Education Realty Trust (EDR) Posts Quarterly Earnings, Meets Expectations
Education Realty Trust (NYSE:EDR) announced its earnings results on Tuesday. The company reported $0.20 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.20, ARN reports. The company had revenue of $55.20 million for the quarter, compared to the consensus estimate of $48.26 million.
Education Realty Trust (NYSE:EDR) opened at 9.31 on Tuesday. Education Realty Trust has a one year low of $8.30 and a one year high of $11.77. The stock’s 50-day moving average is $9.01 and its 200-day moving average is $8.97. The company has a market cap of $1.069 billion and a price-to-earnings ratio of 146.72.
On the ratings front, analysts at JPMorgan Chase & Co. cut their price target on shares of Education Realty Trust from $11.00 to $10.00 in a research note on Monday, December 30th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $10.10.
Education Realty Trust, Inc (NYSE:EDR) is a self-managed and self-advised real estate investment trust (REIT).
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