Education Realty Trust Inc. (NYSE:EDR) announced a quarterly dividend on Thursday, October 12th, RTT News reports. Stockholders of record on Tuesday, October 31st will be given a dividend of 0.39 per share by the real estate investment trust on Wednesday, November 15th. This represents a $1.56 annualized dividend and a dividend yield of 4.22%.

Education Realty Trust has increased its dividend payment by an average of 6.0% per year over the last three years and has increased its dividend annually for the last 6 consecutive years. Education Realty Trust has a dividend payout ratio of 82.1% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Analysts expect Education Realty Trust to earn $0.62 per share next year, which means the company may not be able to cover its $1.56 annual dividend with an expected future payout ratio of 251.6%.

Education Realty Trust (EDR) traded up 1.54% during mid-day trading on Thursday, hitting $37.01. The stock had a trading volume of 1,004,579 shares. The firm has a market cap of $2.71 billion, a PE ratio of 86.07 and a beta of 0.45. Education Realty Trust has a 12-month low of $35.57 and a 12-month high of $43.16. The company has a 50-day moving average of $37.96 and a 200-day moving average of $38.64.

Education Realty Trust (NYSE:EDR) last posted its quarterly earnings results on Monday, July 31st. The real estate investment trust reported $0.42 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.42. The business had revenue of $74.04 million during the quarter, compared to the consensus estimate of $69.40 million. Education Realty Trust had a return on equity of 1.83% and a net margin of 10.58%. The company’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same period last year, the firm earned $0.39 earnings per share. Analysts expect that Education Realty Trust will post $0.51 earnings per share for the current year.

A number of equities analysts recently commented on EDR shares. FBR & Co reiterated a “buy” rating on shares of Education Realty Trust in a research note on Thursday, June 22nd. BidaskClub upgraded Education Realty Trust from a “hold” rating to a “buy” rating in a research note on Friday, June 16th. KeyCorp reiterated a “buy” rating and issued a $47.00 price target on shares of Education Realty Trust in a research note on Wednesday, September 6th. Goldman Sachs Group, Inc. (The) upgraded Education Realty Trust from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $40.00 to $42.00 in a research note on Thursday, August 10th. Finally, TheStreet downgraded Education Realty Trust from a “b” rating to a “c+” rating in a research note on Monday, July 31st. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $42.63.

In other Education Realty Trust news, Director Wendell W. Weakley bought 750 shares of the business’s stock in a transaction on Wednesday, August 23rd. The shares were purchased at an average price of $38.65 per share, with a total value of $28,987.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Edwin B. Brewer, Jr. bought 1,000 shares of the business’s stock in a transaction on Thursday, August 3rd. The stock was acquired at an average cost of $37.50 per share, for a total transaction of $37,500.00. The disclosure for this purchase can be found here. Insiders acquired 2,550 shares of company stock worth $96,496 in the last three months. 0.50% of the stock is currently owned by corporate insiders.

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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.

Dividend History for Education Realty Trust (NYSE:EDR)

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