Media coverage about Education Realty Trust (NYSE:EDR) has trended somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Education Realty Trust earned a daily sentiment score of 0.04 on Accern’s scale. Accern also gave media coverage about the real estate investment trust an impact score of 46.4020118945563 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Education Realty Trust (NYSE:EDR) opened at $33.60 on Wednesday. The company has a market capitalization of $2,510.00, a P/E ratio of 73.04, a PEG ratio of 2.85 and a beta of 0.44. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.29 and a quick ratio of 0.29. Education Realty Trust has a 12-month low of $33.02 and a 12-month high of $42.80.
Education Realty Trust (NYSE:EDR) last issued its earnings results on Monday, October 30th. The real estate investment trust reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.30 by ($0.31). The firm had revenue of $75.36 million during the quarter, compared to analyst estimates of $69.22 million. Education Realty Trust had a return on equity of 2.01% and a net margin of 11.33%. Education Realty Trust’s revenue was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.26 EPS. research analysts expect that Education Realty Trust will post 1.9 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st will be given a $0.39 dividend. The ex-dividend date is Tuesday, January 30th. This represents a $1.56 annualized dividend and a dividend yield of 4.64%. Education Realty Trust’s payout ratio is 339.13%.
A number of equities research analysts have weighed in on EDR shares. B. Riley restated a “buy” rating on shares of Education Realty Trust in a research note on Wednesday, November 1st. Robert W. Baird restated an “outperform” rating and set a $40.00 price objective (down previously from $45.00) on shares of Education Realty Trust in a research note on Monday, October 2nd. FBR & Co restated a “buy” rating and set a $44.00 price objective on shares of Education Realty Trust in a research note on Monday, October 30th. JPMorgan Chase & Co. lowered Education Realty Trust from a “neutral” rating to an “underweight” rating in a research note on Friday, December 15th. Finally, KeyCorp restated a “buy” rating and set a $40.00 price objective on shares of Education Realty Trust in a research note on Thursday, December 21st. Three research analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $40.90.
In other news, Chairman Randy L. Churchey bought 20,000 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The stock was bought at an average price of $35.01 per share, for a total transaction of $700,200.00. Following the transaction, the chairman now owns 149,506 shares in the company, valued at $5,234,205.06. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Edwin B. Brewer, Jr. bought 5,000 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The stock was purchased at an average price of $35.01 per share, with a total value of $175,050.00. The disclosure for this purchase can be found here. 0.50% of the stock is currently owned by company insiders.
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About Education Realty Trust
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.
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