Wall Street brokerages expect Education Realty Trust, Inc. (NYSE:EDR) to announce $72.51 million in sales for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Education Realty Trust’s earnings, with estimates ranging from $70.63 million to $74.38 million. Education Realty Trust posted sales of $65.14 million in the same quarter last year, which suggests a positive year-over-year growth rate of 11.3%. The company is expected to issue its next quarterly earnings report on Monday, August 7th.

According to Zacks, analysts expect that Education Realty Trust will report full-year sales of $72.51 million for the current financial year, with estimates ranging from $306.28 million to $313.58 million. For the next year, analysts expect that the company will report sales of $316.39 million per share, with estimates ranging from $312.13 million to $320.65 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Education Realty Trust.

Education Realty Trust (NYSE:EDR) last released its quarterly earnings data on Monday, May 1st. The real estate investment trust reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by $0.35. Education Realty Trust had a return on equity of 2.86% and a net margin of 16.26%. The company had revenue of $85.80 million for the quarter, compared to analyst estimates of $78.54 million. During the same period in the previous year, the business posted $0.54 EPS. The firm’s revenue for the quarter was up 16.9% compared to the same quarter last year.

Several equities analysts have recently commented on the company. Royal Bank of Canada reiterated a “buy” rating on shares of Education Realty Trust in a research note on Wednesday, May 3rd. Zacks Investment Research upgraded Education Realty Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, March 1st. Evercore ISI cut Education Realty Trust from a “hold” rating to an “underperform” rating in a research note on Friday, March 3rd. JMP Securities cut Education Realty Trust from an “outperform” rating to a “market perform” rating in a research note on Wednesday, April 19th. They noted that the move was a valuation call. Finally, Canaccord Genuity reduced their target price on Education Realty Trust from $49.00 to $47.00 and set a “buy” rating for the company in a research note on Thursday, February 2nd. Two research analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the stock. Education Realty Trust has a consensus rating of “Hold” and an average target price of $47.44.

Shares of Education Realty Trust (NYSE:EDR) opened at 38.37 on Friday. Education Realty Trust has a 12-month low of $36.98 and a 12-month high of $48.87. The firm has a market cap of $2.81 billion, a PE ratio of 62.90 and a beta of 0.38. The firm’s 50-day moving average is $38.83 and its 200-day moving average is $40.29.

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 15th. Investors of record on Friday, April 28th were paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 3.96%. The ex-dividend date of this dividend was Wednesday, April 26th. Education Realty Trust’s dividend payout ratio (DPR) is presently 205.41%.

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In other news, Director Kimberly Schaefer acquired 1,000 shares of Education Realty Trust stock in a transaction that occurred on Wednesday, May 17th. The shares were purchased at an average cost of $37.63 per share, for a total transaction of $37,630.00. Following the completion of the purchase, the director now directly owns 5,909 shares of the company’s stock, valued at approximately $222,355.67. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.50% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the company. Anchor Capital Advisors LLC boosted its position in shares of Education Realty Trust by 2.5% in the first quarter. Anchor Capital Advisors LLC now owns 6,210 shares of the real estate investment trust’s stock valued at $254,000 after buying an additional 150 shares during the period. US Bancorp DE boosted its position in shares of Education Realty Trust by 0.4% in the first quarter. US Bancorp DE now owns 47,249 shares of the real estate investment trust’s stock valued at $1,930,000 after buying an additional 168 shares during the period. 1st Global Advisors Inc. boosted its position in shares of Education Realty Trust by 1.5% in the first quarter. 1st Global Advisors Inc. now owns 12,143 shares of the real estate investment trust’s stock valued at $496,000 after buying an additional 180 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in shares of Education Realty Trust by 2.0% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 11,634 shares of the real estate investment trust’s stock valued at $475,000 after buying an additional 230 shares during the period. Finally, Keybank National Association OH boosted its position in shares of Education Realty Trust by 4.1% in the first quarter. Keybank National Association OH now owns 5,947 shares of the real estate investment trust’s stock valued at $243,000 after buying an additional 235 shares during the period.

Education Realty Trust Company Profile

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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