Wall Street analysts expect Education Realty Trust, Inc. (NYSE:EDR) to post $0.58 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Education Realty Trust’s earnings, with estimates ranging from $0.57 to $0.60. Education Realty Trust reported earnings per share of $0.59 in the same quarter last year, which indicates a negative year over year growth rate of 1.7%. The company is scheduled to report 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 year, with EPS estimates ranging from $1.89 to $1.91. For the next financial year, analysts forecast that the company will post earnings of $1.97 per share, with EPS estimates ranging from $1.93 to $1.99. Zacks’ earnings per share calculations are an average based on a survey of analysts that follow Education Realty Trust.

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 the Zacks’ consensus estimate of $0.30 by ($0.31). The firm had revenue of $75.36 million for the quarter, compared to analyst estimates of $69.22 million. Education Realty Trust had a return on equity of 2.01% and a net margin of 11.33%. The firm’s revenue was up 13.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.26 EPS.

A number of research analysts have weighed in on the stock. B. Riley set a $44.00 target price on shares of Education Realty Trust and gave the stock a “buy” rating in a research report on Tuesday, November 14th. JPMorgan Chase & Co. downgraded shares of Education Realty Trust from a “neutral” rating to an “underweight” rating in a report on Friday, December 15th. Royal Bank of Canada dropped 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 report on Wednesday, November 8th. Robert W. Baird restated an “outperform” rating and set a $40.00 price objective (down previously from $45.00) on shares of Education Realty Trust in a report on Monday, October 2nd. Finally, FBR & Co restated a “buy” rating and set a $44.00 price objective on shares of Education Realty Trust in a report on Monday, October 30th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $40.90.

Education Realty Trust (EDR) opened at $33.64 on Thursday. The firm has a market cap of $2,545.30, a price-to-earnings ratio of 73.13, a price-to-earnings-growth ratio of 2.89 and a beta of 0.44. 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 52-week low of $33.02 and a 52-week high of $42.80.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st will be issued a dividend of $0.39 per share. The ex-dividend date is Tuesday, January 30th. This represents a $1.56 annualized dividend and a dividend yield of 4.64%. Education Realty Trust’s payout ratio is 339.14%.

In other Education Realty Trust news, Chairman Randy L. Churchey bought 20,000 shares of the stock in a transaction that occurred on Wednesday, November 1st. The shares were acquired at an average price of $35.01 per share, with a total value of $700,200.00. Following the completion of the purchase, the chairman now directly owns 149,506 shares in the company, valued at approximately $5,234,205.06. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Edwin B. Brewer, Jr. bought 5,000 shares of the stock in a transaction that occurred on Thursday, November 2nd. The stock was acquired at an average cost of $35.01 per share, for a total transaction of $175,050.00. The disclosure for this purchase can be found here. Insiders own 0.50% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Schwab Charles Investment Management Inc. increased its stake in Education Realty Trust by 10.8% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 847,161 shares of the real estate investment trust’s stock valued at $29,583,000 after acquiring an additional 82,533 shares during the period. Clean Yield Group increased its stake in Education Realty Trust by 60.0% in the fourth quarter. Clean Yield Group now owns 105,305 shares of the real estate investment trust’s stock valued at $3,677,000 after acquiring an additional 39,480 shares during the period. Public Employees Retirement System of Ohio increased its stake in Education Realty Trust by 2.4% in the third quarter. Public Employees Retirement System of Ohio now owns 83,353 shares of the real estate investment trust’s stock valued at $2,995,000 after acquiring an additional 1,988 shares during the period. GSA Capital Partners LLP bought a new stake in Education Realty Trust in the third quarter valued at about $792,000. Finally, Eii Capital Management Inc. bought a new stake in Education Realty Trust in the third quarter valued at about $817,000.

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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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