Equities analysts expect Education Realty Trust Inc. (NYSE:EDR) to announce sales of $86.68 million for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Education Realty Trust’s earnings, with the highest sales estimate coming in at $86.69 million and the lowest estimate coming in at $86.66 million. Education Realty Trust reported sales of $85.80 million during the same quarter last year, which suggests a positive year over year growth rate of 1%. The company is expected to issue its next earnings results before the market opens on Monday, April 30th.
According to Zacks, analysts expect that Education Realty Trust will report full-year sales of $335.73 million for the current financial year, with estimates ranging from $330.45 million to $341.00 million. For the next financial year, analysts anticipate that the business will post sales of $361.24 million per share, with estimates ranging from $339.07 million to $383.41 million. Zacks’ sales calculations are an average based on a survey of research firms that follow Education Realty Trust.
Education Realty Trust (NYSE:EDR) last announced its earnings results on Tuesday, February 20th. The real estate investment trust reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.01. The business had revenue of $95.87 million for the quarter, compared to analysts’ expectations of $87.56 million. Education Realty Trust had a net margin of 14.33% and a return on equity of 2.62%. The company’s quarterly revenue was up 13.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.59 EPS.
A number of equities analysts have recently commented on the stock. Sandler O’Neill reaffirmed a “hold” rating and issued a $34.00 target price on shares of Education Realty Trust in a report on Monday, February 26th. Robert W. Baird set a $36.00 target price on shares of Education Realty Trust and gave the company a “buy” rating in a report on Thursday, February 22nd. B. Riley set a $44.00 target price on shares of Education Realty Trust and gave the company a “buy” rating in a report on Tuesday, February 20th. Finally, KeyCorp reaffirmed a “buy” rating and issued a $40.00 target price on shares of Education Realty Trust in a report on Thursday, December 21st. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $40.10.
A number of institutional investors and hedge funds have recently made changes to their positions in EDR. New York State Common Retirement Fund increased its stake in Education Realty Trust by 11.8% in the 3rd quarter. New York State Common Retirement Fund now owns 137,678 shares of the real estate investment trust’s stock valued at $4,947,000 after buying an additional 14,484 shares during the period. Schroder Investment Management Group acquired a new position in Education Realty Trust in the 3rd quarter valued at $321,000. Wells Fargo & Company MN grew its stake in shares of Education Realty Trust by 23.2% during the 3rd quarter. Wells Fargo & Company MN now owns 100,210 shares of the real estate investment trust’s stock worth $3,600,000 after purchasing an additional 18,885 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Education Realty Trust by 1.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,052,831 shares of the real estate investment trust’s stock worth $37,828,000 after purchasing an additional 17,835 shares during the period. Finally, Asset Management One Co. Ltd. grew its stake in shares of Education Realty Trust by 0.7% during the 3rd quarter. Asset Management One Co. Ltd. now owns 239,368 shares of the real estate investment trust’s stock worth $8,585,000 after purchasing an additional 1,625 shares during the period.
Shares of Education Realty Trust stock opened at $32.39 on Friday. The firm has a market capitalization of $2,453.81, a PE ratio of 17.05, a price-to-earnings-growth ratio of 3.64 and a beta of 0.40. Education Realty Trust has a 12 month low of $30.07 and a 12 month high of $40.95. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.22 and a current ratio of 0.22.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 15th. Shareholders of record on Monday, April 30th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Friday, April 27th. This represents a $1.56 annualized dividend and a yield of 4.82%. Education Realty Trust’s dividend payout ratio is currently 82.11%.
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About Education Realty Trust
One of America's largest owners, developers and managers of collegiate housing, EdR (NYSE:EDR) is a self-administered and self-managed real estate investment trust that owns or manages 85 communities with more than 45,500 beds serving 53 universities in 26 states. EdR is a member of the Russell 2000 Index, the S&P MidCap 400 and the Morgan Stanley REIT indices.
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