Education Realty Trust, Inc. (NYSE:EDR) has earned a consensus recommendation of “Hold” from the fifteen ratings firms that are presently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $40.90.
Several equities research analysts have recently weighed in on the company. B. Riley reissued a “buy” rating on shares of Education Realty Trust in a research note on Wednesday, November 1st. Robert W. Baird reissued an “outperform” rating and issued a $40.00 price target (down previously from $45.00) on shares of Education Realty Trust in a research note on Monday, October 2nd. FBR & Co reissued a “buy” rating and issued a $44.00 price target on shares of Education Realty Trust in a research note on Monday, October 30th. JPMorgan Chase & Co. cut Education Realty Trust from a “neutral” rating to an “underweight” rating in a research note on Friday, December 15th. Finally, KeyCorp reissued a “buy” rating and issued a $40.00 price target on shares of Education Realty Trust in a research note on Thursday, December 21st.
Education Realty Trust (NYSE:EDR) opened at $33.29 on Friday. Education Realty Trust has a fifty-two week low of $33.02 and a fifty-two week high of $42.80. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.29 and a quick ratio of 0.29. The stock has a market capitalization of $2,520.00, a PE ratio of 72.37, a price-to-earnings-growth ratio of 2.89 and a beta of 0.44.
Education Realty Trust (NYSE:EDR) last issued its quarterly earnings results on Monday, October 30th. The real estate investment trust reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.31). The company had revenue of $75.36 million during the quarter, compared to analyst estimates of $69.22 million. Education Realty Trust had a net margin of 11.33% and a return on equity of 2.01%. The company’s quarterly revenue was up 13.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.26 EPS. equities analysts forecast that Education Realty Trust will post 1.9 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Wednesday, January 31st will be paid a dividend of $0.39 per share. The ex-dividend date of this dividend is Tuesday, January 30th. This represents a $1.56 annualized dividend and a yield of 4.69%. Education Realty Trust’s dividend payout ratio is currently 339.13%.
In other Education Realty Trust news, VP Edwin B. Brewer, Jr. bought 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The stock was acquired at an average price of $35.01 per share, with a total value of $175,050.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Randy L. Churchey bought 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The shares were acquired at an average cost of $35.01 per share, with a total value of $700,200.00. Following the purchase, the chairman now directly owns 149,506 shares of the company’s stock, valued at $5,234,205.06. The disclosure for this purchase can be found here. Company insiders own 0.50% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Riverhead Capital Management LLC grew its stake in Education Realty Trust by 87.7% during the second quarter. Riverhead Capital Management LLC now owns 6,758 shares of the real estate investment trust’s stock worth $262,000 after purchasing an additional 3,158 shares during the period. ETRADE Capital Management LLC grew its stake in Education Realty Trust by 4.5% during the second quarter. ETRADE Capital Management LLC now owns 7,534 shares of the real estate investment trust’s stock worth $292,000 after purchasing an additional 323 shares during the period. Ramsey Quantitative Systems acquired a new stake in Education Realty Trust during the second quarter worth approximately $311,000. Janney Montgomery Scott LLC acquired a new stake in Education Realty Trust during the third quarter worth approximately $302,000. Finally, Schroder Investment Management Group acquired a new stake in Education Realty Trust during the third quarter worth approximately $321,000.
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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.
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