Equities research analysts expect Education Realty Trust, Inc. (NYSE:EDR) to post earnings of $0.36 per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Education Realty Trust’s earnings. The lowest EPS estimate is $0.33 and the highest is $0.38. Education Realty Trust posted earnings of $0.42 per share in the same quarter last year, which suggests a negative year over year growth rate of 14.3%. The firm is expected to announce its next earnings results on Monday, July 30th.
According to Zacks, analysts expect that Education Realty Trust will report full-year earnings of $1.85 per share for the current fiscal year, with EPS estimates ranging from $1.84 to $1.86. For the next financial year, analysts anticipate that the company will report earnings of $2.00 per share, with EPS estimates ranging from $1.95 to $2.06. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Education Realty Trust.
Education Realty Trust (NYSE:EDR) last posted its quarterly earnings data on Monday, April 30th. The real estate investment trust reported $0.53 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.02). The company had revenue of $90.70 million for the quarter, compared to analysts’ expectations of $85.79 million. Education Realty Trust had a net margin of 21.50% and a return on equity of 3.95%. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.60 EPS.
EDR has been the topic of several recent research reports. Evercore ISI raised shares of Education Realty Trust from an “underperform” rating to an “outperform” rating and set a $42.00 target price on the stock in a report on Sunday, June 3rd. Goldman Sachs Group reaffirmed a “neutral” rating on shares of Education Realty Trust in a report on Thursday, May 31st. Sandler O’Neill reaffirmed a “hold” rating and set a $34.00 target price on shares of Education Realty Trust in a report on Monday, February 26th. ValuEngine raised shares of Education Realty Trust from a “sell” rating to a “hold” rating in a report on Tuesday, May 29th. Finally, TheStreet raised shares of Education Realty Trust from a “c” rating to a “b-” rating in a report on Monday, May 7th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company’s stock. Education Realty Trust currently has a consensus rating of “Hold” and a consensus target price of $40.33.
Education Realty Trust opened at $40.83 on Thursday, Marketbeat.com reports. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.18 and a current ratio of 0.18. Education Realty Trust has a 52 week low of $30.07 and a 52 week high of $43.30. The firm has a market cap of $3.06 billion, a P/E ratio of 21.61, a price-to-earnings-growth ratio of 5.14 and a beta of 0.43.
A number of institutional investors have recently made changes to their positions in EDR. Ceredex Value Advisors LLC bought a new stake in Education Realty Trust in the 1st quarter worth $61,014,000. V3 Capital Management L.P. grew its holdings in Education Realty Trust by 185.7% in the 1st quarter. V3 Capital Management L.P. now owns 951,401 shares of the real estate investment trust’s stock worth $31,158,000 after acquiring an additional 618,353 shares during the last quarter. BlackRock Inc. grew its holdings in Education Realty Trust by 5.2% in the 4th quarter. BlackRock Inc. now owns 10,218,931 shares of the real estate investment trust’s stock worth $356,846,000 after acquiring an additional 505,601 shares during the last quarter. Allianz Asset Management GmbH bought a new stake in Education Realty Trust in the 1st quarter worth $6,574,000. Finally, Channing Capital Management LLC grew its holdings in Education Realty Trust by 13.9% in the 4th quarter. Channing Capital Management LLC now owns 1,527,099 shares of the real estate investment trust’s stock worth $53,326,000 after acquiring an additional 186,518 shares during the last quarter.
Education Realty Trust Company Profile
EdR (NYSE: EDR) is one of America's largest owners, developers and managers of collegiate housing. EdR is a self-administered and self-managed real estate investment trust that owns or manages 79 communities with more than 42,300 beds serving 50 universities in 25 states. EdR is a member of the Russell 2000 Index, the S&P MidCap 400 and the Morgan Stanley REIT indices.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Education Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Education Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.