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.
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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