The consensus among analysts is that Cedar Realty Trust, Inc. (CDR) is a Hold stock at the moment, with a recommendation rating of 2.8. 1 analysts rate the stock as a Sell, while 1 rate it as Overweight. 2 out of 5 have rated it as a Hold, with 1 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is -$0.04.
Cedar Realty Trust, Inc. (NYSE:CDR) trade information
Sporting 4.95% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, Jun 23 when the CDR stock price touched $1.1275 or saw a rise of 5.99%. Year-to-date, Cedar Realty Trust, Inc. shares have moved -64.07%, while the 5-day performance has seen it change 4.95%. Over the past 30 days, the shares of Cedar Realty Trust, Inc. (NYSE:CDR) have changed 42.22%. Short interest in the company has seen 2.92 Million shares shorted with days to cover at 1.93.
Wall Street analysts have a consensus price target for the stock at $1.5, which means that the shares’ value could jump 41.51% from current levels. The projected low price target is $0.5 while the price target rests at a high of $2. In that case, then, we find that the current price level is +88.68% off the targeted high while a plunge would see the stock lose -52.83% from current levels.
Cedar Realty Trust, Inc. (CDR) estimates and forecasts
4 analysts offering their estimates for the company have set an average revenue estimate of $33.37 Million for the current quarter. 4 have an estimated revenue figure of $33.83 Million for the next quarter concluding in September 01, 2020. Year-ago sales stood $35.77 Million and $35.91 Million respectively for this quarter and the next, and analysts expect sales will grow by -6.7% for the current quarter and -5.8% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -39.3% over the past 5 years. Earnings growth for 2020 is a modest +5.7% while over the next 5 years, the company’s earnings are expected to increase by 11%.
Cedar Realty Trust, Inc. is expected to release its next earnings report in July, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.04 at a share yield of 3.81%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 5.27%.