Education Realty Trust Inc. (EDR) Receives Consensus Recommendation of “Hold” from Analysts
Education Realty Trust Inc. (NYSE:EDR) has been given a consensus rating of “Hold” by the fourteen brokerages that are currently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $45.43.
EDR has been the topic of several research reports. Canaccord Genuity lowered shares of Education Realty Trust from a “buy” rating to a “hold” rating and decreased their price target for the company from $46.00 to $43.00 in a report on Monday, April 10th. JMP Securities lowered 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. Evercore ISI reduced their target price on shares of Education Realty Trust from $41.00 to $38.00 and set an “underperform” rating on the stock in a report on Tuesday, May 2nd. Royal Bank Of Canada reissued a “buy” rating on shares of Education Realty Trust in a report on Wednesday, May 3rd. Finally, Zacks Investment Research lowered shares of Education Realty Trust from a “hold” rating to a “sell” rating in a report on Tuesday, May 9th.
Education Realty Trust (NYSE EDR) opened at 38.79 on Friday. The firm has a market cap of $2.84 billion, a price-to-earnings ratio of 63.59 and a beta of 0.45. The firm’s 50-day moving average is $39.05 and its 200-day moving average is $39.76. Education Realty Trust has a 52-week low of $36.98 and a 52-week high of $48.87.
Education Realty Trust (NYSE:EDR) last issued its earnings results on Monday, May 1st. The real estate investment trust reported $0.21 EPS for the quarter, missing the consensus estimate of $0.56 by $0.35. The firm had revenue of $85.80 million during the quarter, compared to analyst estimates of $78.54 million. Education Realty Trust had a net margin of 14.74% and a return on equity of 2.47%. Education Realty Trust’s quarterly revenue was up 16.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.54 earnings per share. Analysts forecast that Education Realty Trust will post $0.54 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Monday, July 31st will be paid a $0.39 dividend. This is a positive change from Education Realty Trust’s previous quarterly dividend of $0.38. The ex-dividend date is Thursday, July 27th. This represents a $1.56 annualized dividend and a dividend yield of 4.03%. Education Realty Trust’s dividend payout ratio is presently 249.18%.
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In related news, Director Kimberly Schaefer purchased 1,000 shares of Education Realty Trust stock in a transaction that occurred on Wednesday, May 17th. The stock was bought at an average price of $37.63 per share, for a total transaction of $37,630.00. Following the completion of the transaction, the director now owns 5,909 shares in the company, valued at $222,355.67. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.50% of the company’s stock.
A number of institutional investors have recently modified their holdings of EDR. First Midwest Bank Trust Division raised its position in shares of Education Realty Trust by 5.4% in the first quarter. First Midwest Bank Trust Division now owns 7,817 shares of the real estate investment trust’s stock worth $319,000 after buying an additional 398 shares in the last quarter. State of New Jersey Common Pension Fund D increased its stake in shares of Education Realty Trust by 5.3% in the first quarter. State of New Jersey Common Pension Fund D now owns 100,000 shares of the real estate investment trust’s stock worth $4,085,000 after buying an additional 5,000 shares during the last quarter. Dubuque Bank & Trust Co. purchased a new stake in shares of Education Realty Trust during the first quarter worth about $213,000. First Mercantile Trust Co. increased its stake in shares of Education Realty Trust by 2.3% in the first quarter. First Mercantile Trust Co. now owns 17,620 shares of the real estate investment trust’s stock worth $720,000 after buying an additional 390 shares during the last quarter. Finally, Independent Portfolio Consultants Inc. increased its stake in shares of Education Realty Trust by 16.3% in the first quarter. Independent Portfolio Consultants Inc. now owns 20,640 shares of the real estate investment trust’s stock worth $843,000 after buying an additional 2,895 shares during the last quarter.
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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