Zacks: Analysts Anticipate Education Realty Trust, Inc. (EDR) Will Announce Quarterly Sales of $87.34 Million

Equities research analysts predict that Education Realty Trust, Inc. (NYSE:EDR) will report $87.34 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Education Realty Trust’s earnings, with the highest sales estimate coming in at $90.70 million and the lowest estimate coming in at $81.90 million. Education Realty Trust posted sales of $84.22 million in the same quarter last year, which would indicate a positive year over year growth rate of 3.7%. The company is scheduled to announce its next earnings results before the market opens on Tuesday, February 20th.

On average, analysts expect that Education Realty Trust will report full-year sales of $87.34 million for the current fiscal year, with estimates ranging from $303.84 million to $319.47 million. For the next fiscal year, analysts anticipate that the business will post sales of $324.44 million per share, with estimates ranging from $300.84 million to $338.27 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Education Realty Trust.

A number of equities research analysts have commented on the company. B. Riley set a $44.00 price objective on Education Realty Trust and gave the stock a “buy” rating in a research report on Tuesday, January 2nd. KeyCorp restated a “buy” rating and set a $40.00 price objective on shares of Education Realty Trust in a research report on Thursday, December 21st. JPMorgan Chase & Co. lowered Education Realty Trust from a “neutral” rating to an “underweight” rating in a research report on Friday, December 15th. Royal Bank of Canada decreased their price objective on Education Realty Trust from $43.00 to $40.00 and set an “outperform” rating for the company in a research report on Wednesday, November 8th. Finally, Robert W. Baird set a $38.00 price objective on Education Realty Trust and gave the stock a “buy” rating in a research report on Tuesday, October 31st. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the stock. Education Realty Trust has an average rating of “Hold” and an average target price of $40.90.

Shares of Education Realty Trust (NYSE:EDR) traded up $0.74 during midday trading on Tuesday, reaching $31.04. The company’s stock had a trading volume of 530,771 shares, compared to its average volume of 490,817. Education Realty Trust has a 12-month low of $30.27 and a 12-month high of $42.44. The firm has a market cap of $2,351.37, a price-to-earnings ratio of 66.65, a PEG ratio of 2.85 and a beta of 0.38. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.29 and a quick ratio of 0.29.

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st will be issued a dividend of $0.39 per share. The ex-dividend date is Tuesday, January 30th. This represents a $1.56 annualized dividend and a dividend yield of 5.03%. Education Realty Trust’s dividend payout ratio is 339.14%.

Several institutional investors have recently made changes to their positions in EDR. BlackRock Inc. lifted its holdings in shares of Education Realty Trust by 5.2% during the 4th quarter. BlackRock Inc. now owns 10,218,931 shares of the real estate investment trust’s stock valued at $356,846,000 after buying an additional 505,601 shares during the last quarter. Deprince Race & Zollo Inc. lifted its holdings in shares of Education Realty Trust by 71.4% during the 3rd quarter. Deprince Race & Zollo Inc. now owns 795,756 shares of the real estate investment trust’s stock valued at $28,592,000 after buying an additional 331,464 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Education Realty Trust by 103.2% during the 2nd quarter. Goldman Sachs Group Inc. now owns 534,297 shares of the real estate investment trust’s stock valued at $20,704,000 after buying an additional 271,415 shares during the last quarter. Mesirow Financial Investment Management Equity Management lifted its holdings in shares of Education Realty Trust by 114.0% during the 4th quarter. Mesirow Financial Investment Management Equity Management now owns 481,593 shares of the real estate investment trust’s stock valued at $16,817,000 after buying an additional 256,593 shares during the last quarter. Finally, Channing Capital Management LLC lifted its holdings in shares of Education Realty Trust by 15.6% during the 3rd quarter. Channing Capital Management LLC now owns 1,340,581 shares of the real estate investment trust’s stock valued at $48,167,000 after buying an additional 180,768 shares during the last quarter.

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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.

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

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