Education Realty Trust Inc. (NYSE:EDR) will post its quarterly earnings results before the market opens on Monday, October 30th. Analysts expect Education Realty Trust to post earnings of $0.30 per share for the quarter. Education Realty Trust has set its FY17 guidance at $1.90-2.00 EPS.
Education Realty Trust (NYSE:EDR) last issued its quarterly earnings data on Monday, July 31st. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.42. The firm had revenue of $74.04 million during the quarter, compared to the consensus estimate of $69.40 million. Education Realty Trust had a net margin of 10.58% and a return on equity of 1.83%. The business’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same period last year, the business posted $0.39 earnings per share. On average, analysts expect Education Realty Trust to post $0.51 EPS for the current fiscal year and $0.62 EPS for the next fiscal year.
Shares of Education Realty Trust Inc. (EDR) opened at 35.27 on Friday. Education Realty Trust Inc. has a 12 month low of $35.04 and a 12 month high of $42.85. The firm’s 50-day moving average is $37.45 and its 200 day moving average is $38.37. The firm has a market capitalization of $2.58 billion, a P/E ratio of 82.02 and a beta of 0.45.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 31st will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 4.42%. The ex-dividend date is Monday, October 30th. Education Realty Trust’s payout ratio is 371.44%.
TRADEMARK VIOLATION NOTICE: This piece of content was first reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this piece of content on another domain, it was illegally stolen and reposted in violation of United States and international copyright & trademark laws. The legal version of this piece of content can be read at https://www.dispatchtribunal.com/2017/10/28/education-realty-trust-inc-edr-to-release-earnings-on-monday.html.
In other Education Realty Trust news, Director Wendell W. Weakley purchased 750 shares of the company’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were bought at an average cost of $38.65 per share, for a total transaction of $28,987.50. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, VP Edwin B. Brewer, Jr. purchased 1,000 shares of the company’s stock in a transaction that occurred on Thursday, August 3rd. The shares were acquired at an average price of $37.50 per share, for a total transaction of $37,500.00. The disclosure for this purchase can be found here. Insiders have purchased a total of 2,550 shares of company stock worth $96,496 over the last 90 days. 0.50% of the stock is currently owned by corporate insiders.
EDR has been the topic of a number of research analyst reports. Robert W. Baird reiterated an “outperform” rating and issued a $40.00 target price (down from $45.00) on shares of Education Realty Trust in a research note on Monday, October 2nd. Goldman Sachs Group, Inc. (The) upgraded shares of Education Realty Trust from a “neutral” rating to a “buy” rating and boosted their target price for the company from $40.00 to $42.00 in a research note on Thursday, August 10th. BidaskClub cut shares of Education Realty Trust from a “buy” rating to a “hold” rating in a research note on Saturday, July 1st. KeyCorp reiterated a “buy” rating and issued a $47.00 target price on shares of Education Realty Trust in a research note on Wednesday, September 6th. Finally, Sandler O’Neill cut shares of Education Realty Trust from a “buy” rating to a “hold” rating and dropped their target price for the company from $47.00 to $40.00 in a research note on Monday, July 31st. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the stock. Education Realty Trust presently has an average rating of “Hold” and a consensus target price of $42.63.
Education Realty Trust Company Profile
Education Realty Trust, Inc (EdR) is a self-managed and self-advised real estate investment trust (REIT). The Trust is engaged in developing, acquiring, owning and managing collegiate housing communities located near university campuses. The Trust operates through three segments: collegiate housing leasing, development consulting services and management services.
Receive News & Ratings for Education Realty Trust Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Education Realty Trust Inc. and related companies with MarketBeat.com's FREE daily email newsletter.