FY2016 EPS Estimates for Education Realty Trust Inc. (EDR) Decreased by Analyst
Education Realty Trust Inc. (NYSE:EDR) – Equities researchers at FBR & Co reduced their FY2016 earnings per share estimates for Education Realty Trust in a note issued to investors on Tuesday. FBR & Co analyst D. Corak now expects that the brokerage will earn $1.78 per share for the year, down from their previous forecast of $1.79. FBR & Co has a “Outperform” rating and a $51.00 price objective on the stock. FBR & Co also issued estimates for Education Realty Trust’s FY2017 earnings at $1.99 EPS and FY2018 earnings at $2.18 EPS.
Education Realty Trust (NYSE:EDR) last released its earnings results on Monday, August 1st. The real estate investment trust reported $0.39 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.39. The company earned $65.14 million during the quarter, compared to analysts’ expectations of $61.88 million. Education Realty Trust had a return on equity of 3.22% and a net margin of 16.30%. The business’s revenue was up 13.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.41 EPS.
A number of other research firms have also commented on EDR. Canaccord Genuity boosted their price objective on Education Realty Trust from $51.00 to $54.00 and gave the stock a “buy” rating in a research note on Tuesday, August 2nd. Zacks Investment Research lowered Education Realty Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, August 3rd. JPMorgan Chase & Co. reissued a “hold” rating and issued a $44.00 price objective on shares of Education Realty Trust in a research note on Wednesday, August 3rd. Hilliard Lyons lowered Education Realty Trust from a “neutral” rating to an “underperform” rating in a research note on Friday, July 1st. Finally, Citigroup Inc. assumed coverage on Education Realty Trust in a research note on Wednesday, September 7th. They issued a “neutral” rating and a $46.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the stock. Education Realty Trust currently has an average rating of “Hold” and an average target price of $48.00.
Education Realty Trust (NYSE:EDR) opened at 43.23 on Wednesday. Education Realty Trust has a 1-year low of $32.55 and a 1-year high of $48.87. The stock’s 50 day moving average price is $44.80 and its 200 day moving average price is $43.60. The stock has a market capitalization of $3.16 billion, a PE ratio of 56.96 and a beta of 0.49.
In related news, Director Monte J. Barrow sold 5,000 shares of the company’s stock in a transaction dated Wednesday, August 17th. The stock was sold at an average price of $46.00, for a total value of $230,000.00. Following the completion of the sale, the director now owns 10,162 shares in the company, valued at $467,452. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.50% of the stock is owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in EDR. Tower Research Capital LLC TRC bought a new stake in Education Realty Trust during the second quarter worth approximately $130,000. BlackRock Japan Co. Ltd increased its stake in shares of Education Realty Trust by 13.1% in the first quarter. BlackRock Japan Co. Ltd now owns 3,273 shares of the real estate investment trust’s stock valued at $136,000 after buying an additional 379 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Education Realty Trust by 7.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,599 shares of the real estate investment trust’s stock valued at $166,000 after buying an additional 238 shares during the period. LS Investment Advisors LLC increased its stake in shares of Education Realty Trust by 84.7% in the second quarter. LS Investment Advisors LLC now owns 3,997 shares of the real estate investment trust’s stock valued at $184,000 after buying an additional 1,833 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Education Realty Trust during the second quarter valued at about $207,000.
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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