Education Realty Trust Inc. (EDR) Scheduled to Post Earnings on Monday
Education Realty Trust Inc. (NYSE:EDR) is scheduled to post its quarterly earnings results before the market opens on Monday, July 31st. Analysts expect Education Realty Trust to post earnings of $0.42 per share for the quarter. Education Realty Trust has set its FY17 guidance at $1.90-2.00 EPS.
Education Realty Trust (NYSE:EDR) last announced its quarterly earnings data on Monday, May 1st. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate 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 analysts’ expectations of $78.54 million. During the same period last year, the company posted $0.54 EPS. Education Realty Trust’s revenue for the quarter was up 16.9% on a year-over-year basis. On average, analysts expect Education Realty Trust to post $1.93 EPS for the current fiscal year and $2.09 EPS for the next fiscal year.
Shares of Education Realty Trust Inc. (EDR) traded down 0.18% during midday trading on Thursday, hitting $38.47. 70,671 shares of the stock were exchanged. The firm has a 50-day moving average of $39.06 and a 200-day moving average of $39.77. Education Realty Trust Inc. has a 1-year low of $36.98 and a 1-year high of $48.87. The company has a market capitalization of $2.82 billion, a P/E ratio of 63.07 and a beta of 0.45.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st will be issued a $0.39 dividend. The ex-dividend date is Thursday, July 27th. This is an increase from Education Realty Trust’s previous quarterly dividend of $0.38. This represents a $1.56 dividend on an annualized basis and a yield of 4.01%. Education Realty Trust’s payout ratio is currently 249.18%.
In related news, Director Kimberly Schaefer acquired 1,000 shares of the stock in a transaction on Wednesday, May 17th. The shares were acquired at an average price of $37.63 per share, for a total transaction of $37,630.00. Following the transaction, the director now owns 5,909 shares in the company, valued at approximately $222,355.67. The purchase was disclosed in a filing with the SEC, which is available through this link. 0.50% of the stock is currently owned by corporate insiders.
EDR has been the topic of several recent analyst reports. Royal Bank Of Canada restated a “buy” rating on shares of Education Realty Trust in a report on Wednesday, May 3rd. FBR & Co restated a “buy” rating on shares of Education Realty Trust in a report on Thursday, June 22nd. BidaskClub upgraded shares of Education Realty Trust from a “hold” rating to a “buy” rating in a report on Friday, June 16th. Canaccord Genuity downgraded shares of Education Realty Trust from a “buy” rating to a “hold” rating and cut their price objective for the company from $46.00 to $43.00 in a report on Monday, April 10th. Finally, JMP Securities downgraded shares of 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, eight have assigned a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $46.13.
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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