Wall Street brokerages expect Education Realty Trust, Inc. (NYSE:EDR) to announce earnings per share of $0.55 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Education Realty Trust’s earnings. Education Realty Trust posted earnings per share of $0.60 during the same quarter last year, which would suggest a negative year over year growth rate of 8.3%. The firm is scheduled to report its next earnings results before the market opens on Monday, April 30th.
On average, analysts expect that Education Realty Trust will report full year earnings of $1.85 per share for the current financial year, with EPS estimates ranging from $1.82 to $1.86. For the next year, analysts expect that the business will post earnings of $2.00 per share, with EPS estimates ranging from $1.96 to $2.03. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Education Realty Trust.
Education Realty Trust (NYSE:EDR) last announced its quarterly earnings data on Tuesday, February 20th. The real estate investment trust reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.01. Education Realty Trust had a return on equity of 2.62% and a net margin of 14.33%. The company had revenue of $95.87 million during the quarter, compared to analyst estimates of $87.56 million. During the same quarter last year, the firm posted $0.59 EPS. The firm’s revenue for the quarter was up 13.8% on a year-over-year basis.
Several research analysts have commented on EDR shares. JPMorgan Chase downgraded Education Realty Trust from a “neutral” rating to an “underweight” rating in a research note on Friday, December 15th. KeyCorp restated a “buy” rating and issued a $40.00 target price on shares of Education Realty Trust in a research note on Thursday, December 21st. B. Riley set a $44.00 target price on Education Realty Trust and gave the stock a “buy” rating in a research note on Tuesday, January 2nd. Sandler O’Neill restated a “hold” rating and issued a $34.00 target price on shares of Education Realty Trust in a research note on Monday, February 26th. Finally, Robert W. Baird set a $36.00 target price on Education Realty Trust and gave the stock a “buy” rating in a research note on Thursday, February 22nd. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $40.10.
Shares of NYSE EDR opened at $32.38 on Friday. Education Realty Trust has a 52 week low of $30.07 and a 52 week high of $40.95. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $2,526.56, a price-to-earnings ratio of 17.04, a P/E/G ratio of 3.75 and a beta of 0.40.
Institutional investors and hedge funds have recently modified their holdings of the company. Advisor Group Inc. boosted its position in shares of Education Realty Trust by 72.8% during the 4th quarter. Advisor Group Inc. now owns 5,488 shares of the real estate investment trust’s stock valued at $192,000 after acquiring an additional 2,312 shares during the last quarter. Xact Kapitalforvaltning AB bought a new stake in shares of Education Realty Trust during the 4th quarter valued at about $240,000. Janney Montgomery Scott LLC bought a new stake in shares of Education Realty Trust during the 3rd quarter valued at about $302,000. Schroder Investment Management Group bought a new stake in shares of Education Realty Trust during the 3rd quarter valued at about $321,000. Finally, ING Groep NV boosted its position in shares of Education Realty Trust by 27.5% during the 4th quarter. ING Groep NV now owns 11,430 shares of the real estate investment trust’s stock valued at $399,000 after acquiring an additional 2,466 shares during the last quarter.
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.
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