About Cedar Realty Trust (NYSE:CDR)
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: $514.13 million
- Outstanding Shares: 82,197,000
- 50 Day Moving Avg: $5.43
- 200 Day Moving Avg: $5.20
- 52 Week Range: $4.70 - $7.12
Sales & Book Value:
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 10.00
- P/E Growth: 8.53
- Annual Revenue: $147.44 million
- Price / Sales: 3.07
- Book Value: $4.67 per share
- Price / Book: 1.18
- Annual Dividend: $0.20
- Dividend Yield: 3.6%
- EBITDA: $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: 568,860 shs.
- Beta: 0.92
- 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 Wednesday, October 18th. Shareholders of record on Friday, November 10th will be paid a dividend of $0.05 per share on Monday, November 20th. This represents a $0.20 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date of this dividend is Thursday, November 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 results on Friday, August, 4th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.14 by $0.24. The business had revenue of $35.70 million for the quarter, compared to analyst estimates of $35.97 million. Cedar Realty Trust had a return on equity of 2.49% and a net margin of 6.58%. The company's quarterly revenue was down 5.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $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 estimate of $0.54.
Where is Cedar Realty Trust's stock going? Where will Cedar Realty Trust's stock price be in 2017?
6 brokerages have issued 12 month target prices for Cedar Realty Trust's stock. Their predictions range from $5.00 to $7.75. On average, they expect Cedar Realty Trust's stock price to reach $6.25 in the next year. View Analyst Ratings for Cedar Realty Trust.
Are investors shorting Cedar Realty Trust?
Cedar Realty Trust saw a increase in short interest in September. As of September 29th, there was short interest totalling 4,549,335 shares, an increase of 46.4% from the September 15th total of 3,107,188 shares. Based on an average daily volume of 586,968 shares, the days-to-cover ratio is currently 7.8 days. Currently, 5.2% of the shares of the company are short sold.
Who are some of Cedar Realty Trust's key competitors?
Some companies that are related to Cedar Realty Trust include Yintech Investment Holdings Limited (YIN), Customers Bancorp (CUBI), Banc of California (BANC), Enterprise Financial Services Corporation (EFSC), InfraREIT (HIFR), Washington Trust Bancorp (WASH), CPB (CPF), Lakeland Bancorp (LBAI), TriCo Bancshares (TCBK), TCP Capital Corp. (TCPC), CIM Commercial Trust Corporation (CMCT), Parkway Properties (PKY), Piper Jaffray Companies (PJC), Liberty Media Corporation (BATRK), MainSource Financial Group (MSFG), Capstead Mortgage Corporation (CMO), United Financial Bancorp (UBNK) and National Bank Holdings Corporation (NBHC).
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 shareholders include Quantitative Systematic Strategies LLC (0.04%). 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 bought Cedar Realty Trust stock? Who is buying Cedar Realty Trust stock?
Cedar Realty Trust's stock was bought by a variety of institutional investors in the last quarter, including Quantitative Systematic Strategies 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 $5.50.
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, 2 Hold Ratings, 3 Buy Ratings|
|Consensus Rating:||Hold (Score: 2.33)|
|Consensus Price Target: ||$6.25 (13.64% upside)|Consensus Price Target History for Cedar Realty Trust (NYSE:CDR)
Analysts' Ratings History for Cedar Realty Trust (NYSE:CDR)
(Data available from 10/21/2015 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)
|Dividend Growth:||0.00% (3 Year Average)|
|Payout Ratio:||-333.28% (Trailing 12 Months of Earnings) |
37.04% (Based on This Year's Estimates)
36.36% (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)
Loading headlines, please wait.
Cedar Realty Trust (CDR) Chart for Saturday, October, 21, 2017