Education Realty Trust (NYSE:EDR) issued an update on its FY17 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $1.86 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.90. Education Realty Trust also updated its FY18 guidance to $1.89-1.99 EPS.
Shares of Education Realty Trust (NYSE EDR) traded down $0.98 on Tuesday, reaching $31.04. 199,569 shares of the company’s stock were exchanged, compared to its average volume of 474,272. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $2,425.61, a PE ratio of 69.61, a P/E/G ratio of 3.04 and a beta of 0.38. Education Realty Trust has a one year low of $30.07 and a one year high of $42.44.
Education Realty Trust (NYSE:EDR) last announced its earnings results on Tuesday, February 20th. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.01. The company had revenue of $95.87 million during the quarter, compared to analysts’ expectations of $87.56 million. Education Realty Trust had a net margin of 11.33% and a return on equity of 2.01%. The firm’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.59 earnings per share. research analysts predict that Education Realty Trust will post 1.89 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st were given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 5.03%. The ex-dividend date was Tuesday, January 30th. Education Realty Trust’s payout ratio is currently 339.14%.
A number of equities analysts have issued reports on EDR shares. JPMorgan Chase & Co. cut shares of Education Realty Trust from a neutral rating to an underweight rating in a research report on Friday, December 15th. B. Riley set a $44.00 target price on shares of Education Realty Trust and gave the stock a buy rating in a research report on Tuesday, November 14th. Royal Bank of Canada cut their target price on shares of Education Realty Trust from $43.00 to $40.00 and set an outperform rating for the company in a research report on Wednesday, November 8th. KeyCorp restated a buy rating and set a $40.00 target price on shares of Education Realty Trust in a research report on Thursday, December 21st. Finally, FBR & Co restated a buy rating and set a $44.00 target price on shares of Education Realty Trust in a research report on Monday, October 30th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of $40.90.
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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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