Education Realty Trust (EDR) Issues 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.

Shares of Education Realty Trust (EDR) remained flat at $$32.58 during trading on Wednesday. 278,201 shares of the stock were exchanged, compared to its average volume of 536,600. The stock has a market capitalization of $2,466.69, a PE ratio of 55.22, a price-to-earnings-growth ratio of 3.27 and a beta of 0.42. Education Realty Trust has a 12 month low of $30.07 and a 12 month high of $41.79. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.22 and a current ratio of 0.22.

Education Realty Trust (NYSE:EDR) last released its quarterly earnings data on Tuesday, February 20th. The real estate investment trust reported $0.59 EPS for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.01. The company had revenue of $95.87 million during the quarter, compared to the consensus estimate of $87.56 million. Education Realty Trust had a net margin of 14.33% and a return on equity of 2.62%. Education Realty Trust’s quarterly revenue was up 13.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.59 EPS. equities research analysts expect that Education Realty Trust will post 1.85 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st were issued a dividend of $0.39 per share. The ex-dividend date of this dividend was Tuesday, January 30th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.79%. Education Realty Trust’s dividend payout ratio is currently 264.41%.

A number of brokerages have recently issued reports on EDR. B. Riley set a $44.00 price target on shares of Education Realty Trust and gave the stock a buy rating in a report on Tuesday, November 14th. JPMorgan Chase & Co. downgraded shares of Education Realty Trust from a neutral rating to an underweight rating in a report on Friday, December 15th. KeyCorp reissued a buy rating and issued a $40.00 price target on shares of Education Realty Trust in a research report on Thursday, December 21st. Sandler O’Neill reissued a hold rating and issued a $34.00 price target on shares of Education Realty Trust in a research report on Monday, February 26th. Finally, Robert W. Baird set a $36.00 price target on shares of Education Realty Trust and gave the company a buy rating in a research report on Thursday, February 22nd. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $40.10.

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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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