Education Realty Trust Inc. (EDR) Scheduled to Post Quarterly Earnings on Monday
Education Realty Trust Inc. (NYSE:EDR) will be announcing its earnings results before the market opens on Monday, October 30th. Analysts expect the company to announce earnings of $0.30 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 released its quarterly earnings results on Monday, July 31st. The real estate investment trust reported $0.42 EPS for the quarter, hitting the consensus estimate of $0.42. The firm had revenue of $74.04 million for the quarter, compared to analyst estimates of $69.40 million. Education Realty Trust had a return on equity of 1.83% and a net margin of 10.58%. Education Realty Trust’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.39 EPS. On average, analysts expect Education Realty Trust to post $1.9 EPS for the current fiscal year and $1.98 EPS for the next fiscal year.
Education Realty Trust Inc. (NYSE EDR) opened at 36.51 on Monday. The company’s 50-day moving average price is $37.67 and its 200 day moving average price is $38.48. Education Realty Trust Inc. has a 52-week low of $35.57 and a 52-week high of $43.16. The firm has a market capitalization of $2.67 billion, a price-to-earnings ratio of 84.91 and a beta of 0.45.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Tuesday, October 31st will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.27%. The ex-dividend date is Monday, October 30th. Education Realty Trust’s dividend payout ratio is 371.44%.
In other news, Director John T. Thomas acquired 800 shares of Education Realty Trust stock in a transaction on Thursday, August 3rd. The stock was bought at an average price of $37.51 per share, for a total transaction of $30,008.00. Following the transaction, the director now owns 3,299 shares of the company’s stock, valued at $123,745.49. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Wendell W. Weakley acquired 750 shares of Education Realty Trust stock in a transaction on Wednesday, August 23rd. The stock was purchased at an average price of $38.65 per share, with a total value of $28,987.50. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 2,550 shares of company stock valued at $96,496. 0.50% of the stock is owned by corporate insiders.
Several analysts recently weighed in on EDR shares. Citigroup Inc. downgraded Education Realty Trust from a “buy” rating to a “neutral” rating and decreased their target price for the company from $44.00 to $41.00 in a research note on Thursday, June 29th. BidaskClub downgraded Education Realty Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. KeyCorp restated a “buy” rating and set a $47.00 target price on shares of Education Realty Trust in a research note on Wednesday, September 6th. Sandler O’Neill downgraded Education Realty Trust from a “buy” rating to a “hold” rating and decreased their target price for the company from $47.00 to $40.00 in a research note on Monday, July 31st. Finally, Bank of America Corporation downgraded Education Realty Trust from a “buy” rating to a “neutral” rating in a research note on Friday, June 30th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company’s stock. Education Realty Trust presently has an average rating of “Hold” and an average target price of $42.63.
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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