Education Realty Trust Inc. (EDR) Plans Quarterly Dividend of $0.11
Education Realty Trust (NYSE:EDR) announced a quarterly dividend on Tuesday, October 15th, StockRatingsNetwork reports. Shareholders of record on Thursday, October 31st will be paid a dividend of $0.11 per share on Friday, November 15th. This represents a $0.44 annualized dividend and a dividend yield of 4.74%.
A number of analysts have recently weighed in on EDR shares. Analysts at MLV Capital cut their price target on shares of Education Realty Trust from $11.00 to $10.00 in a research note to investors on Monday, October 7th. They now have a “hold” rating on the stock. On a related note, analysts at Wunderlich initiated coverage on shares of Education Realty Trust in a research note to investors on Friday, October 4th. They set a “buy” rating and a $10.50 price target on the stock. Finally, analysts at Hilliard Lyons upgraded shares of Education Realty Trust from a “neutral” rating to a “buy” rating in a research note to investors on Wednesday, September 4th. They now have a $10.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $10.30.
Education Realty Trust (NYSE:EDR) opened at 9.29 on Tuesday. Education Realty Trust has a one year low of $8.30 and a one year high of $11.77. The stock has a 50-day moving average of $8.98 and a 200-day moving average of $9.98. The company has a market cap of $1.067 billion and a P/E ratio of 82.95.
Education Realty Trust (NYSE:EDR) last announced its earnings results on Monday, July 29th. The company reported $0.13 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.13. The company had revenue of $41.98 million for the quarter, compared to the consensus estimate of $40.95 million. During the same quarter in the prior year, the company posted $0.12 earnings per share. The company’s quarterly revenue was up 30.0% on a year-over-year basis. On average, analysts predict that Education Realty Trust will post $0.54 earnings per share for the current fiscal year.
Education Realty Trust, Inc (NYSE:EDR) is a self-managed and self-advised real estate investment trust (REIT).
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