Education Realty Trust, Inc. (EDR) Expected to Announce Quarterly Sales of $89.79 Million

Analysts expect that Education Realty Trust, Inc. (NYSE:EDR) will post $89.79 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Education Realty Trust’s earnings, with the lowest sales estimate coming in at $82.82 million and the highest estimate coming in at $95.84 million. Education Realty Trust reported sales of $84.22 million in the same quarter last year, which would suggest a positive year over year growth rate of 6.6%. The company is scheduled to issue its next quarterly earnings results on Tuesday, February 20th.

According to Zacks, analysts expect that Education Realty Trust will report full-year sales of $89.79 million for the current year, with estimates ranging from $307.40 million to $330.32 million. For the next year, analysts anticipate that the firm will report sales of $334.93 million per share, with estimates ranging from $304.60 million to $365.96 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover Education Realty Trust.

Education Realty Trust (NYSE:EDR) last posted its quarterly earnings data on Monday, October 30th. The real estate investment trust reported ($0.01) earnings per share for the quarter, missing the Zacks’ consensus estimate 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 for the quarter, compared to the consensus estimate of $69.22 million. During the same quarter last year, the firm earned $0.26 EPS. The company’s revenue was up 13.8% on a year-over-year basis.

A number of research firms have weighed in on EDR. B. Riley reiterated a “buy” rating on shares of Education Realty Trust in a research report on Wednesday, November 1st. J P Morgan Chase & Co cut shares of Education Realty Trust from a “neutral” rating to an “underweight” rating in a report on Friday, December 15th. Robert W. Baird set a $38.00 price target on shares of Education Realty Trust and gave the stock a “buy” rating in a report on Tuesday, October 31st. FBR & Co restated a “buy” rating and issued a $44.00 price target on shares of Education Realty Trust in a report on Monday, October 30th. Finally, KeyCorp restated a “buy” rating and issued a $47.00 price target on shares of Education Realty Trust in a report on Wednesday, September 6th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $41.60.

Education Realty Trust (NYSE:EDR) traded down $0.79 during mid-day trading on Friday, reaching $35.84. 1,060,900 shares of the company’s stock were exchanged, compared to its average volume of 519,366. 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 fifty-two week low of $34.67 and a fifty-two week high of $42.80. The company has a market capitalization of $2,774.83, a PE ratio of 19.28, a price-to-earnings-growth ratio of 3.21 and a beta of 0.44.

In other Education Realty Trust news, Chairman Randy L. Churchey acquired 20,000 shares of the stock in a transaction that occurred on Wednesday, November 1st. The stock was bought at an average cost of $35.01 per share, with a total value of $700,200.00. Following the completion of the purchase, the chairman now directly owns 149,506 shares in the company, valued at $5,234,205.06. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Edwin B. Brewer, Jr. acquired 5,000 shares of the stock in a transaction that occurred on Thursday, November 2nd. The stock was acquired at an average cost of $35.01 per share, with a total value of $175,050.00. The disclosure for this purchase can be found here. Corporate insiders own 0.50% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the stock. People s United Financial Inc. lifted its stake in Education Realty Trust by 0.8% in the second quarter. People s United Financial Inc. now owns 13,999 shares of the real estate investment trust’s stock worth $542,000 after acquiring an additional 105 shares during the period. Amalgamated Bank lifted its stake in Education Realty Trust by 1.3% in the second quarter. Amalgamated Bank now owns 10,431 shares of the real estate investment trust’s stock worth $404,000 after acquiring an additional 135 shares during the period. Suntrust Banks Inc. lifted its stake in Education Realty Trust by 0.3% in the second quarter. Suntrust Banks Inc. now owns 87,777 shares of the real estate investment trust’s stock worth $3,401,000 after acquiring an additional 300 shares during the period. GAM Holding AG lifted its stake in Education Realty Trust by 5.0% in the second quarter. GAM Holding AG now owns 6,360 shares of the real estate investment trust’s stock worth $246,000 after acquiring an additional 300 shares during the period. Finally, ETRADE Capital Management LLC lifted its stake in Education Realty Trust by 4.5% in the second quarter. ETRADE Capital Management LLC now owns 7,534 shares of the real estate investment trust’s stock worth $292,000 after acquiring an additional 323 shares during the period.

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Education Realty Trust Company Profile

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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