KeyCorp Weighs in on Education Realty Trust, Inc.’s Q1 2018 Earnings (EDR)

Education Realty Trust, Inc. (NYSE:EDR) – Equities researchers at KeyCorp issued their Q1 2018 EPS estimates for shares of Education Realty Trust in a report issued on Wednesday. KeyCorp analyst A. Wurschmidt expects that the real estate investment trust will earn $0.57 per share for the quarter. KeyCorp has a “Buy” rating and a $40.00 price objective on the stock.

Education Realty Trust (NYSE:EDR) last issued 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). Education Realty Trust had a return on equity of 2.01% and a net margin of 11.33%. The company had revenue of $75.36 million during the quarter, compared to analysts’ expectations of $69.22 million. During the same period in the prior year, the business posted $0.26 EPS. The company’s revenue for the quarter was up 13.8% compared to the same quarter last year.

A number of other equities research analysts have also commented on EDR. B. Riley restated a “buy” rating on shares of Education Realty Trust in a research report on Wednesday, November 1st. JPMorgan Chase & Co. lowered 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 Education Realty Trust and gave the company a “buy” rating in a report on Tuesday, October 31st. FBR & Co reiterated a “buy” rating and set a $44.00 price target on shares of Education Realty Trust in a report on Monday, October 30th. Finally, Royal Bank of Canada reduced their price target on Education Realty Trust from $43.00 to $40.00 and set an “outperform” rating for the company in a report on Wednesday, November 8th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $40.90.

Shares of Education Realty Trust (EDR) traded up $0.12 during midday trading on Monday, reaching $34.69. The company’s stock had a trading volume of 428,800 shares, compared to its average volume of 519,514. Education Realty Trust has a 12-month low of $34.44 and a 12-month high of $42.80. The firm has a market cap of $2,627.87, a price-to-earnings ratio of 75.41, a PEG ratio of 3.04 and a beta of 0.44. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.29 and a quick ratio of 0.29.

In other Education Realty Trust 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 cost of $35.01 per share, with a total value of $700,200.00. Following the transaction, the chairman now directly owns 149,506 shares in the company, valued at approximately $5,234,205.06. The purchase was disclosed in a document filed with the SEC, which is available at 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 acquired 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. Insiders own 0.50% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in EDR. TD Asset Management Inc. acquired a new stake in Education Realty Trust in the 2nd quarter valued at $504,000. Schwab Charles Investment Management Inc. boosted its stake in Education Realty Trust by 10.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 704,780 shares of the real estate investment trust’s stock worth $27,311,000 after purchasing an additional 67,060 shares in the last quarter. Arizona State Retirement System boosted its stake in Education Realty Trust by 1.6% in the second quarter. Arizona State Retirement System now owns 30,900 shares of the real estate investment trust’s stock worth $1,197,000 after purchasing an additional 500 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in Education Realty Trust by 10.3% in the second quarter. Advisors Asset Management Inc. now owns 30,589 shares of the real estate investment trust’s stock worth $1,185,000 after purchasing an additional 2,869 shares in the last quarter. Finally, State of Wisconsin Investment Board boosted its stake in Education Realty Trust by 35.0% in the second quarter. State of Wisconsin Investment Board now owns 135,000 shares of the real estate investment trust’s stock worth $5,231,000 after purchasing an additional 35,000 shares in the last quarter.

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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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