Education Realty Trust Inc. (NYSE:EDR) – Analysts at FBR & Co boosted their Q3 2018 EPS estimates for shares of Education Realty Trust in a research note issued to investors on Monday. FBR & Co analyst D. Corak now expects that the real estate investment trust will post earnings of $0.36 per share for the quarter, up from their prior forecast of $0.35. FBR & Co has a “Buy” rating and a $44.00 price objective on the stock. FBR & Co also issued estimates for Education Realty Trust’s FY2018 earnings at $2.00 EPS.

Education Realty Trust (NYSE:EDR) last posted its quarterly earnings data on Monday, October 30th. The real estate investment trust reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.31). Education Realty Trust had a return on equity of 2.01% and a net margin of 11.33%. The business had revenue of $75.36 million for the quarter, compared to analyst estimates of $69.22 million. During the same quarter last year, the business earned $0.26 EPS. Education Realty Trust’s revenue for the quarter was up 13.8% compared to the same quarter last year.

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Other equities analysts have also recently issued reports about the stock. BidaskClub upgraded shares of Education Realty Trust from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Robert W. Baird restated an “outperform” rating and set a $40.00 price target (down from $45.00) on shares of Education Realty Trust in a report on Monday, October 2nd. Goldman Sachs Group, Inc. (The) upgraded shares of Education Realty Trust from a “neutral” rating to a “buy” rating and boosted their price target for the company from $40.00 to $42.00 in a report on Thursday, August 10th. TheStreet cut shares of Education Realty Trust from a “b” rating to a “c+” rating in a report on Monday, July 31st. Finally, Sandler O’Neill cut shares of Education Realty Trust from a “buy” rating to a “hold” rating and lowered their price target for the company from $47.00 to $40.00 in a report on Monday, July 31st. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $41.50.

A number of hedge funds have recently modified their holdings of the business. People s United Financial Inc. increased its stake in Education Realty Trust by 0.8% in the 2nd quarter. People s United Financial Inc. now owns 13,999 shares of the real estate investment trust’s stock valued at $542,000 after buying an additional 105 shares during the last quarter. Capstone Asset Management Co. grew its position in shares of Education Realty Trust by 1.3% in the 2nd quarter. Capstone Asset Management Co. now owns 8,560 shares of the real estate investment trust’s stock valued at $332,000 after acquiring an additional 110 shares during the period. Amalgamated Bank grew its position in shares of Education Realty Trust by 1.3% in the 2nd quarter. Amalgamated Bank now owns 10,431 shares of the real estate investment trust’s stock valued at $404,000 after acquiring an additional 135 shares during the period. PNC Financial Services Group Inc. grew its position in shares of Education Realty Trust by 10.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,697 shares of the real estate investment trust’s stock valued at $110,000 after acquiring an additional 246 shares during the period. Finally, GAM Holding AG grew its position in shares of Education Realty Trust by 5.0% in the 2nd quarter. GAM Holding AG now owns 6,360 shares of the real estate investment trust’s stock valued at $246,000 after acquiring an additional 300 shares during the period.

In other Education Realty Trust news, Director Wendell W. Weakley purchased 750 shares of the stock in a transaction on Wednesday, August 23rd. The shares were purchased at an average cost of $38.65 per share, for a total transaction of $28,987.50. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.50% of the company’s stock.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st will be issued a dividend of $0.39 per share. The ex-dividend date of this dividend is Monday, October 30th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.47%. Education Realty Trust’s payout ratio is 339.14%.

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.

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

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