Education Realty Trust (EDR) Updates FY17 Earnings Guidance

Education Realty Trust (NYSE:EDR) updated its FY17 earnings guidance on Tuesday. The company provided earnings per share guidance of $1.86 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.90. Education Realty Trust also updated its FY18 guidance to $1.89-1.99 EPS.

Several equities analysts recently commented on the stock. Robert W. Baird set a $38.00 price target on shares of Education Realty Trust and gave the stock a buy rating in a research report on Tuesday, October 31st. B. Riley set a $44.00 price target on shares of Education Realty Trust and gave the stock a buy rating in a research report on Tuesday. FBR & Co reaffirmed a buy rating and set a $44.00 price target on shares of Education Realty Trust in a research report on Monday, October 30th. Royal Bank of Canada dropped their price target on shares of Education Realty Trust from $43.00 to $40.00 and set an outperform rating for the company in a research report on Wednesday, November 8th. Finally, JPMorgan Chase & Co. lowered shares of Education Realty Trust from a neutral rating to an underweight rating in a research report on Friday, December 15th. Three analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of $40.90.

Education Realty Trust (NYSE EDR) traded down $0.98 on Tuesday, reaching $31.04. 199,569 shares of the company’s stock traded hands, compared to its average volume of 474,272. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.44. Education Realty Trust has a 12 month low of $30.07 and a 12 month high of $42.44. The stock has a market capitalization of $2,425.61, a P/E ratio of 69.61, a P/E/G ratio of 3.04 and a beta of 0.38.

Education Realty Trust (NYSE:EDR) last released its quarterly earnings data on Tuesday, February 20th. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.01. Education Realty Trust had a net margin of 11.33% and a return on equity of 2.01%. The company had revenue of $95.87 million during the quarter, compared to the consensus estimate of $87.56 million. During the same period in the previous year, the firm earned $0.59 earnings per share. Education Realty Trust’s revenue for the quarter was up 13.8% on a year-over-year basis. equities research analysts anticipate that Education Realty Trust will post 1.89 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st were paid a $0.39 dividend. The ex-dividend date of this dividend was Tuesday, January 30th. This represents a $1.56 annualized dividend and a dividend yield of 5.03%. Education Realty Trust’s dividend payout ratio (DPR) is presently 339.14%.

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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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