Education Realty Trust Inc. (NYSE:EDR) Issues FY17 Earnings Guidance

Education Realty Trust Inc. (NYSE:EDR) issued an update on its FY17 earnings guidance on Monday morning. The company provided earnings per share guidance of $1.90-2.00 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.93.

Education Realty Trust Inc. (NYSE EDR) opened at 37.87 on Friday. The company’s 50-day moving average price is $38.61 and its 200 day moving average price is $39.49. Education Realty Trust Inc. has a one year low of $36.98 and a one year high of $47.38. The firm has a market capitalization of $2.77 billion, a PE ratio of 88.07 and a beta of 0.44.

Education Realty Trust (NYSE:EDR) last issued its quarterly earnings results on Monday, July 31st. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.42. The firm had revenue of $74.04 million during the quarter, compared to analyst estimates of $69.40 million. Education Realty Trust had a return on equity of 1.83% and a net margin of 10.58%. The firm’s quarterly revenue was up 13.7% on a year-over-year basis. During the same period last year, the company posted $0.39 EPS. On average, analysts forecast that Education Realty Trust Inc. will post $0.53 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st will be paid a dividend of $0.39 per share. This is a positive change from Education Realty Trust’s previous quarterly dividend of $0.38. This represents a $1.56 dividend on an annualized basis and a yield of 4.12%. The ex-dividend date is Thursday, July 27th. Education Realty Trust’s dividend payout ratio (DPR) is presently 371.44%.

EDR has been the subject of a number of research reports. Sandler O’Neill lowered Education Realty Trust from a buy rating to a hold rating and decreased their price target for the company from $47.00 to $40.00 in a research note on Monday, July 31st. Citigroup Inc. lowered Education Realty Trust from a buy rating to a neutral rating and decreased their price target for the company from $44.00 to $41.00 in a research note on Thursday, June 29th. Evercore ISI reduced their price objective on Education Realty Trust from $41.00 to $38.00 and set an underperform rating for the company in a research note on Tuesday, May 2nd. Canaccord Genuity reduced their price objective on Education Realty Trust from $43.00 to $42.00 and set a hold rating for the company in a research note on Tuesday, May 2nd. Finally, BidaskClub raised Education Realty Trust from a hold rating to a buy rating in a research note on Friday, June 16th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. Education Realty Trust has a consensus rating of Hold and a consensus price target of $45.22.

In other Education Realty Trust news, Director John T. Thomas bought 800 shares of Education Realty Trust stock in a transaction dated Thursday, August 3rd. The stock was bought at an average price of $37.51 per share, for a total transaction of $30,008.00. Following the completion of the acquisition, the director now directly owns 3,299 shares of the company’s stock, valued at $123,745.49. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Edwin B. Brewer, Jr. bought 1,000 shares of Education Realty Trust stock in a transaction dated Thursday, August 3rd. The stock was acquired at an average price of $37.50 per share, with a total value of $37,500.00. The disclosure for this purchase can be found here. Insiders bought 2,800 shares of company stock valued at $105,138 in the last 90 days. Corporate insiders own 0.50% of the company’s stock.

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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.