Education Realty Trust Inc. (EDR) Given Buy Rating at FBR & Co

FBR & Co reissued their buy rating on shares of Education Realty Trust Inc. (NYSE:EDR) in a research note issued to investors on Monday. FBR & Co currently has a $44.00 target price on the real estate investment trust’s stock. FBR & Co also issued estimates for Education Realty Trust’s Q4 2017 earnings at $0.57 EPS, FY2017 earnings at $1.89 EPS, Q3 2018 earnings at $0.36 EPS, Q4 2018 earnings at $0.66 EPS and FY2018 earnings at $2.00 EPS.

Several other research analysts have also recently weighed in on the stock. BidaskClub cut shares of Education Realty Trust from a hold rating to a sell rating in a research report on Wednesday, July 12th. KeyCorp restated a buy rating and issued a $47.00 price objective on shares of Education Realty Trust in a research report on Wednesday, September 6th. Sandler O’Neill cut shares of Education Realty Trust from a buy rating to a hold rating and dropped their price objective for the stock from $47.00 to $40.00 in a research report on Monday, July 31st. TheStreet cut shares of Education Realty Trust from a b rating to a c+ rating in a research report on Monday, July 31st. Finally, Robert W. Baird restated an outperform rating and issued a $40.00 price objective (down previously from $45.00) on shares of Education Realty Trust in a research report on Monday, October 2nd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company’s stock. Education Realty Trust currently has a consensus rating of Hold and an average target price of $41.50.

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

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The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 31st will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 4.49%. The ex-dividend date is Monday, October 30th. Education Realty Trust’s payout ratio is 339.14%.

In other Education Realty Trust news, Director Wendell W. Weakley bought 750 shares of the company’s stock in a transaction on Wednesday, August 23rd. The stock was bought at an average price of $38.65 per share, for a total transaction of $28,987.50. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Edwin B. Brewer, Jr. bought 5,000 shares of the company’s stock in a transaction on Thursday, November 2nd. The shares were acquired at an average price of $35.01 per share, with a total value of $175,050.00. The disclosure for this purchase can be found here. Insiders have acquired a total of 25,750 shares of company stock valued at $904,238 in the last quarter. Corporate insiders own 0.50% of the company’s stock.

Institutional investors have recently modified their holdings of the business. PNC Financial Services Group Inc. raised its position in shares of Education Realty Trust by 10.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,697 shares of the real estate investment trust’s stock valued at $110,000 after acquiring an additional 246 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Education Realty Trust by 10.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,917 shares of the real estate investment trust’s stock valued at $191,000 after acquiring an additional 477 shares during the last quarter. GAM Holding AG raised its position in shares of Education Realty Trust by 5.0% during the 2nd quarter. GAM Holding AG now owns 6,360 shares of the real estate investment trust’s stock valued at $246,000 after acquiring an additional 300 shares during the last quarter. Dubuque Bank & Trust Co. raised its position in shares of Education Realty Trust by 22.5% during the 2nd quarter. Dubuque Bank & Trust Co. now owns 6,379 shares of the real estate investment trust’s stock valued at $247,000 after acquiring an additional 1,173 shares during the last quarter. Finally, Riverhead Capital Management LLC raised its position in shares of Education Realty Trust by 87.7% during the 2nd quarter. Riverhead Capital Management LLC now owns 6,758 shares of the real estate investment trust’s stock valued at $262,000 after acquiring an additional 3,158 shares during the last quarter.

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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