Education Realty Trust, Inc. (NYSE:EDR) – B. Riley cut their Q2 2018 earnings per share estimates for Education Realty Trust in a report issued on Tuesday. B. Riley analyst D. Corak now anticipates that the real estate investment trust will earn $0.39 per share for the quarter, down from their previous forecast of $0.40. B. Riley currently has a “Buy” rating and a $44.00 price objective on the stock. B. Riley also issued estimates for Education Realty Trust’s Q3 2018 earnings at $0.35 EPS, FY2018 earnings at $1.97 EPS, Q1 2019 earnings at $0.65 EPS, Q2 2019 earnings at $0.50 EPS, Q3 2019 earnings at $0.39 EPS, Q4 2019 earnings at $0.66 EPS and FY2019 earnings at $2.21 EPS.

A number of other research analysts have also recently weighed in on the stock. Royal Bank of Canada lowered their target price 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. 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. Robert W. Baird reiterated an “outperform” rating and issued a $40.00 price target (down previously from $45.00) on shares of Education Realty Trust in a research note on Monday, October 2nd. JPMorgan Chase & Co. cut shares of Education Realty Trust from a “neutral” rating to an “underweight” rating in a research note on Friday, December 15th. Finally, FBR & Co reiterated a “buy” rating and issued a $44.00 price target 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 given a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $40.90.

Education Realty Trust (NYSE EDR) remained flat at $$34.92 on Wednesday. 604,400 shares of the company’s stock traded hands, compared to its average volume of 519,900. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.44. Education Realty Trust has a 12-month low of $34.44 and a 12-month high of $42.80. The company has a market cap of $2,645.29, a PE ratio of 75.91, a PEG ratio of 2.96 and a beta of 0.44.

Education Realty Trust (NYSE:EDR) last released its earnings results on Monday, October 30th. The real estate investment trust reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $75.36 million for the quarter, compared to analysts’ expectations of $69.22 million. During the same quarter last year, the firm posted $0.26 EPS. The firm’s quarterly revenue was up 13.8% compared to the same quarter last year.

Large investors have recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Education Realty Trust by 10.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,917 shares of the real estate investment trust’s stock valued at $191,000 after buying an additional 477 shares during the period. GAM Holding AG lifted its holdings in Education Realty Trust by 5.0% during the second quarter. GAM Holding AG now owns 6,360 shares of the real estate investment trust’s stock valued at $246,000 after purchasing an additional 300 shares in the last quarter. Riverhead Capital Management LLC lifted its holdings in Education Realty Trust by 87.7% during the second quarter. Riverhead Capital Management LLC now owns 6,758 shares of the real estate investment trust’s stock valued at $262,000 after purchasing an additional 3,158 shares in the last quarter. ETRADE Capital Management LLC lifted its stake in shares of Education Realty Trust by 4.5% in the second quarter. ETRADE Capital Management LLC now owns 7,534 shares of the real estate investment trust’s stock worth $292,000 after buying an additional 323 shares in the last quarter. Finally, Janney Montgomery Scott LLC purchased a new position in shares of Education Realty Trust in the third quarter worth about $302,000.

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

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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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