Zacks: Analysts Expect Education Realty Trust, Inc. (EDR) to Announce $0.58 EPS

Wall Street analysts expect Education Realty Trust, Inc. (NYSE:EDR) to report earnings per share of $0.58 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Education Realty Trust’s earnings. The lowest EPS estimate is $0.57 and the highest is $0.60. Education Realty Trust reported earnings per share of $0.19 in the same quarter last year, which would suggest a positive year over year growth rate of 205.3%. The firm is expected to report its next earnings report on Tuesday, February 20th.

According to Zacks, analysts expect that Education Realty Trust will report full year earnings of $1.90 per share for the current financial year, with EPS estimates ranging from $1.89 to $1.91. For the next financial year, analysts anticipate that the company will report earnings of $1.96 per share, with EPS estimates ranging from $1.93 to $1.98. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that cover Education Realty Trust.

Education Realty Trust (NYSE:EDR) last released its quarterly earnings data on Monday, October 30th. The real estate investment trust reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.31). Education Realty Trust had a net margin of 11.33% and a return on equity of 2.01%. The firm had revenue of $75.36 million during the quarter, compared to the consensus estimate of $69.22 million. During the same quarter last year, the business posted $0.26 earnings per share. Education Realty Trust’s revenue was up 13.8% compared to the same quarter last year.

Several brokerages have issued reports on EDR. Robert W. Baird set a $38.00 target price on shares of Education Realty Trust and gave the company a “buy” rating in a research report on Tuesday, October 31st. KeyCorp reiterated a “buy” rating and set a $47.00 target price on shares of Education Realty Trust in a research report on Wednesday, September 6th. FBR & Co reissued a “buy” rating and set a $44.00 price target on shares of Education Realty Trust in a research note on Monday, October 30th. Royal Bank of Canada decreased their price target on shares of Education Realty Trust from $43.00 to $40.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 8th. Finally, JPMorgan Chase & Co. downgraded shares of Education Realty Trust from a “neutral” rating to an “underweight” rating in a research note on Friday, December 15th. Three analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $40.90.

In other Education Realty Trust news, VP Edwin B. Brewer, Jr. bought 5,000 shares of the company’s stock in a transaction dated Thursday, November 2nd. The shares were purchased at an average price of $35.01 per share, for a total transaction of $175,050.00. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Randy L. Churchey bought 20,000 shares of the company’s stock in a transaction dated Wednesday, November 1st. The shares were acquired at an average price of $35.01 per share, for a total transaction of $700,200.00. Following the acquisition, the chairman now owns 149,506 shares in the company, valued at approximately $5,234,205.06. The disclosure for this purchase can be found here. Insiders own 0.50% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio boosted its stake in Education Realty Trust by 2.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 83,353 shares of the real estate investment trust’s stock worth $2,995,000 after purchasing an additional 1,988 shares in the last quarter. GSA Capital Partners LLP bought a new position in Education Realty Trust during the 3rd quarter valued at about $792,000. Eii Capital Management Inc. bought a new position in Education Realty Trust during the 3rd quarter valued at about $817,000. California Public Employees Retirement System lifted its stake in Education Realty Trust by 6.4% during the 3rd quarter. California Public Employees Retirement System now owns 115,469 shares of the real estate investment trust’s stock valued at $4,149,000 after acquiring an additional 6,936 shares during the period. Finally, Janney Montgomery Scott LLC bought a new position in Education Realty Trust during the 3rd quarter valued at about $302,000.

Education Realty Trust (NYSE:EDR) traded down $0.88 during mid-day trading on Monday, hitting $33.80. 557,434 shares of the stock were exchanged, compared to its average volume of 547,533. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.29 and a quick ratio of 0.29. Education Realty Trust has a one year low of $33.79 and a one year high of $42.80. The company has a market capitalization of $2,645.29, a price-to-earnings ratio of 73.48, a P/E/G ratio of 2.96 and a beta of 0.44.

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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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