Education Realty Trust, Inc. Expected to Earn FY2019 Earnings of $2.10 Per Share (EDR)

Education Realty Trust, Inc. (NYSE:EDR) – Equities researchers at KeyCorp issued their FY2019 earnings per share estimates for shares of Education Realty Trust in a research note issued to investors on Tuesday. KeyCorp analyst A. Wurschmidt anticipates that the real estate investment trust will post earnings per share of $2.10 for the year. KeyCorp currently has a “Buy” rating and a $40.00 price target on the stock.

Education Realty Trust (NYSE:EDR) last released its quarterly earnings results 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). The business had revenue of $75.36 million for the quarter, compared to the consensus estimate of $69.22 million. Education Realty Trust had a net margin of 11.33% and a return on equity of 2.01%. The business’s quarterly revenue was up 13.8% on a year-over-year basis. During the same period last year, the firm posted $0.26 EPS.

Other equities research analysts have also recently issued research reports about the company. B. Riley reaffirmed a “buy” rating on shares of Education Realty Trust in a report on Wednesday, November 1st. Robert W. Baird reissued an “outperform” rating and set a $40.00 target price (down previously from $45.00) on shares of Education Realty Trust in a report on Monday, October 2nd. FBR & Co reissued a “buy” rating and set a $44.00 target price on shares of Education Realty Trust in a report on Monday, October 30th. J P Morgan Chase & Co cut Education Realty Trust from a “neutral” rating to an “underweight” rating in a report on Friday, December 15th. Finally, Royal Bank of Canada dropped their target price on Education Realty Trust from $43.00 to $40.00 and set an “outperform” rating on the stock in a report on Wednesday, November 8th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company. Education Realty Trust currently has an average rating of “Hold” and an average target price of $40.90.

Education Realty Trust (NYSE:EDR) traded up $0.12 on Thursday, hitting $34.69. The stock had a trading volume of 428,155 shares, compared to its average volume of 684,843. The company has a market capitalization of $2,618.78, a PE ratio of 75.41, a PEG ratio of 3.03 and a beta of 0.44. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.29 and a current ratio of 0.29. Education Realty Trust has a 52 week low of $34.44 and a 52 week high of $42.80.

In related news, Chairman Randy L. Churchey purchased 20,000 shares of the company’s stock in a transaction on Wednesday, November 1st. The shares were bought at an average price of $35.01 per share, with a total value of $700,200.00. Following the completion of the acquisition, the chairman now owns 149,506 shares of the company’s stock, valued at $5,234,205.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Edwin B. Brewer, Jr. purchased 5,000 shares of the company’s stock in a transaction on Thursday, November 2nd. The stock was bought at an average cost of $35.01 per share, for a total transaction of $175,050.00. The disclosure for this purchase can be found here. 0.50% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Education Realty Trust by 10.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,917 shares of the real estate investment trust’s stock valued at $191,000 after buying an additional 477 shares in the last quarter. GAM Holding AG increased its holdings in shares of 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 valued at $246,000 after buying an additional 300 shares in the last quarter. Riverhead Capital Management LLC increased its holdings in shares of Education Realty Trust by 87.7% in the second quarter. Riverhead Capital Management LLC now owns 6,758 shares of the real estate investment trust’s stock valued at $262,000 after buying an additional 3,158 shares in the last quarter. ETRADE Capital Management LLC increased its holdings in shares of 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 valued at $292,000 after buying an additional 323 shares in the last quarter. Finally, Janney Montgomery Scott LLC bought a new position in shares of Education Realty Trust in the third quarter valued at $302,000.

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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.

Earnings History and Estimates for Education Realty Trust (NYSE:EDR)

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