Education Realty Trust Inc. (NYSE:EDR) – Equities research analysts at Capital One Financial Corp. increased their FY2017 EPS estimates for shares of Education Realty Trust in a research note issued on Tuesday. Capital One Financial Corp. analyst T. Lesnick now forecasts that the brokerage will post earnings per share of $1.97 for the year, up from their prior forecast of $1.96. Capital One Financial Corp. currently has a “Equal Weight” rating and a $54.00 price target on the stock.

Education Realty Trust (NYSE:EDR) last issued its quarterly earnings results on Monday, October 31st. The real estate investment trust reported $0.26 EPS for the quarter, missing the consensus estimate of $0.28 by $0.02. Education Realty Trust had a return on equity of 2.86% and a net margin of 16.26%. The company had revenue of $66.23 million for the quarter, compared to analyst estimates of $62.09 million. During the same period last year, the company posted $0.30 EPS. The business’s revenue for the quarter was up 13.8% on a year-over-year basis.

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

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

Shares of Education Realty Trust (NYSE:EDR) traded up 0.90% during trading on Thursday, reaching $40.40. 871,972 shares of the company traded hands. The firm has a market capitalization of $2.95 billion, a PE ratio of 57.55 and a beta of 0.43. Education Realty Trust has a 12 month low of $34.26 and a 12 month high of $48.87. The firm has a 50-day moving average price of $41.84 and a 200-day moving average price of $43.74.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 15th. Investors of record on Monday, October 31st will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 3.76%. The ex-dividend date of this dividend is Thursday, October 27th. Education Realty Trust’s dividend payout ratio is currently 205.41%.

In other Education Realty Trust news, Director Monte J. Barrow sold 5,000 shares of Education Realty Trust stock in a transaction that occurred on Wednesday, August 17th. The shares were 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 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 through this hyperlink. Corporate insiders own 0.50% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. Shinko Asset Management Co. Ltd. boosted its stake in Education Realty Trust by 4.2% in the third quarter. Shinko Asset Management Co. Ltd. now owns 2,500 shares of the real estate investment trust’s stock worth $108,000 after buying an additional 100 shares during the period. Tower Research Capital LLC TRC acquired a new stake in Education Realty Trust during the second quarter worth about $130,000. BlackRock Japan Co. Ltd boosted its stake in Education Realty Trust by 3.0% in the second quarter. BlackRock Japan Co. Ltd now owns 3,370 shares of the real estate investment trust’s stock worth $155,000 after buying an additional 97 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in 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 worth $166,000 after buying an additional 238 shares during the period. Finally, LS Investment Advisors LLC boosted its stake in 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 worth $184,000 after buying an additional 1,833 shares during the period.

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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