Education Realty Trust Inc. (EDR) to Release Earnings on Monday

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%.

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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.

Earnings History for Education Realty Trust (NYSE:EDR)

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