Education Realty Trust Inc. (EDR) Expected to Announce Quarterly Sales of $86.76 Million

Brokerages expect Education Realty Trust Inc. (NYSE:EDR) to announce sales of $86.76 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued 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 $82.82 million. Education Realty Trust reported sales of $84.22 million in the same quarter last year, which indicates a positive year over year growth rate of 3%. The firm is expected to report its next earnings report on Tuesday, February 20th.

On average, analysts expect that Education Realty Trust will report full-year sales of $86.76 million for the current financial year, with estimates ranging from $307.40 million to $319.47 million. For the next financial year, analysts forecast that the firm will post sales of $319.41 million per share, with estimates ranging from $304.60 million to $334.22 million. Zacks Investment Research’s sales 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) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.31). The business had revenue of $75.36 million during the quarter, compared to the consensus estimate of $69.22 million. Education Realty Trust had a net margin of 11.33% and a return on equity of 2.01%. The business’s revenue for the quarter 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 firms have issued reports on EDR. B. Riley set a $44.00 price objective on shares of Education Realty Trust and gave the company a “buy” rating in a report on Tuesday, November 14th. Royal Bank Of Canada cut their price target on shares of Education Realty Trust from $43.00 to $40.00 and set an “outperform” rating for the company in a report on Wednesday, November 8th. Robert W. Baird set a $38.00 price target on shares of Education Realty Trust and gave the stock a “buy” rating in a report on Tuesday, October 31st. FBR & Co reaffirmed a “buy” rating and set a $44.00 price target on shares of Education Realty Trust in a report on Monday, October 30th. Finally, KeyCorp reaffirmed a “buy” rating and set a $47.00 price target on shares of Education Realty Trust in a report on Wednesday, September 6th. Two 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 company’s stock. Education Realty Trust has an average rating of “Hold” and an average target price of $41.60.

Education Realty Trust (NYSE EDR) traded down $0.43 during midday trading on Wednesday, reaching $36.14. 954,634 shares of the company’s stock were exchanged, compared to its average volume of 478,469. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.44. The company has a market cap of $2,770.28, a P/E ratio of 19.25, a P/E/G ratio of 3.21 and a beta of 0.44. Education Realty Trust has a 52-week low of $34.67 and a 52-week high of $42.80.

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Tuesday, October 31st were issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.32%. The ex-dividend date of this dividend was Monday, October 30th. Education Realty Trust’s dividend payout ratio (DPR) is presently 339.14%.

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

A number of hedge funds have recently added to or reduced their stakes in the stock. People s United Financial Inc. increased its position in Education Realty Trust by 0.8% during the 2nd quarter. People s United Financial Inc. now owns 13,999 shares of the real estate investment trust’s stock worth $542,000 after purchasing an additional 105 shares in the last quarter. Capstone Asset Management Co. increased its position in Education Realty Trust by 1.3% during the 2nd quarter. Capstone Asset Management Co. now owns 8,560 shares of the real estate investment trust’s stock worth $332,000 after purchasing an additional 110 shares in the last quarter. Amalgamated Bank increased its position in Education Realty Trust by 1.3% during the 2nd quarter. Amalgamated Bank now owns 10,431 shares of the real estate investment trust’s stock worth $404,000 after purchasing an additional 135 shares in the last quarter. Suntrust Banks Inc. increased its position in Education Realty Trust by 0.3% during the 2nd quarter. Suntrust Banks Inc. now owns 87,777 shares of the real estate investment trust’s stock worth $3,401,000 after purchasing an additional 300 shares in the last quarter. Finally, GAM Holding AG increased its position in Education Realty Trust by 5.0% during the 2nd quarter. GAM Holding AG now owns 6,360 shares of the real estate investment trust’s stock worth $246,000 after purchasing an additional 300 shares in the last quarter.

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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.

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Earnings History and Estimates for Education Realty Trust (NYSE:EDR)

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