Education Realty Trust Inc. to Post FY2016 Earnings of $1.76 Per Share, Capital One Financial Corp. Forecasts (EDR)
Education Realty Trust Inc. (NYSE:EDR) – Capital One Financial Corp. cut their FY2016 earnings per share (EPS) estimates for Education Realty Trust in a report issued on Monday. Capital One Financial Corp. analyst T. Lesnick now forecasts that the brokerage will post earnings of $1.76 per share for the year, down from their prior estimate of $1.78. Capital One Financial Corp. currently has a “Equal Weight” rating and a $54.00 target price on the stock. Capital One Financial Corp. also issued estimates for Education Realty Trust’s Q4 2016 earnings at $0.58 EPS.
Other equities analysts also recently issued research reports about the stock. Canaccord Genuity set a $54.00 price target on shares of Education Realty Trust and gave the company a “buy” rating in a report on Sunday, September 11th. KeyCorp set a $52.00 price target on shares of Education Realty Trust and gave the company a “buy” rating in a report on Monday, August 22nd. Zacks Investment Research raised shares of Education Realty Trust from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a report on Tuesday, July 19th. Citigroup Inc. raised shares of Education Realty Trust from a “neutral” rating to a “buy” rating and set a $46.00 price target on the stock in a report on Tuesday, October 4th. Finally, JPMorgan Chase & Co. reaffirmed a “hold” rating and set a $44.00 price target on shares of Education Realty Trust in a report on Wednesday, August 3rd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $47.75.
Shares of Education Realty Trust (NYSE:EDR) traded up 0.39% during midday trading on Wednesday, reaching $41.52. 330,562 shares of the company’s stock traded hands. The company has a 50-day moving average of $43.04 and a 200-day moving average of $43.62. Education Realty Trust has a one year low of $34.00 and a one year high of $48.87. The company has a market capitalization of $3.03 billion, a price-to-earnings ratio of 54.70 and a beta of 0.48.
Education Realty Trust (NYSE:EDR) last announced its quarterly earnings results on Monday, August 1st. The real estate investment trust reported $0.39 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.39. The business earned $65.14 million during the quarter, compared to analysts’ expectations of $61.88 million. Education Realty Trust had a net margin of 16.30% and a return on equity of 3.22%. The firm’s revenue for the quarter was up 13.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.41 EPS.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Nisa Investment Advisors L.L.C. purchased a new position in Education Realty Trust during the first quarter worth $416,000. TIAA CREF Investment Management LLC boosted its position in Education Realty Trust by 6.3% in the first quarter. TIAA CREF Investment Management LLC now owns 230,170 shares of the real estate investment trust’s stock worth $9,575,000 after buying an additional 13,588 shares during the period. Teachers Advisors Inc. boosted its position in Education Realty Trust by 16.2% in the first quarter. Teachers Advisors Inc. now owns 90,995 shares of the real estate investment trust’s stock worth $3,785,000 after buying an additional 12,716 shares during the period. Prudential Financial Inc. boosted its position in Education Realty Trust by 17.5% in the first quarter. Prudential Financial Inc. now owns 151,517 shares of the real estate investment trust’s stock worth $6,303,000 after buying an additional 22,530 shares during the period. Finally, BlackRock Inc. boosted its position in Education Realty Trust by 27.8% in the first quarter. BlackRock Inc. now owns 62,556 shares of the real estate investment trust’s stock worth $2,602,000 after buying an additional 13,594 shares during the period.
In other Education Realty Trust news, Director Monte J. Barrow sold 5,000 shares of the business’s stock in a transaction on Wednesday, August 17th. The shares were sold at an average price of $46.00, for a total transaction of $230,000.00. Following the transaction, the director now owns 10,162 shares in the company, valued at $467,452. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.50% of the stock is currently owned by corporate insiders.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 15th. Investors of record on Monday, October 31st will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 3.68%. The ex-dividend date is Thursday, October 27th. Education Realty Trust’s dividend payout ratio is presently 220.29%.
About Education Realty Trust
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.
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