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.

ILLEGAL ACTIVITY WARNING: This piece of content was reported by American Banking News and is the property of of American Banking News. If you are accessing this piece of content on another site, it was illegally stolen and republished in violation of US and international copyright & trademark legislation. The legal version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/05/26/0-42-eps-expected-for-education-realty-trust-inc-edr-this-quarter.html.

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.

12 Month Chart for NYSE:EDR

Get a free copy of the Zacks research report on Education Realty Trust (EDR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Education Realty Trust Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Education Realty Trust Inc. and related companies with MarketBeat.com's FREE daily email newsletter.