ValuEngine cut shares of Education Realty Trust (NYSE:EDR) from a hold rating to a sell rating in a research report sent to investors on Tuesday morning.
Several other equities analysts also recently issued reports on EDR. B. Riley set a $44.00 price target on shares of Education Realty Trust and gave the company a buy rating in a research note on Tuesday, February 20th. Robert W. Baird set a $36.00 price target on shares of Education Realty Trust and gave the company a buy rating in a research note on Thursday, February 22nd. Sandler O’Neill reaffirmed a hold rating and set a $34.00 price target on shares of Education Realty Trust in a research note on Monday, February 26th. TheStreet raised shares of Education Realty Trust from a c rating to a b- rating in a research note on Monday, May 7th. Finally, Zacks Investment Research raised shares of Education Realty Trust from a sell rating to a hold rating in a research note on Tuesday, May 15th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of $40.13.
Education Realty Trust opened at $34.69 on Tuesday, Marketbeat.com reports. The firm has a market cap of $2.58 billion, a PE ratio of 18.26, a price-to-earnings-growth ratio of 3.74 and a beta of 0.39. Education Realty Trust has a 52-week low of $30.07 and a 52-week high of $40.84. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.53.
Education Realty Trust (NYSE:EDR) last released its quarterly earnings results on Monday, April 30th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.02). The business had revenue of $90.70 million for the quarter, compared to the consensus estimate of $85.79 million. Education Realty Trust had a net margin of 21.50% and a return on equity of 3.95%. Education Realty Trust’s revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.60 EPS. research analysts predict that Education Realty Trust will post 1.85 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, May 15th. Investors of record on Monday, April 30th were paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 4.50%. The ex-dividend date was Friday, April 27th. Education Realty Trust’s dividend payout ratio is presently 82.11%.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. raised its stake in Education Realty Trust by 1.9% during the first quarter. BlackRock Inc. now owns 10,409,727 shares of the real estate investment trust’s stock worth $340,919,000 after buying an additional 190,796 shares during the last quarter. Madison International Realty Holdings LLC raised its stake in Education Realty Trust by 0.8% during the first quarter. Madison International Realty Holdings LLC now owns 2,325,379 shares of the real estate investment trust’s stock worth $76,156,000 after buying an additional 17,715 shares during the last quarter. Northern Trust Corp raised its stake in Education Realty Trust by 3.6% during the first quarter. Northern Trust Corp now owns 2,215,977 shares of the real estate investment trust’s stock worth $72,574,000 after buying an additional 77,814 shares during the last quarter. Ceredex Value Advisors LLC bought a new position in Education Realty Trust during the first quarter worth $61,014,000. Finally, Channing Capital Management LLC raised its stake in Education Realty Trust by 13.9% during the fourth quarter. Channing Capital Management LLC now owns 1,527,099 shares of the real estate investment trust’s stock worth $53,326,000 after buying an additional 186,518 shares during the last quarter.
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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