Reviewing Associated Estates Realty (AEC) & Education Realty Trust (EDR)

Associated Estates Realty (NYSE: AEC) and Education Realty Trust (NYSE:EDR) are both financials companies, but which is the superior investment? We will contrast the two businesses based on the strength of their analyst recommendations, dividends, profitability, earnings, institutional ownership, valuation and risk.


Education Realty Trust pays an annual dividend of $1.56 per share and has a dividend yield of 4.8%. Associated Estates Realty does not pay a dividend. Education Realty Trust pays out 264.4% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Education Realty Trust has increased its dividend for 7 consecutive years.

Analyst Ratings

This is a summary of recent ratings and price targets for Associated Estates Realty and Education Realty Trust, as provided by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Associated Estates Realty 0 0 0 0 N/A
Education Realty Trust 2 5 6 0 2.31

Education Realty Trust has a consensus target price of $40.10, suggesting a potential upside of 23.01%. Given Education Realty Trust’s higher possible upside, analysts plainly believe Education Realty Trust is more favorable than Associated Estates Realty.


This table compares Associated Estates Realty and Education Realty Trust’s net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Associated Estates Realty 60.04% 18.10% 7.71%
Education Realty Trust 14.33% 2.62% 1.66%

Earnings & Valuation

This table compares Associated Estates Realty and Education Realty Trust’s revenue, earnings per share and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio
Associated Estates Realty N/A N/A N/A $1.20 23.96
Education Realty Trust $331.07 million 7.46 $47.44 million $0.59 55.26

Education Realty Trust has higher revenue and earnings than Associated Estates Realty. Associated Estates Realty is trading at a lower price-to-earnings ratio than Education Realty Trust, indicating that it is currently the more affordable of the two stocks.


Associated Estates Realty beats Education Realty Trust on 6 of the 11 factors compared between the two stocks.

About Associated Estates Realty

Associated Estates Realty Corporation is a self-administered and self-managed equity real estate investment trust (REIT). The Company is engaged primarily in the ownership and operation of multifamily apartment units. It specializes in multifamily ownership, operation, acquisition, development, disposition and property management activities. Its operating portfolio consists of approximately 49 apartment communities containing around 12,734 units in eight states that are owned, either directly or indirectly, through its subsidiaries. It also owns a commercial building in Los Angeles, California containing approximately 78,800 total square feet of office and commercial space. The Company also earns revenue from rental payments from the leasing of apartment units. It owns a taxable REIT subsidiary, which performs construction management services in connection with the development of multifamily properties that it owns, including consolidated and unconsolidated joint ventures.

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. The Trust develops collegiate housing communities for its own account and also provides third-party development consulting services on collegiate housing development projects for universities and other third parties. As of December 31, 2016, the Trust owned 64 collegiate housing communities located in 22 states containing 32,729 beds in 12,294 apartment units on or near 38 university campuses. As of December 31, 2016, the Trust provided third-party management services for 22 collegiate housing communities located in 11 states containing 11,767 beds in 4,214 apartment units on or near 17 university campuses.

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