Zacks: Brokerages Anticipate Education Realty Trust, Inc. (EDR) to Post $0.38 EPS

Equities analysts expect Education Realty Trust, Inc. (NYSE:EDR) to report earnings per share (EPS) of $0.38 for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Education Realty Trust’s earnings, with the lowest EPS estimate coming in at $0.38 and the highest estimate coming in at $0.39. Education Realty Trust reported earnings per share of $0.42 in the same quarter last year, which would indicate a negative year-over-year growth rate of 9.5%. The business is scheduled to announce its next quarterly earnings report on Monday, September 17th.

According to Zacks, analysts expect that Education Realty Trust will report full year earnings of $1.85 per share for the current financial year, with EPS estimates ranging from $1.85 to $1.86. For the next fiscal year, analysts forecast that the company will post earnings of $1.98 per share, with EPS estimates ranging from $1.95 to $2.03. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow Education Realty Trust.

EDR has been the topic of a number of recent analyst reports. ValuEngine cut Education Realty Trust from a “hold” rating to a “sell” rating in a report on Tuesday, May 22nd. Goldman Sachs Group reiterated a “neutral” rating on shares of Education Realty Trust in a report on Thursday, May 31st. Evercore ISI upgraded Education Realty Trust from an “underperform” rating to an “outperform” rating and set a $42.00 price objective on the stock in a report on Sunday, June 3rd. Robert W. Baird upped their price objective on Education Realty Trust from $36.00 to $42.00 and gave the company an “outperform” rating in a report on Tuesday, June 26th. Finally, Sandler O’Neill cut Education Realty Trust from a “hold” rating to a “sell” rating in a report on Thursday, July 12th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. Education Realty Trust currently has an average rating of “Hold” and an average target price of $41.93.

A number of large investors have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its stake in Education Realty Trust by 1.9% during the second quarter. BlackRock Inc. now owns 10,609,855 shares of the real estate investment trust’s stock worth $440,309,000 after purchasing an additional 200,128 shares in the last quarter. Madison International Realty Holdings LLC lifted its stake in Education Realty Trust by 0.8% during the first quarter. Madison International Realty Holdings LLC now owns 2,325,379 shares of the real estate investment trust’s stock worth $76,156,000 after purchasing an additional 17,715 shares in the last quarter. Northern Trust Corp lifted its stake in Education Realty Trust by 3.6% during the first quarter. Northern Trust Corp now owns 2,215,977 shares of the real estate investment trust’s stock worth $72,574,000 after purchasing an additional 77,814 shares in the last quarter. Ceredex Value Advisors LLC acquired a new position in Education Realty Trust during the first quarter worth $61,014,000. Finally, Dimensional Fund Advisors LP lifted its stake in Education Realty Trust by 3.6% during the first quarter. Dimensional Fund Advisors LP now owns 1,161,935 shares of the real estate investment trust’s stock worth $38,054,000 after purchasing an additional 40,183 shares in the last quarter.

EDR traded up $0.03 during trading hours on Friday, reaching $41.49. The company’s stock had a trading volume of 1,528,417 shares, compared to its average volume of 648,283. Education Realty Trust has a fifty-two week low of $30.07 and a fifty-two week high of $43.30. The stock has a market capitalization of $3.34 billion, a PE ratio of 21.84 and a beta of 0.40. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.11 and a current ratio of 0.11.

Education Realty Trust Company Profile

A leader in the collegiate housing industry since 1964, EdR is one of the largest developers, owners and managers of high-quality collegiate housing communities. EdR is a self-administered and self-managed real estate investment trust (REIT) publicly traded on the New York Stock Exchange (NYSE: EDR).

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

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