$0.42 EPS Expected for Education Realty Trust, Inc. (EDR) This Quarter
Equities research analysts expect that Education Realty Trust, Inc. (NYSE:EDR) will post earnings per share of $0.42 for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Education Realty Trust’s earnings, with estimates ranging from $0.40 to $0.43. Education Realty Trust posted earnings of $0.39 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 7.7%. The company is expected to report its next quarterly earnings results on Monday, August 7th.
According to Zacks, analysts expect that Education Realty Trust will report full-year earnings of $1.94 per share for the current year, with EPS estimates ranging from $1.92 to $1.96. For the next financial year, analysts anticipate that the company will report earnings of $2.11 per share, with EPS estimates ranging from $2.06 to $2.19. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Education Realty Trust.
Education Realty Trust (NYSE:EDR) last released its earnings results on Monday, May 1st. The real estate investment trust reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by $0.35. Education Realty Trust had a net margin of 16.26% and a return on equity of 2.86%. The business had revenue of $85.80 million during the quarter, compared to analyst estimates of $78.54 million. During the same period last year, the business posted $0.54 EPS. Education Realty Trust’s revenue was up 16.9% compared to the same quarter last year.
EDR has been the subject of several research reports. FBR & Co reaffirmed a “buy” rating and set a $51.00 target price on shares of Education Realty Trust in a research note on Wednesday, February 22nd. Evercore ISI reduced their target price on Education Realty Trust from $41.00 to $38.00 and set an “underperform” rating for the company in a report on Tuesday, May 2nd. Zacks Investment Research raised Education Realty Trust from a “sell” rating to a “hold” rating in a report on Wednesday, March 1st. Canaccord Genuity set a $47.00 target price on Education Realty Trust and gave the company a “buy” rating in a report on Thursday, February 9th. Finally, JMP Securities downgraded Education Realty Trust from an “outperform” rating to a “market perform” rating in a report on Wednesday, April 19th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $47.44.
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In related news, Director Kimberly Schaefer acquired 1,000 shares of the stock in a transaction dated Wednesday, May 17th. The shares were acquired at an average price of $37.63 per share, with a total value of $37,630.00. Following the acquisition, the director now owns 5,909 shares in the company, valued at approximately $222,355.67. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.50% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of EDR. Ranger Global Real Estate Advisors LLC bought a new position in shares of Education Realty Trust during the first quarter worth approximately $2,965,000. Macquarie Group Ltd. raised its position in shares of Education Realty Trust by 2.8% in the first quarter. Macquarie Group Ltd. now owns 928,393 shares of the real estate investment trust’s stock worth $37,925,000 after buying an additional 25,670 shares in the last quarter. Credit Suisse AG raised its position in shares of Education Realty Trust by 1.5% in the first quarter. Credit Suisse AG now owns 519,672 shares of the real estate investment trust’s stock worth $21,228,000 after buying an additional 7,563 shares in the last quarter. Tudor Investment Corp ET AL acquired a new stake in Education Realty Trust during the first quarter worth about $648,000. Finally, Madison International Global Alpha Realty LP acquired a new stake in Education Realty Trust during the first quarter worth about $729,000.
Education Realty Trust (NYSE:EDR) traded down 0.08% on Friday, hitting $38.47. The stock had a trading volume of 49,416 shares. The stock has a 50-day moving average of $38.89 and a 200-day moving average of $40.32. Education Realty Trust has a one year low of $36.98 and a one year high of $48.87. The company has a market cap of $2.82 billion, a PE ratio of 63.07 and a beta of 0.38.
The business also recently disclosed a quarterly dividend, which was paid on Monday, May 15th. Stockholders of record on Friday, April 28th were issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.95%. The ex-dividend date of this dividend was Wednesday, April 26th. Education Realty Trust’s dividend payout ratio is 205.41%.
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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