Shares of Education Realty Trust, Inc. (NYSE:EDR) have been given an average rating of “Hold” by 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 issued a hold rating and six have issued a buy rating on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $40.10.
A number of equities analysts recently weighed in on EDR shares. Robert W. Baird set a $36.00 price objective on shares of Education Realty Trust and gave the stock a “buy” rating in a report on Thursday, February 22nd. B. Riley set a $44.00 target price on shares of Education Realty Trust and gave the company a “buy” rating in a research note on Tuesday, February 20th. KeyCorp reiterated a “buy” rating and set a $40.00 target price on shares of Education Realty Trust in a research note on Thursday, December 21st. Sandler O’Neill reiterated a “hold” rating and set a $34.00 target price on shares of Education Realty Trust in a research note on Monday, February 26th. Finally, JPMorgan Chase & Co. lowered shares of Education Realty Trust from a “neutral” rating to an “underweight” rating in a research note on Friday, December 15th.
Shares of Education Realty Trust (NYSE:EDR) traded down $0.17 during midday trading on Friday, reaching $32.41. 416,324 shares of the company were exchanged, compared to its average volume of 534,242. Education Realty Trust has a 52 week low of $30.07 and a 52 week high of $41.79. The stock has a market cap of $2,468.97, a price-to-earnings ratio of 54.93, a P/E/G ratio of 3.27 and a beta of 0.42. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.22 and a current ratio of 0.22.
Education Realty Trust (NYSE:EDR) last announced its quarterly earnings data on Tuesday, February 20th. The real estate investment trust reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.01. Education Realty Trust had a net margin of 14.33% and a return on equity of 2.62%. The company had revenue of $95.87 million during the quarter, compared to analyst estimates of $87.56 million. During the same period in the previous year, the business earned $0.59 EPS. The firm’s revenue for the quarter was up 13.8% on a year-over-year basis. equities research analysts predict that Education Realty Trust will post 1.85 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st were paid a dividend of $0.39 per share. The ex-dividend date was Tuesday, January 30th. This represents a $1.56 dividend on an annualized basis and a yield of 4.81%. Education Realty Trust’s dividend payout ratio is presently 264.41%.
Several large investors have recently bought and sold shares of EDR. Advisor Group Inc. increased its stake in shares of Education Realty Trust by 72.8% in the 4th quarter. Advisor Group Inc. now owns 5,488 shares of the real estate investment trust’s stock worth $192,000 after purchasing an additional 2,312 shares in the last quarter. Xact Kapitalforvaltning AB purchased a new stake in shares of Education Realty Trust in the 4th quarter worth $240,000. Janney Montgomery Scott LLC purchased a new stake in shares of Education Realty Trust in the 3rd quarter worth $302,000. Schroder Investment Management Group purchased a new stake in shares of Education Realty Trust in the 3rd quarter worth $321,000. Finally, Crossmark Global Holdings Inc. purchased a new stake in shares of Education Realty Trust in the 3rd quarter worth $331,000.
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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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