Cedar Realty Trust Inc (CDR) Releases Earnings Results, Beats Expectations By $0.01 EPS

Cedar Realty Trust Inc (CDR) reported quarterly earnings results on Thursday, Aug-4-2016. The company said it had a profit of $0.15 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.14. The company posted revenue of $37.87 million in the period, compared to analysts expectations of $37.74 million. The company’s revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.14 EPS.

Many Wall Street Analysts have commented on Cedar Realty Trust Inc. Company shares were Upgraded by Wunderlich on May 10, 2016 to ” Buy”, Firm has raised the Price Target to $ 8 from a previous price target of $7.50 .

Cedar Realty Trust Inc closed down -0.21 points or -2.62% at $7.81 with 3,31,690 shares getting traded on Tusday. Post opening the session at $8.01, the shares hit an intraday low of $7.8 and an intraday high of $8.01 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

Investors should note that on Jul 25, 2016, Cedar Realty Trust Inc announced a cash dividend of $0.0500. The company’s management has announced Aug 10, 2016 as the ex-dividend date and fixed the record date on Aug 12, 2016. The payable date has been fixed on Aug 22, 2016.

In a different news, on May 18, 2016, Bruce J Schanzer (Pres. & Chief Exec. Officer) purchased 1,000 shares at $6.75 per share price. According to the SEC, on Aug 27, 2015, Abraham Eisenstat (director) purchased 5,000 shares at $6.15 per share price. On Jun 2, 2015, James J Burns (director) sold 15,000 shares at $6.83 per share price, according to the Form-4 filing with the securities and exchange commission.

Cedar Realty Trust Inc. is a real estate investment trust. The Company owns and operates grocery-anchored shopping centers straddling the Washington DC to Boston corridor. It owns and manages a portfolio of approximately 59 operating properties totaling approximately 9.2 million square feet of gross leasable area (GLA). The Company’s portfolio is around 93.3% leased and 92.9% occupied. It has a portfolio of around 26 properties in Pennsylvania eight properties in Massachusetts seven properties in Connecticut six properties in Maryland eight properties in Virginia three properties in New Jersey and one property in New York. Its property portfolio includes Big Y Shopping Center Groton Shopping Center New London Washington Center Shoppes Norwood Shopping Center Fieldstone Marketplace and Yorktowne Plaza among others. It conducts all of its businesses through the Cedar Realty Trust Partnership L.P (Operating Partnership). It holds around 99.5% of the Operating Partnership.

Cedar Realty Trust Inc

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