$0.38 EPS Expected for Education Realty Trust, Inc. (EDR) This Quarter

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Equities analysts forecast that Education Realty Trust, Inc. (NYSE:EDR) will post earnings of $0.38 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Education Realty Trust’s earnings, with estimates ranging from $0.38 to $0.39. Education Realty Trust posted earnings of $0.42 per share in the same quarter last year, which indicates a negative year over year growth rate of 9.5%. The business is expected to report its next earnings report on Monday, August 13th.

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 year, analysts expect that the business will post earnings of $1.98 per share, with EPS estimates ranging from $1.95 to $2.03. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover Education Realty Trust.

Several equities research analysts have issued reports on EDR shares. ValuEngine raised shares of Education Realty Trust from a “hold” rating to a “buy” rating in a research note on Tuesday, July 10th. Sandler O’Neill cut shares of Education Realty Trust from a “hold” rating to a “sell” rating in a research note on Thursday, July 12th. Robert W. Baird lifted their price target on Education Realty Trust from $36.00 to $42.00 and gave the stock an “outperform” rating in a report on Tuesday, June 26th. Goldman Sachs Group lowered Education Realty Trust from a “buy” rating to a “neutral” rating in a report on Wednesday, May 16th. Finally, Evercore ISI upgraded Education Realty Trust from an “underperform” rating to an “outperform” rating and set a $42.00 price target on the stock in a report on Sunday, June 3rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $41.93.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. raised its stake in shares of Education Realty Trust by 140.3% during the first quarter. PNC Financial Services Group Inc. now owns 3,439 shares of the real estate investment trust’s stock worth $114,000 after purchasing an additional 2,008 shares during the last quarter. Bank of Montreal Can purchased a new stake in shares of Education Realty Trust during the second quarter worth approximately $165,000. Telemus Capital LLC purchased a new stake in shares of Education Realty Trust during the second quarter worth approximately $208,000. North Star Investment Management Corp. purchased a new stake in shares of Education Realty Trust during the second quarter worth approximately $210,000. Finally, Pitcairn Co. purchased a new stake in shares of Education Realty Trust during the first quarter worth approximately $224,000.

EDR traded down $0.07 on Friday, hitting $41.20. 471,819 shares of the company’s stock were exchanged, compared to its average volume of 1,132,262. Education Realty Trust has a fifty-two week low of $30.07 and a fifty-two week high of $43.30. The company has a quick ratio of 0.18, a current ratio of 0.11 and a debt-to-equity ratio of 0.47. The stock has a market cap of $3.33 billion, a PE ratio of 21.68 and a beta of 0.48.

About Education Realty Trust

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.

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