Education Realty Trust, Inc. (EDR) Updates FY12 Earnings Guidance
Education Realty Trust, Inc. (EDR) updated its FY12 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.46-$0.48 for the period.
A number of research firms have also recently commented on EDR. Analysts at Goldman Sachs initiated coverage on shares of Education Realty Trust in a research note to investors on Thursday, October 18th. They set a neutral rating on the stock. On a related note, analysts at MLV Equity initiated coverage on shares of Education Realty Trust in a research note to investors on Tuesday, October 9th. They set a hold rating and a $11.00 price target on the stock. Finally, analysts at McNicoll Lewis & Vlak initiated coverage on shares of Education Realty Trust in a research note to investors on Tuesday, October 9th. They set a hold rating on the stock.
Shares of Education Realty Trust, Inc. (EDR) traded down 0.48% during mid-day trading on Thursday, hitting $10.36. Education Realty Trust, Inc. (EDR) has a one year low of $8.52 and a one year high of $11.81. The company’s market cap is $990.7 million.
Education Realty Trust last issued its quarterly earnings data on Thursday, October 25th. The company reported $0.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.06. The company’s revenue for the quarter was up 23.7% on a year-over-year basis. On average, analysts predict that Education Realty Trust, Inc. (EDR) will post $0.46 earnings per share for the current fiscal year.
Education Realty Trust, Inc. (the Trust) is a self-managed and self-advised real estate investment trust (REIT) organized to develop, acquire, own and manage student housing communities located near university campuses.
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