Equities analysts predict that Education Realty Trust Inc. (NYSE:EDR) will post $68.35 million in sales for the current quarter, Zacks reports. Two analysts have made estimates for Education Realty Trust’s earnings, with the lowest sales estimate coming in at $67.69 million and the highest estimate coming in at $69.01 million. Education Realty Trust reported sales of $66.23 million in the same quarter last year, which would suggest a positive year over year growth rate of 3.2%. The company is scheduled to issue its next quarterly earnings results on Monday, October 30th.

According to Zacks, analysts expect that Education Realty Trust will report full-year sales of $68.35 million for the current financial year, with estimates ranging from $307.36 million to $313.58 million. For the next financial year, analysts forecast that the firm will post sales of $316.22 million per share, with estimates ranging from $311.79 million to $320.65 million. Zacks’ sales calculations are an average based on a survey of analysts that that provide coverage for Education Realty Trust.

Education Realty Trust (NYSE:EDR) last posted its earnings results on Monday, July 31st. The real estate investment trust reported $0.42 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.42. Education Realty Trust had a net margin of 10.58% and a return on equity of 1.83%. The company had revenue of $74.04 million during the quarter, compared to analyst estimates of $69.40 million. During the same period in the prior year, the business posted $0.39 earnings per share. Education Realty Trust’s revenue for the quarter was up 13.7% on a year-over-year basis.

Several equities research analysts have issued reports on the stock. JMP Securities cut shares of 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. FBR & Co reissued a “buy” rating on shares of Education Realty Trust in a research report on Thursday, June 22nd. Citigroup Inc. cut shares of Education Realty Trust from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $44.00 to $41.00 in a research report on Thursday, June 29th. Canaccord Genuity cut shares of Education Realty Trust from a “buy” rating to a “hold” rating and lowered their price objective for the company from $46.00 to $43.00 in a research report on Monday, April 10th. Finally, BidaskClub raised shares of Education Realty Trust from a “hold” rating to a “buy” rating in a research report on Friday, June 16th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $45.63.

Shares of Education Realty Trust (NYSE:EDR) opened at 37.51 on Tuesday. The firm has a 50-day moving average of $38.98 and a 200 day moving average of $39.65. The stock has a market capitalization of $2.75 billion, a price-to-earnings ratio of 87.23 and a beta of 0.44. Education Realty Trust has a one year low of $36.98 and a one year high of $47.57.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Monday, July 31st will be given a dividend of $0.39 per share. This is a boost from Education Realty Trust’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Thursday, July 27th. This represents a $1.56 dividend on an annualized basis and a yield of 4.16%. Education Realty Trust’s dividend payout ratio is presently 371.44%.

In other news, Director John T. Thomas bought 800 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The stock was bought at an average price of $37.51 per share, with a total value of $30,008.00. Following the completion of the transaction, the director now directly owns 3,299 shares of the company’s stock, valued at approximately $123,745.49. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Edwin B. Brewer, Jr. bought 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The shares were purchased at an average cost of $37.50 per share, with a total value of $37,500.00. The disclosure for this purchase can be found here. Insiders have purchased 2,800 shares of company stock valued at $105,138 in the last three months. 0.50% of the stock is currently owned by corporate insiders.

A number of large investors have recently bought and sold shares of EDR. PNC Financial Services Group Inc. boosted 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 boosted 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. purchased a new stake in Education Realty Trust during the first quarter worth approximately $213,000. Keybank National Association OH boosted 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, GAM Holding AG boosted its stake in Education Realty Trust by 5.0% in the second quarter. GAM Holding AG now owns 6,360 shares of the real estate investment trust’s stock worth $246,000 after buying an additional 300 shares during the last quarter.

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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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Earnings History and Estimates for Education Realty Trust (NYSE:EDR)

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