Analysts Expect Education Realty Trust Inc. (EDR) Will Post Earnings of $0.42 Per Share
Analysts expect Education Realty Trust Inc. (NYSE:EDR) to report earnings of $0.42 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Education Realty Trust’s earnings. The highest EPS estimate is $0.43 and the lowest is $0.41. Education Realty Trust posted earnings per share of $0.39 in the same quarter last year, which indicates a positive year-over-year growth rate of 7.7%. The firm is scheduled to report its next earnings results before the market opens on Monday, July 31st.
According to Zacks, analysts expect that Education Realty Trust will report full-year earnings of $1.93 per share for the current fiscal year, with EPS estimates ranging from $1.92 to $1.96. For the next fiscal year, analysts anticipate that the firm will post earnings of $2.08 per share, with EPS estimates ranging from $2.00 to $2.19. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that cover Education Realty Trust.
Education Realty Trust (NYSE:EDR) last posted its quarterly earnings results 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 net margin of 14.74% and a return on equity of 2.47%. The business had revenue of $85.80 million during the quarter, compared to the consensus estimate of $78.54 million. During the same quarter last year, the company posted $0.54 EPS. The firm’s revenue was up 16.9% on a year-over-year basis.
Several research analysts have weighed in on EDR shares. Canaccord Genuity cut Education Realty Trust from a “buy” rating to a “hold” rating and cut their price objective for the stock from $46.00 to $43.00 in a research report on Monday, April 10th. Evercore ISI dropped their price target on Education Realty Trust from $41.00 to $38.00 and set an “underperform” rating on the stock in a research report on Tuesday, May 2nd. BidaskClub raised Education Realty Trust from a “hold” rating to a “buy” rating in a research report on Friday, June 16th. Citigroup Inc. cut Education Realty Trust from a “buy” rating to a “neutral” rating and dropped their price target for the company from $44.00 to $41.00 in a research report on Thursday, June 29th. Finally, JMP Securities cut Education Realty Trust from an “outperform” rating to a “market perform” rating in a research report on Wednesday, April 19th. They noted that the move was a valuation call. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the stock. Education Realty Trust currently has an average rating of “Hold” and an average target price of $46.89.
In related news, Director Kimberly Schaefer acquired 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 17th. The shares were bought at an average cost of $37.63 per share, for a total transaction of $37,630.00. Following the purchase, the director now owns 5,909 shares in the company, valued at approximately $222,355.67. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.50% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in EDR. PNC Financial Services Group Inc. raised its stake in Education Realty Trust by 10.0% in the first quarter. PNC Financial Services Group Inc. now owns 2,697 shares of the real estate investment trust’s stock worth $110,000 after buying an additional 246 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Education Realty Trust by 11.8% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,440 shares of the real estate investment trust’s stock worth $181,000 after buying an additional 470 shares during the last quarter. Dubuque Bank & Trust Co. bought a new stake in Education Realty Trust during the first quarter worth about $213,000. Keybank National Association OH raised its stake in 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 worth $243,000 after buying an additional 235 shares during the last quarter. Finally, Anchor Capital Advisors LLC raised its stake in 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 worth $254,000 after buying an additional 150 shares during the last quarter.
Education Realty Trust (NYSE:EDR) traded up 1.94% during midday trading on Monday, reaching $38.94. The company had a trading volume of 731,019 shares. The firm has a market capitalization of $2.85 billion, a price-to-earnings ratio of 63.84 and a beta of 0.45. Education Realty Trust has a 12-month low of $36.98 and a 12-month high of $48.87. The stock’s 50 day moving average is $38.90 and its 200 day moving average is $40.13.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Monday, July 31st will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.01%. The ex-dividend date of this dividend is Thursday, July 27th. This is a boost from Education Realty Trust’s previous quarterly dividend of $0.38. Education Realty Trust’s dividend payout ratio is currently 249.18%.
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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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