Wall Street analysts expect Education Realty Trust Inc. (NYSE:EDR) to report $0.37 earnings per share (EPS) for the current quarter, Zacks reports. Two analysts have made estimates for Education Realty Trust’s earnings, with estimates ranging from $0.34 to $0.39. Education Realty Trust reported earnings of $0.42 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 11.9%. The firm is expected to issue its next earnings results on Monday, July 30th.
According to Zacks, 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 year, analysts forecast that the business will post earnings of $2.01 per share, with EPS estimates ranging from $1.95 to $2.07. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Education Realty Trust.
Education Realty Trust (NYSE:EDR) last posted its earnings results on Monday, April 30th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.02). The business had revenue of $90.70 million for the quarter, compared to analyst estimates of $85.79 million. Education Realty Trust had a return on equity of 3.95% and a net margin of 21.50%. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period last year, the company posted $0.60 EPS.
Several analysts have issued reports on EDR shares. Robert W. Baird set a $36.00 price objective on shares of Education Realty Trust and gave the company a “buy” rating in a research report on Thursday, February 22nd. B. Riley set a $44.00 price objective on shares of Education Realty Trust and gave the company a “buy” rating in a research report on Tuesday, February 20th. Goldman Sachs downgraded shares of Education Realty Trust from a “buy” rating to a “neutral” rating in a research report on Wednesday. Zacks Investment Research raised shares of Education Realty Trust from a “sell” rating to a “hold” rating in a research report on Tuesday. Finally, TheStreet raised shares of Education Realty Trust from a “c” rating to a “b-” rating in a research report on Monday, May 7th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. Education Realty Trust presently has a consensus rating of “Hold” and a consensus target price of $40.13.
Several hedge funds have recently added to or reduced their stakes in EDR. PNC Financial Services Group Inc. grew its position in shares of Education Realty Trust by 140.3% during the first quarter. PNC Financial Services Group Inc. now owns 3,439 shares of the real estate investment trust’s stock worth $114,000 after buying an additional 2,008 shares in the last quarter. Advisor Group Inc. grew its position in shares of Education Realty Trust by 72.8% during the fourth quarter. Advisor Group Inc. now owns 5,488 shares of the real estate investment trust’s stock worth $192,000 after buying an additional 2,312 shares in the last quarter. Pitcairn Co. acquired a new stake in shares of Education Realty Trust during the first quarter worth approximately $224,000. Xact Kapitalforvaltning AB acquired a new stake in shares of Education Realty Trust during the fourth quarter worth approximately $240,000. Finally, Brinker Capital Inc. acquired a new stake in shares of Education Realty Trust during the first quarter worth approximately $247,000.
EDR traded down $0.54 on Thursday, reaching $33.47. 1,050,000 shares of the company’s stock were exchanged, compared to its average volume of 582,078. The company has a market cap of $2.56 billion, a PE ratio of 17.62, a price-to-earnings-growth ratio of 3.71 and a beta of 0.39. Education Realty Trust has a twelve month low of $33.46 and a twelve month high of $33.94. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.18 and a current ratio of 0.18.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 15th. Shareholders of record on Monday, April 30th were given a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 4.66%. The ex-dividend date was Friday, April 27th. Education Realty Trust’s dividend payout ratio (DPR) is 82.11%.
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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