Wall Street brokerages expect that Education Realty Trust, Inc. (NYSE:EDR) will announce earnings per share (EPS) of $0.58 for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Education Realty Trust’s earnings. The lowest EPS estimate is $0.57 and the highest is $0.59. Education Realty Trust reported earnings of $0.19 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 205.3%. The firm is scheduled to announce its next earnings results on Tuesday, February 20th.

According to Zacks, analysts expect that Education Realty Trust will report full-year earnings of $1.90 per share for the current fiscal year, with EPS estimates ranging from $1.89 to $1.91. For the next year, analysts expect that the company will report earnings of $1.97 per share, with EPS estimates ranging from $1.93 to $2.00. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Education Realty Trust.

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

EDR has been the topic of a number of research analyst reports. Royal Bank of Canada reduced their price objective on shares of Education Realty Trust from $43.00 to $40.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 8th. Robert W. Baird set a $38.00 price objective on shares of Education Realty Trust and gave the company a “buy” rating in a research note on Tuesday, October 31st. KeyCorp reiterated a “buy” rating and set a $47.00 price objective on shares of Education Realty Trust in a research note on Wednesday, September 6th. B. Riley set a $44.00 price objective on shares of Education Realty Trust and gave the company a “buy” rating in a research note on Tuesday, November 14th. Finally, FBR & Co reiterated a “buy” rating and set a $44.00 price objective on shares of Education Realty Trust in a research note on Monday, October 30th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company. Education Realty Trust currently has a consensus rating of “Hold” and an average target price of $41.60.

Education Realty Trust (NYSE EDR) remained flat at $$36.20 during midday trading on Friday. 2,451,800 shares of the company’s stock were exchanged, compared to its average volume of 516,419. Education Realty Trust has a 52 week low of $34.67 and a 52 week high of $42.80. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $2,730.89, a P/E ratio of 18.97, a P/E/G ratio of 3.16 and a beta of 0.44.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Tuesday, October 31st were given a $0.39 dividend. The ex-dividend date of this dividend was Monday, October 30th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.31%. Education Realty Trust’s payout ratio is currently 339.14%.

In other Education Realty Trust news, Chairman Randy L. Churchey purchased 20,000 shares of Education Realty Trust stock in a transaction dated Wednesday, November 1st. The shares were bought at an average cost of $35.01 per share, for a total transaction of $700,200.00. Following the transaction, the chairman now owns 149,506 shares in the company, valued at approximately $5,234,205.06. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Edwin B. Brewer, Jr. purchased 5,000 shares of Education Realty Trust stock in a transaction dated Thursday, November 2nd. The stock was acquired at an average price of $35.01 per share, for a total transaction of $175,050.00. The disclosure for this purchase can be found here. Company insiders own 0.50% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Deprince Race & Zollo Inc. bought a new stake in Education Realty Trust in the 2nd quarter valued at about $17,991,000. Goldman Sachs Group Inc. lifted its position in Education Realty Trust by 103.2% in the 2nd quarter. Goldman Sachs Group Inc. now owns 534,297 shares of the real estate investment trust’s stock valued at $20,704,000 after purchasing an additional 271,415 shares during the last quarter. William Blair Investment Management LLC lifted its position in Education Realty Trust by 57.5% in the 2nd quarter. William Blair Investment Management LLC now owns 637,144 shares of the real estate investment trust’s stock valued at $24,689,000 after purchasing an additional 232,500 shares during the last quarter. Mesirow Financial Investment Management Equity Management bought a new stake in Education Realty Trust in the 3rd quarter valued at about $8,084,000. Finally, Channing Capital Management LLC lifted its position in Education Realty Trust by 15.6% in the 3rd quarter. Channing Capital Management LLC now owns 1,340,581 shares of the real estate investment trust’s stock valued at $48,167,000 after purchasing an additional 180,768 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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