Wall Street analysts predict that Education Realty Trust Inc. (NYSE:EDR) will post earnings per share of $0.55 for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Education Realty Trust’s earnings. Education Realty Trust posted earnings of $0.60 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 8.3%. The firm is expected to announce its next quarterly earnings report before the market opens on Monday, April 30th.
On average, analysts expect that Education Realty Trust will report full year earnings of $1.85 per share for the current financial year, with EPS estimates ranging from $1.82 to $1.86. For the next fiscal year, analysts expect that the business will report earnings of $2.00 per share, with EPS estimates ranging from $1.96 to $2.03. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Education Realty Trust.
Education Realty Trust (NYSE:EDR) last issued its quarterly earnings data on Tuesday, February 20th. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.01. Education Realty Trust had a return on equity of 2.62% and a net margin of 14.33%. The company had revenue of $95.87 million during the quarter, compared to the consensus estimate of $87.56 million. During the same period last year, the company earned $0.59 earnings per share. The firm’s revenue was up 13.8% compared to the same quarter last year.
A number of brokerages have recently issued reports on EDR. B. Riley set a $44.00 price objective on Education Realty Trust and gave the stock a “buy” rating in a research report on Tuesday, February 20th. Robert W. Baird set a $36.00 price objective on Education Realty Trust and gave the stock a “buy” rating in a research report on Thursday, February 22nd. KeyCorp restated a “buy” rating and set a $40.00 price objective on shares of Education Realty Trust in a research report on Thursday, December 21st. Finally, Sandler O’Neill restated a “hold” rating and set a $34.00 price objective on shares of Education Realty Trust in a research report on Monday, February 26th. Three investment 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 has an average rating of “Hold” and a consensus target price of $40.10.
Shares of EDR opened at $32.39 on Friday. Education Realty Trust has a 1 year low of $30.07 and a 1 year high of $40.95. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 0.51. The stock has a market cap of $2,454.57, a PE ratio of 17.05, a P/E/G ratio of 3.64 and a beta of 0.40.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 15th. Shareholders of record on Monday, April 30th will be issued a $0.39 dividend. The ex-dividend date of this dividend is Friday, April 27th. This represents a $1.56 dividend on an annualized basis and a yield of 4.82%. Education Realty Trust’s payout ratio is currently 82.11%.
A number of hedge funds have recently modified their holdings of EDR. New York State Common Retirement Fund increased its holdings in Education Realty Trust by 11.8% in the third quarter. New York State Common Retirement Fund now owns 137,678 shares of the real estate investment trust’s stock worth $4,947,000 after purchasing an additional 14,484 shares in the last quarter. Schroder Investment Management Group bought a new stake in Education Realty Trust in the third quarter worth approximately $321,000. Wells Fargo & Company MN increased its holdings in Education Realty Trust by 23.2% in the third quarter. Wells Fargo & Company MN now owns 100,210 shares of the real estate investment trust’s stock worth $3,600,000 after purchasing an additional 18,885 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Education Realty Trust by 1.7% in the third quarter. Dimensional Fund Advisors LP now owns 1,052,831 shares of the real estate investment trust’s stock worth $37,828,000 after purchasing an additional 17,835 shares in the last quarter. Finally, Asset Management One Co. Ltd. increased its holdings in Education Realty Trust by 0.7% in the third quarter. Asset Management One Co. Ltd. now owns 239,368 shares of the real estate investment trust’s stock worth $8,585,000 after purchasing an additional 1,625 shares in the last quarter.
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Education Realty Trust Company Profile
One of America's largest owners, developers and managers of collegiate housing, EdR (NYSE:EDR) is a self-administered and self-managed real estate investment trust that owns or manages 85 communities with more than 45,500 beds serving 53 universities in 26 states. EdR is a member of the Russell 2000 Index, the S&P MidCap 400 and the Morgan Stanley REIT indices.
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