$87.34 Million in Sales Expected for Education Realty Trust, Inc. (EDR) This Quarter

Analysts forecast that Education Realty Trust, Inc. (NYSE:EDR) will post sales of $87.34 million for the current quarter, Zacks reports. Three analysts have provided estimates for Education Realty Trust’s earnings, with the highest sales estimate coming in at $90.70 million and the lowest estimate coming in at $81.90 million. Education Realty Trust reported sales of $84.22 million in the same quarter last year, which would suggest a positive year over year growth rate of 3.7%. The firm is expected to report its next quarterly earnings report before the market opens on Tuesday, February 20th.

According to Zacks, analysts expect that Education Realty Trust will report full year sales of $87.34 million for the current year, with estimates ranging from $303.84 million to $319.47 million. For the next financial year, analysts forecast that the firm will post sales of $324.44 million per share, with estimates ranging from $300.84 million to $338.27 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Education Realty Trust.

Several research analysts recently weighed in on the company. Robert W. Baird set a $38.00 target price on Education Realty Trust and gave the stock a “buy” rating in a research report on Tuesday, October 31st. FBR & Co reaffirmed a “buy” rating and issued a $44.00 target price on shares of Education Realty Trust in a research report on Monday, October 30th. Royal Bank of Canada cut their target price on Education Realty Trust from $43.00 to $40.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 8th. JPMorgan Chase & Co. lowered Education Realty Trust from a “neutral” rating to an “underweight” rating in a research report on Friday, December 15th. Finally, KeyCorp reaffirmed a “buy” rating and issued a $40.00 target price on shares of Education Realty Trust in a research report on Thursday, December 21st. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $40.90.

A number of large investors have recently added to or reduced their stakes in the business. Comerica Bank raised its position in Education Realty Trust by 7.7% in the fourth quarter. Comerica Bank now owns 191,707 shares of the real estate investment trust’s stock valued at $6,453,000 after purchasing an additional 13,763 shares during the period. Quantitative Systematic Strategies LLC raised its position in Education Realty Trust by 133.6% in the fourth quarter. Quantitative Systematic Strategies LLC now owns 26,115 shares of the real estate investment trust’s stock valued at $912,000 after purchasing an additional 14,936 shares during the period. Mutual of America Capital Management LLC raised its position in Education Realty Trust by 5.0% in the fourth quarter. Mutual of America Capital Management LLC now owns 63,690 shares of the real estate investment trust’s stock valued at $2,224,000 after purchasing an additional 3,033 shares during the period. Mesirow Financial Investment Management Equity Management raised its position in Education Realty Trust by 114.0% in the fourth quarter. Mesirow Financial Investment Management Equity Management now owns 481,593 shares of the real estate investment trust’s stock valued at $16,817,000 after purchasing an additional 256,593 shares during the period. Finally, Congress Asset Management Co. MA raised its position in Education Realty Trust by 14.0% in the fourth quarter. Congress Asset Management Co. MA now owns 70,600 shares of the real estate investment trust’s stock valued at $2,465,000 after purchasing an additional 8,685 shares during the period.

Education Realty Trust (NYSE EDR) opened at $31.13 on Tuesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.29 and a quick ratio of 0.29. The firm has a market capitalization of $2,426.37, a price-to-earnings ratio of 16.86, a P/E/G ratio of 2.94 and a beta of 0.38. Education Realty Trust has a 52-week low of $31.13 and a 52-week high of $42.44.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st will be given a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 5.01%. The ex-dividend date of this dividend is Tuesday, January 30th. Education Realty Trust’s dividend payout ratio (DPR) is presently 339.14%.

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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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