Education Realty Trust Inc. (NYSE:EDR) – Analysts at Capital One Financial Corp. reduced their FY2016 earnings estimates for shares of Education Realty Trust in a research note issued to investors on Monday. Capital One Financial Corp. analyst T. Lesnick now forecasts that the brokerage will earn $1.76 per share for the year, down from their prior estimate of $1.78. Capital One Financial Corp. has a “Equal Weight” rating and a $54.00 price target on the stock. Capital One Financial Corp. also issued estimates for Education Realty Trust’s Q4 2016 earnings at $0.58 EPS.

Education Realty Trust (NYSE:EDR) last issued its quarterly earnings data on Monday, August 1st. The real estate investment trust reported $0.39 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.39. Education Realty Trust had a return on equity of 3.22% and a net margin of 16.30%. The firm earned $65.14 million during the quarter, compared to analyst estimates of $61.88 million. During the same quarter last year, the firm earned $0.41 EPS. Education Realty Trust’s quarterly revenue was up 13.6% on a year-over-year basis.

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

Several other brokerages have also recently commented on EDR. JPMorgan Chase & Co. reaffirmed a “hold” rating and issued a $44.00 target price on shares of Education Realty Trust in a research report on Wednesday, August 3rd. Canaccord Genuity set a $54.00 price objective on Education Realty Trust and gave the company a “buy” rating in a research report on Sunday, September 11th. FBR & Co lifted their price objective on Education Realty Trust from $48.00 to $51.00 and gave the company an “outperform” rating in a research report on Tuesday, August 2nd. KeyCorp set a $52.00 price objective on Education Realty Trust and gave the company a “buy” rating in a research report on Monday, August 22nd. Finally, Robert W. Baird raised Education Realty Trust from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $42.97 to $47.00 in a research report on Tuesday, September 20th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $47.75.

Shares of Education Realty Trust (NYSE:EDR) traded up 0.39% during midday trading on Wednesday, reaching $41.52. The company’s stock had a trading volume of 330,562 shares. The stock has a market capitalization of $3.03 billion, a P/E ratio of 54.70 and a beta of 0.48. Education Realty Trust has a 12 month low of $34.00 and a 12 month high of $48.87. The stock’s 50-day moving average is $43.04 and its 200 day moving average is $43.62.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 15th. Stockholders of record on Monday, October 31st will be paid a $0.38 dividend. The ex-dividend date is Thursday, October 27th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.68%. Education Realty Trust’s payout ratio is presently 220.29%.

In other news, Director Monte J. Barrow sold 5,000 shares of Education Realty Trust 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 transaction, the director now directly 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 insiders.

Institutional investors have recently bought and sold shares of the company. State Street Corp raised its position in Education Realty Trust by 37.7% in the second quarter. State Street Corp now owns 3,137,607 shares of the real estate investment trust’s stock worth $144,770,000 after buying an additional 859,498 shares during the last quarter. Daiwa Securities Group Inc. raised its position in Education Realty Trust by 20.1% in the second quarter. Daiwa Securities Group Inc. now owns 5,097,189 shares of the real estate investment trust’s stock worth $235,184,000 after buying an additional 854,423 shares during the last quarter. Emerald Acquisition Ltd. acquired a new position in Education Realty Trust during the second quarter worth approximately $36,825,000. Bank of New York Mellon Corp raised its position in Education Realty Trust by 24.2% in the second quarter. Bank of New York Mellon Corp now owns 3,539,344 shares of the real estate investment trust’s stock worth $163,304,000 after buying an additional 689,046 shares during the last quarter. Finally, BlackRock Fund Advisors raised its position in Education Realty Trust by 12.9% in the first quarter. BlackRock Fund Advisors now owns 3,978,071 shares of the real estate investment trust’s stock worth $165,488,000 after buying an additional 453,525 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.

5 Day Chart for NYSE:EDR

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