferred Stock|
www.nasdaq.com - August 7 at 5:31 PM
|Cedar Realty Trust, Inc. (CDR) Earns Sell Rating from Boenning Scattergood|
www.americanbankingnews.com - August 7 at 10:14 AM
| Analysts Expect Cedar Realty Trust, Inc. (NYSE:CDR) Will Post Earnings of $0.14 Per Share|
www.americanbankingnews.com - August 6 at 7:54 AM
|Edited Transcript of CDR earnings conference call or presentation 4-Aug-17 3:00pm GMT|
finance.yahoo.com - August 5 at 3:27 AM
|Cedar Realty Trust, Inc. (CDR) Issues Earnings Results, Meets Expectations|
www.americanbankingnews.com - August 4 at 8:38 PM
|Cedar Realty Trust (CDR) Misses Q2 EPS by 12c, Miss on Revenues|
www.streetinsider.com - August 4 at 5:22 PM
|Cedar Realty Trust's (CDR) CEO Bruce Schanzer on Q2 2017 Results - Earnings Call Transcript|
seekingalpha.com - August 4 at 5:22 PM
|Investor Network: Cedar Realty Trust, Inc. to Host Earnings Call|
finance.yahoo.com - August 4 at 5:22 PM
|Cedar Realty Trust Reports Second Quarter 2017 Results|
finance.yahoo.com - August 4 at 5:22 PM
|Cedar reports 2Q results|
finance.yahoo.com - August 4 at 5:22 PM
|Cedar Realty Trust, Inc. (NYSE:CDR) Receives Consensus Rating of "Buy" from Analysts|
www.americanbankingnews.com - August 4 at 2:40 PM
|Cedar Realty Trust, Inc. (NYSE:CDR) Issues FY17 Earnings Guidance|
www.americanbankingnews.com - August 4 at 2:26 PM
|Cedar Realty Trust, Inc. (NYSE:CDR) Scheduled to Post Quarterly Earnings on Friday|
www.americanbankingnews.com - July 28 at 1:04 AM
|Cedar Realty Trust, Inc. Plans Quarterly Dividend of $0.05 (NYSE:CDR)|
www.americanbankingnews.com - July 21 at 3:32 PM
|Cedar Realty Trust Announces Partial Redemption of 7.25% Series B Preferred Stock|
finance.yahoo.com - July 17 at 5:25 PM
|Cedar Realty Trust, Inc. breached its 50 day moving average in a Bullish Manner : CDR-US : July 14, 2017|
finance.yahoo.com - July 14 at 7:00 PM
|FBR & Co Comments on Cedar Realty Trust, Inc.'s Q2 2017 Earnings (CDR)|
www.americanbankingnews.com - July 12 at 8:06 AM
|Cedar Realty Trust, Inc. (NYSE:CDR) Downgraded by Zacks Investment Research|
www.americanbankingnews.com - July 10 at 5:26 PM
|Cedar Realty Trust, Inc. (NYSE:CDR) Given Consensus Recommendation of "Buy" by Analysts|
www.americanbankingnews.com - July 10 at 2:30 PM
|Cedar Realty Trust To Report Second Quarter 2017 Financial Results|
finance.yahoo.com - July 5 at 5:46 PM
|Zacks Investment Research Upgrades Cedar Realty Trust, Inc. (NYSE:CDR) to "Buy"|
www.americanbankingnews.com - July 5 at 5:34 PM
Cedar Realty Trust (CDR) Chart for Sunday, September, 24, 2017