$0.36 Earnings Per Share Expected for Education Realty Trust, Inc. (EDR) This Quarter

Wall Street analysts expect Education Realty Trust, Inc. (NYSE:EDR) to announce $0.36 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Education Realty Trust’s earnings, with the lowest EPS estimate coming in at $0.33 and the highest estimate coming in at $0.38. Education Realty Trust reported earnings per share of $0.42 during the same quarter last year, which indicates a negative year-over-year growth rate of 14.3%. The company is scheduled to report its next earnings report on Monday, July 30th.

According to Zacks, analysts expect that Education Realty Trust will report full year earnings of $1.85 per share for the current year, with EPS estimates ranging from $1.84 to $1.86. For the next financial year, analysts expect that the firm will report earnings of $2.00 per share, with EPS estimates ranging from $1.95 to $2.06. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Education Realty Trust.

Education Realty Trust (NYSE:EDR) last released its earnings results on Monday, April 30th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.02). The company had revenue of $90.70 million for the quarter, compared to analyst estimates of $85.79 million. Education Realty Trust had a return on equity of 3.95% and a net margin of 21.50%. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period last year, the company posted $0.60 earnings per share.



Several analysts recently weighed in on EDR shares. Evercore ISI upgraded Education Realty Trust from an “underperform” rating to an “outperform” rating and set a $42.00 price objective for the company in a research report on Sunday, June 3rd. Goldman Sachs Group restated a “neutral” rating on shares of Education Realty Trust in a research report on Thursday, May 31st. Sandler O’Neill restated a “hold” rating and set a $34.00 price objective on shares of Education Realty Trust in a research report on Monday, February 26th. ValuEngine upgraded Education Realty Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, May 29th. Finally, TheStreet upgraded Education Realty Trust from a “c” rating to a “b-” rating in a research report on Monday, May 7th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company. Education Realty Trust presently has an average rating of “Hold” and a consensus price target of $40.33.

Institutional investors have recently bought and sold shares of the business. Ranger Global Real Estate Advisors LLC raised its position in Education Realty Trust by 36.4% in the fourth quarter. Ranger Global Real Estate Advisors LLC now owns 112,386 shares of the real estate investment trust’s stock valued at $3,925,000 after purchasing an additional 30,000 shares during the last quarter. William Blair Investment Management LLC raised its position in shares of Education Realty Trust by 26.5% during the fourth quarter. William Blair Investment Management LLC now owns 726,594 shares of the real estate investment trust’s stock worth $25,373,000 after acquiring an additional 151,998 shares during the last quarter. V3 Capital Management L.P. bought a new position in shares of Education Realty Trust during the fourth quarter worth about $11,630,000. MetLife Investment Advisors LLC bought a new position in shares of Education Realty Trust during the fourth quarter worth about $2,910,000. Finally, Swiss National Bank raised its position in shares of Education Realty Trust by 2.0% during the fourth quarter. Swiss National Bank now owns 124,696 shares of the real estate investment trust’s stock worth $4,354,000 after acquiring an additional 2,500 shares during the last quarter.

Shares of EDR stock opened at $40.44 on Thursday. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.53. Education Realty Trust has a twelve month low of $30.07 and a twelve month high of $43.30. The firm has a market cap of $3.03 billion, a P/E ratio of 21.34, a price-to-earnings-growth ratio of 5.08 and a beta of 0.43.

About Education Realty Trust

EdR (NYSE: EDR) is one of America's largest owners, developers and managers of collegiate housing. EdR is a self-administered and self-managed real estate investment trust that owns or manages 79 communities with more than 42,300 beds serving 50 universities in 25 states. EdR is a member of the Russell 2000 Index, the S&P MidCap 400 and the Morgan Stanley REIT indices.

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

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